Euronext’s Commodities, Equities Volumes Jump in February

Friday, 03/03/2017 | 10:01 GMT by Jeff Patterson
  • Euronext's volumes rebounded higher in February, paring much of last month's declines.
Euronext’s Commodities, Equities Volumes Jump in February
Finance Magnates

Euronext, one of Europe’s largest exchanges, has reported its monthly total trading volumes for February 2017, which managed to help pare some of last month’s declines, according to a Euronext report.

January and February have both been mixed in terms of performance for both retail and institutional venues, devoid of any uniform trend. Volatility was lower in February despite the fact that some exchanges posted better volumes – market drivers were also in short supply in February, outside of a buildup to the eventual Fed meeting later this month.

During February 2017, Euronext’s average daily cash orders came in at $7,436 million (€7,065 million), rising 9.4 percent month-over-month from $6,798 million (€6,458 million million) in January 2017. This reading was however lower over a yearly timeframe, retreating by -17.7 percent year-over-year from February 2016.

Volumes Incur Widespread Growth MoM

The latest figures snap also resumed an ascending level of trading activity at Euronext, a trend that was largely intact in Q4 2016. As such, other segments at Euronext in February 2017, which included its Exchange -traded-funds (ETFs), came in at a volume of $564.9 million (€537.0 million), compared to $470.3 million (€447.0 million) just one month ago, or 20.1 percent higher month-over-month.

Looking at these figures relative to the year prior, February 2017’s performance was much lower, coming in at -20.8 percent year-over-year from February 2016. Euronext’s equity index derivatives also to mount a comeback in February 2017, justifying a rise to 232,932 contracts, or 16.6 percent higher month-over-month from 199,736 contracts in January 2017.

Moreover, ADV of individual equity derivatives grew to 282,365 in February 2017 vs. 200,583 contracts in January 2017 or 40.8 percent more month-over-month.

Finally, precious metal prices finally also recorded healthy gains in its volumes over the past month. Euronext recorded its ADV in its commodities derivatives at 57,935 contracts for February 2017, or 28.4 percent higher month-over-month from just 45,104 contracts in January 2017.

Euronext, one of Europe’s largest exchanges, has reported its monthly total trading volumes for February 2017, which managed to help pare some of last month’s declines, according to a Euronext report.

January and February have both been mixed in terms of performance for both retail and institutional venues, devoid of any uniform trend. Volatility was lower in February despite the fact that some exchanges posted better volumes – market drivers were also in short supply in February, outside of a buildup to the eventual Fed meeting later this month.

During February 2017, Euronext’s average daily cash orders came in at $7,436 million (€7,065 million), rising 9.4 percent month-over-month from $6,798 million (€6,458 million million) in January 2017. This reading was however lower over a yearly timeframe, retreating by -17.7 percent year-over-year from February 2016.

Volumes Incur Widespread Growth MoM

The latest figures snap also resumed an ascending level of trading activity at Euronext, a trend that was largely intact in Q4 2016. As such, other segments at Euronext in February 2017, which included its Exchange -traded-funds (ETFs), came in at a volume of $564.9 million (€537.0 million), compared to $470.3 million (€447.0 million) just one month ago, or 20.1 percent higher month-over-month.

Looking at these figures relative to the year prior, February 2017’s performance was much lower, coming in at -20.8 percent year-over-year from February 2016. Euronext’s equity index derivatives also to mount a comeback in February 2017, justifying a rise to 232,932 contracts, or 16.6 percent higher month-over-month from 199,736 contracts in January 2017.

Moreover, ADV of individual equity derivatives grew to 282,365 in February 2017 vs. 200,583 contracts in January 2017 or 40.8 percent more month-over-month.

Finally, precious metal prices finally also recorded healthy gains in its volumes over the past month. Euronext recorded its ADV in its commodities derivatives at 57,935 contracts for February 2017, or 28.4 percent higher month-over-month from just 45,104 contracts in January 2017.

About the Author: Jeff Patterson
Jeff Patterson
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About the Author: Jeff Patterson
Head of Commercial Content
  • 5448 Articles
  • 106 Followers

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