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FX Volume Grows Significantly On EURONEXT

Euronext, a leading exchange with footprints in France, Netherlands, and Belgium, has recorded an uptick in its FX volume. According to the exchange’s data, there has been a 10% increase in the average daily volume (ADV) on spot foreign exchange.

The exchange also reported an increase in its ADV from December 2022. In January 2023, the ADV was recorded to be $19.6 billion as compared to $18 billion in the previous month. In 2022, Euronext exchange emerged as a leading platform for worldwide debt listing and European equity listings.

Considering the aggregated market capitalization, Euronext is currently the biggest stock market in Europe. As per the recent figures from the exchange, the aggregated monthly turnover stood at $432 billion. This was an increase from the $394 billion turnover in the month before.

Euronext Records an Uptick in Derivatives Trading Volume

The pan-European exchange also reported a 26% increase in total derivatives trading. In January, 13.75 million contracts changed hands, far more than the previous monthly figure of 10.9 million contracts. However, it was still 20% lower than the 2021 figure of 17.1 million.

The year-over-year currency turnover also saw a sharp decline. The exchange reported a 12% decrease from the last year’s value of $22.3 billion during the same tenure. The trading revenue in the 3rd quarter of 2022 also dropped by 6% due to lower cash equity and MTS Cash volumes. Euronext currently operates in the major European cities of Brussels, Oslo, Lisbon, Dublin, Paris and Milan.

Euronext currently offers a wide range of trading and post-trading services. The assets listed on the venue include stocks, ETFs, certificates, bonds, derivatives, commodities and foreign exchange. The latest data also showed that the post-trade revenue at Euronext increased by 3.7% owing to the great performance by its Italian arm.