Euronext Sees Sharp Rebound in Commodities, Equities Volumes in June

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 reported its trading volumes for the latest month ending June 2016, ultimately exploding out of an unrelenting downtrend across its cash order book. The latest figures constitute a strong performance that has pared the majority if its Q2 declines in volumes, according to a Euronext statement.

After what amounted to a wild month of trading, Euronext’s average daily cash orders swelled to $9,228.7 million (€8,345 million), having climbed by a margin of 40.7% MoM from just $6,560 million (€5,932 million) in May 2016. The latest order book figures in June at Euronext also highlighted the end of a multi month downtrend prevalent amongst virtually every institutional exchange.

Despite a vastly higher volume during June 2016 over a MoM basis, Euronext’s latest figures were actually lower by -9.3 YoY from June 2015, showing how much worse the exchange had been performing to date. The catalyst for the turnaround was the Brexit Brexit Brexit stands for British Exit, or in reference to the United Kingdom’s decision to formally leave the European Union (EU) as declared in a June 23, 2016 referendum. In a more immediate sense, a tight vote and unexpected result helped drive British pound (GBP) to lows that had not been seen in decades.The day following the referendum, former Prime Minister David Cameron resigned from office where he was replaced by Theresa May, who later resigned from office on June 7th, 2019. Active Prime Minis Brexit stands for British Exit, or in reference to the United Kingdom’s decision to formally leave the European Union (EU) as declared in a June 23, 2016 referendum. In a more immediate sense, a tight vote and unexpected result helped drive British pound (GBP) to lows that had not been seen in decades.The day following the referendum, former Prime Minister David Cameron resigned from office where he was replaced by Theresa May, who later resigned from office on June 7th, 2019. Active Prime Minis Read this Term vote and subsequent finality of the referendum, which convulsed FX markets.

The strength during June was also extended to exchange-traded-funds (ETFs), having released a volume of $755.2 million (€683.0 million) from $494.0 million (€447.0 million) just one month prior, or 52.8% MoM. Relative to 2015, June 2016’s figures were also higher by 16.5% YoY, adding six new listings.

By extension, Euronext’s equity index derivatives also received a welcome boost during June 2016, yielding a figure of 244,761 contracts for the month – this was indicative of a gain 25.3% MoM from 195,333 contracts in May 2016. Meanwhile, ADV of individual equity derivatives rose as well to 251,919 in June 2016 vs. just 187,298 contracts in the month prior or 35.5% MoM from May 2016.

Finally, with the recent run up in precious metals prices, Euronext’s commodities volumes for June 2016 were also notably higher. The exchange’s ADV across commodities derivatives came in at 56,195 contracts for the month, good for a boost of 44.4% MoM from just 38,906 contracts in May 2016.