Euronext Reports July Monthly Volumes, ETF Outperformance Snapped

Euronext, Europe’s largest Exchange Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv Read this Term, has just released its trading volumes for the month ending July 2015, having incurred a substantial MoM decline from this past June, according to a Euronext statement.

Last month, Euronext’s June 2015 average daily transaction value on its cash order book stood at $10,211 million, constituting a jump of 54% YoY from June 2014 with ETFs also experiencing a steadfast triple-digit surge of 106% YoY.

However, the optimism was dulled somewhat over a monthly timetable, with most recent metrics for July 2015 at Euronext reporting an average daily transaction value on the Euronext cash order book of just $8,590 million, representing a fall of -12.3% MoM from June 2015. Across a yearly timeframe however, the latest figures correspond to a growth of 38.0% YoY from July 2014.

In addition to this decline, Euronext saw its outperformance by its Exchange-Traded-Funds (ETFs) snapped in July 2015, which fell to $557 million, down -14.4% MoM from $651 million in June 2015. However, Euronext’s ETFs did rise by a factor of 81% YoY from July 2014.

In addition, Euronext reported its H1 2015 metrics, which overall makes the period the strongest since 2011, helped in large part by favorable economic conditions. This was reflective in the performance of Euronext’s cash markets, having seen a sizable increase in trading activity across the H1 2015, with an average daily transaction value for the period up 35% YoY from H1 2014.

During the month ending July 2015, the average daily volume (ADV) on equity index derivatives were also down to 208,718 contracts, or off by -8.0% YoY from July 2014 – furthermore ADV on individual equity derivatives during July 2015 came in at just 215,648 contracts, down -21.0% YoY vs. July 2014.

The silver lining of Euronext’s monthly volumes report was its commodities business. Indeed, July 2015 was its most active commodities derivatives trading month ever, besting a former record of July 2012 with 1,740,834 lots traded. Activity on Euronext was up in July 2015, up 29% YoY compared with July 2014, with an ADV of 75,688 contracts.

In July 2015, Euronext had no less than seven new listings, including LafargeHolcim on Euronext Paris and Flow Traders on Euronext Amsterdam, as well as five EnterNext small market enterprises (SMEs) that collectively raised $671 million.