Euronext Single Stock and CAC 40 Index Options off to a strong start in Q1 2025
Euronext’s financial derivatives markets continued to demonstrate robust growth in Q1 2025, particularly in Single Stock Options trading. Volumes rose to 22 million contracts, marking a 23% increase year to date, and building on the strong gains seen in 2024.
This sustained momentum was powered by strong performances across key markets - Paris, Amsterdam, and Milan - each contributing to the dynamic and balanced growth of Euronext’s pan-European options offering. Euronext Paris led the way with a notable surge in volumes, while Euronext Amsterdam and Euronext Milan posted steady gains, confirming a renewed appetite for equity derivatives among market participants.
In addition, CAC 40 Index Options recorded exceptional growth in Q1 2025, with volumes up by 160.2%. This outstanding performance builds on sustained activity since mid-2024, notably during politically driven peaks in June and July. Growth was further supported by the successful launch of Daily Options on the CAC 40 Index in February 2024.
The analysis below provides a breakdown of activity and rankings per market, highlighting key drivers, sector contributions, and standout performers in Euronext's Single Stock Options volumes for Q1 2025. It also includes record activity in CAC 40 Index Options.
Overall activity overview
In Q1 2025, Single Stock Options volumes reached 22 million contracts, representing a 23% increase year to date. This growth continues the strong upward trend observed in 2024, which recorded an 19% increase compared to 2023.
This growth was largely driven by the Euronext Paris market, which saw a notable 22% increase in traded volumes in Q1 2025 compared to the same period last year. Euronext Amsterdam and Euronext Milan also contributed to the positive trend, with steady increases of 4%, respectively.
Over the last quarter, Euronext Paris accounted for 42% of the activity on Single Stock Options, highlighting its strong performance. Euronext Amsterdam maintained a solid 40% share, while Euronext Milan contributed with a stable 18%, reflecting a well-balanced distribution across the key markets.
Euronext Paris volumes and rankings
In 2024, trading activity in Paris was significantly stimulated by political events and market uncertainty, particularly between June and November. This upward trend continued into Q1 2025, with 8.7 million contracts traded.
The average daily volume increased from 107,100 before June 2024 to 125,300 between June and December 2024, reflecting a 17% rise. June and November notably exhibited significant trading volumes.
This growth was supported by strong activity across key sectors such as banking, infrastructure, and energy. Notable contributors included STMicroelectronics, which saw a 127% year-on-year increase, followed by Renault (+96%), Stellantis (+81%), Orange (+75%), and Engie (+61%).
Euronext Amsterdam volumes and rankings
The Euronext Amsterdam market is showing encouraging signs of renewed activity, with a clear rebound in recent months. In particular, volumes increased by 38% between Q4 2024 and Q1 2025, returning to levels comparable to early 2024. This positive trend reflects improving market conditions and growing investor engagement.
Several key stocks contributed to the strong performance of the Amsterdam market in 2024, including Aegon, which posted an impressive 50% increase, and ASML Holding, up 18% over the year.
Euronext Milan volumes and rankings
Euronext Milan recorded strong growth in Q1 2025, with Single Stock Options volumes rising by 58% compared to the previous quarter. Activity reached levels comparable to Q1 2024, highlighting renewed engagement in the Italian equity derivatives market.
CAC 40 Index Options: record activity
Regarding Index Options, the CAC 40 Index Options recorded an outstanding performance in Q1 2025, with volumes surging by an impressive 160%.
Growth continued in March 2025, building on the strong dynamics observed in mid-2024, especially during the politically driven peaks of June and July 2024 and was further supported by the successful launch of Daily Options on the CAC 40 Index last February 2024.
April 2025