Euronext October Average Daily Transaction Value On Cash Order Book Down 5% 

Euronext October Average Daily Transaction Value On Cash Order Book Down 5% 

The FINANCIAL -- Euronext on November 4 announced trading volumes for October 2015.

The October 2015 average daily transaction value on the Euronext cash order book stood at €7,735 million (-5% compared with October 2014), thus marking a return to a normalised volume environment. As a reminder, activity in October 2014 was the highest level since August 2011, boosted at that time by volatile market conditions.  Activity on ETFs remained particularly dynamic during October 2015 with an average daily transaction value at €597 million, up +16% compared to the activity peak of October 2014, according to Euronext.

The average daily volume on equity index derivatives was down at 201,379 contracts (-39% compared with October 2014), and the average daily volume on individual equity derivatives was down at 233,314 contracts (-20% compared with October 2014). As a reminder the derivatives’ activity of October 2014 was exceptionally high due to volatile market conditions. The open interest on individual equity derivatives increased by +9.3% compared to the previous month thus exceeding 14 million contracts at the end of October 2015.

In October 2015, the average daily volume on commodities derivatives decreased by -14% when compared to October 2014, with an average daily volume of 57,163 contracts. The October price range for milling wheat remained stable and the change of the expiry cycle implemented in September continued to impact volume seasonality on this contract. On 6 October 2015, a new record trading day in the Rapeseed grains Futures contract was established at 21,140 contracts.  This record surpasses the previous one of 20,881 lots in October 2013.

In October 2015, Euronext had five new listings (AroundTown Property Holding on Euronext Paris and Intertrust NV on Euronext Amsterdam), of which three EnterNext SMEs (Showroomprivé, Technofirst and KKO International) that altogether raised €719 million. In addition, during October 2015, €2.8 billion was raised in corporate bonds and €2.8 billion of follow-on equity.

 

Author: The FINANCIAL

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