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Euronext’s Markets Sink Across Board in April

The European New Exchange Technology (Euronext), a pan-European exchange group operating
regulated markets in Belgium, France, and Italy, among other countries, saw
major declines in its markets between March and April 2022.

The falls span the cash,
derivatives, and foreign exchange markets, according to the latest monthly volume data published by the group
on Friday.

The Cash Market

According to Euronext,
the transaction value of all buy and sell trades, including the values of reported
trades but minus fixed income, sank -42% from €391 million to €226 million
between March and April 2022. However, when compared to April 2021, there’s
just a slight difference that stands at a 0% change year-on-year (YoY).

In terms of daily
average, the average daily volume (ADV) of all buys and sell trades dropped by 30%
month-on-month (MoM) from €17,006 million to €11,900 million.

When considered based on the total number of transactions of buy and sell trades (minus fixed income
trades), total trades in the cash market fell by -40% from 113 million trades in March to 68 million trades in April.
However, if contrasted against April 2021’s record, there’s no significant
difference.

On the other hand, in terms of daily
average, the average daily volume (ADV) of buy and sell
trades declined by-27% between March April, falling from 4.9 million
to 3.6 million.

The Derivatives Market

Euronext’s derivatives
market declined by -26.6% to 14 million volumes (in lots) from 19.5 million
volumes recorded in March. On a YoY basis, however, the shortfall is a relatively marginal -6.6%.

These declines take into
consideration falls in the equity, index, individual equity, and commodity
sub-markets and across instrument types, futures and options.

While the index market
sank by -29.6% MoM, individual equity and commodity markets plummeted by -23.2% and -36.2% respectively.

Euronext FX

The forex spot volume of
Euronext FX, formerly known as FastMatch, also plunged by -13.9% to US$517 million
from $US600 million.

On the contrary, when
compared to the output in April last year, the forex spot market rose by +31.7%.

The same conditions are
obtainable, albeit on a smaller scale, when the forex market is observed
through the lens of ADV. Euronext FX’s ADV nosedived -5.7% between March and April
2022 from $USD 26 million to $USD 24 million.

Euronext’s monthly volume data does not provide context as to the causes of these declines. However, earlier in February, Finance Magnates reported that the group’s total monthly volumes on all products rose by +6.4% month-on-month.

On the other hand, individual equity futures saw the largest decline in that month as it went down by -46.1%.

The uncertainty following Russia’s invasion and the sanctions that followed led many traders to remain on the fence at the time.

The European New Exchange Technology (Euronext), a pan-European exchange group operating
regulated markets in Belgium, France, and Italy, among other countries, saw
major declines in its markets between March and April 2022.

The falls span the cash,
derivatives, and foreign exchange markets, according to the latest monthly volume data published by the group
on Friday.

The Cash Market

According to Euronext,
the transaction value of all buy and sell trades, including the values of reported
trades but minus fixed income, sank -42% from €391 million to €226 million
between March and April 2022. However, when compared to April 2021, there’s
just a slight difference that stands at a 0% change year-on-year (YoY).

In terms of daily
average, the average daily volume (ADV) of all buys and sell trades dropped by 30%
month-on-month (MoM) from €17,006 million to €11,900 million.

When considered based on the total number of transactions of buy and sell trades (minus fixed income
trades), total trades in the cash market fell by -40% from 113 million trades in March to 68 million trades in April.
However, if contrasted against April 2021’s record, there’s no significant
difference.

On the other hand, in terms of daily
average, the average daily volume (ADV) of buy and sell
trades declined by-27% between March April, falling from 4.9 million
to 3.6 million.

The Derivatives Market

Euronext’s derivatives
market declined by -26.6% to 14 million volumes (in lots) from 19.5 million
volumes recorded in March. On a YoY basis, however, the shortfall is a relatively marginal -6.6%.

These declines take into
consideration falls in the equity, index, individual equity, and commodity
sub-markets and across instrument types, futures and options.

While the index market
sank by -29.6% MoM, individual equity and commodity markets plummeted by -23.2% and -36.2% respectively.

Euronext FX

The forex spot volume of
Euronext FX, formerly known as FastMatch, also plunged by -13.9% to US$517 million
from $US600 million.

On the contrary, when
compared to the output in April last year, the forex spot market rose by +31.7%.

The same conditions are
obtainable, albeit on a smaller scale, when the forex market is observed
through the lens of ADV. Euronext FX’s ADV nosedived -5.7% between March and April
2022 from $USD 26 million to $USD 24 million.

Euronext’s monthly volume data does not provide context as to the causes of these declines. However, earlier in February, Finance Magnates reported that the group’s total monthly volumes on all products rose by +6.4% month-on-month.

On the other hand, individual equity futures saw the largest decline in that month as it went down by -46.1%.

The uncertainty following Russia’s invasion and the sanctions that followed led many traders to remain on the fence at the time.

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