Euronext Witnesses a Surge of 71.2% in Revenues and Income during Q3 2021

Euronext, a leading European trading venue operator, has published its financial results for the third quarter of 2021, revealing that its revenues and incomes were EUR 350.6 million, increasing by 71.2% during the period, with Borsa Italiana Group contributing EUR 121.1 million to revenue.

As a result of the consolidation of the Borsa Italiana capital markets, as well as increased cash equity volumes and high yield, trading revenues reached EUR 124.2 million. In addition, MTS cash trading activities grew at a double-digit pace, contributing to a 23.8 million EUR increase in fixed-income trading revenue. After consolidating Monte Titoli and CC&G, post-trade revenue increased to EUR 83.1 million. This mainly reflects normalized retail activity levels in the Nordic CSDs.

Additionally, custody and settlement revenue growth in the Nordic CSDs increased but at a slower rate than in previous quarters. That said, revenue from clearing rose to EUR 27.5 million. In addition, Euronext reported that CC&G generated a total of EUR 12.9 million from treasury income.

The company’s operating income, excluding divestment and acquisition costs, reached a total of EUR 54.8 million. This figure grew to EUR 147.6 million thanks to the consolidation of acquisition-related costs and integration costs connected to the Borsa Italiana Group.

Q2 Results for 2021

As Finance Magnates reported in July about Euronext’s Q2 of 2021 results, revenue coming from spot Forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Read this Term trading dropped to EUR 5.7 million, which is a decline of 13.5% from the previous year’s total of EUR 6.6 million. On an adjusted basis, this figure was down by 5.3% year-over-year.

As a result of the weakening demand for Forex Trading Forex Trading Forex trading is the buying and selling of foreign currencies with the aim of generating a profit. The value of currencies, especially floating currencies, fluctuate to varying degrees. This constant volatility of exchange rates opens the door for speculators to invest in a certain currency against another. The Forex market is the world’s biggest and most liquid market, with over $5 billion turnover every single day, with the market being open 24 hours a day, 5 days a week.It goes without saying Forex trading is the buying and selling of foreign currencies with the aim of generating a profit. The value of currencies, especially floating currencies, fluctuate to varying degrees. This constant volatility of exchange rates opens the door for speculators to invest in a certain currency against another. The Forex market is the world’s biggest and most liquid market, with over $5 billion turnover every single day, with the market being open 24 hours a day, 5 days a week.It goes without saying Read this Term, revenues diminished during the period, as the average trading volume dropped to $18.6 billion from $20.6 billion in Q2 of 2020. Furthermore, the average daily volume (ADV) in the forex market across the operator was $18.53 billion during that period. This was another surge of 17.1% on a monthly basis compared to August’s number of $15.82 billion.