Euronext Records Strong Listing and Trading Activity for the First-Half of 2014
Regulatory News:
Euronext (Paris:ENX) (Amsterdam:ENX) (Brussels:ENX) today releases its listing and trading volumes for the first six months of 2014. Euronext continued to assert its position as the largest Eurozone capital raising and equity trading centre, posting the strongest 6-month performance since the end of 2011.
Listings saw a marked increase in activity in the first half of 2014 with total capital raised on our markets of €57.6 billion compared to €53 billion in the same period last year. In particular, there was a substantial increase in capital raised through IPOs which amounted to €6.5 billion which already exceeds the €3.1 billion raised in IPOs over 2013 as a whole.
The increase in IPO activity across Euronext markets was driven largely by the return of large cap IPOs but also by a significant increase in IPOs from SMEs, in large part thanks to the EnterNext initiative. A total of eight large cap IPOs were completed compared to one for the same period last year and 23 SMEs IPOs were completed in the first half compared to 10 for the same period last year.
A total of €37bn was raised in fixed income instruments across Euronext markets, including the largest green bond to date for GDF Suez, raising €2.5 billion. In addition Euronext listed €5.95 billion of certificates of participations for Rabobank Nederland as well as €1.4 billion in hybrid bonds for KBC Group.
With 50 new ETF listings, Euronext was the only European exchange to grow its franchise over the period on a net basis. Our structured products business has grown to its highest ever level, with 35,230 structured products live at the end of June and the number of listings increasing by 47% vs 2013.
Cash markets saw a material increase in trading activity across the first half of 2014, with ADV for the period up 13% vs 2013, during which time Euronext experienced four of the ten highest volume traded days since 2012 and on 20 June, the strongest single day of trading in CAC40 constituents of €7.046 billion since 2012. Market share remains strong at 65% for the period.
Commodities ADV rose 17.4% and Euronext experienced the most active week ever in terms of volumes (from 3 March 2014 to 7 March 2014), with average daily 83,552 lots traded. The open interest stands at 750,000 lots, the highest level ever. Broadly in line with peers, ADV in financial futures and options declined by 9%. The CAC40 futures contract remains Europe’s most heavily traded national index future and the second most heavily traded index future overall.
About Euronext
Euronext is the primary exchange in the Euro zone with over 1 300 issuers worth €2.6 trillion in market capitalization, an unmatched blue chip franchise consisting of 20+ issuers in the EURO STOXX 50® benchmark and a strong diverse domestic and international client base.
Euronext operates regulated and transparent equity and derivatives markets. Its total product offering includes Equities, Exchange Traded Funds, Warrants & Certificates, Bonds, Derivatives, Commodities and Indices. Euronext also leverages its expertise of running markets by providing technology and managed services to third parties. Euronext operates regulated markets, Alternext and the Free Market: in addition it offers EnterNext, which facilitates SMEs’ access to capital markets.
Disclaimer
This press release is for information purposes only and is not a recommendation to engage in investment activities. This press release is provided “as is” without representation or warranty of any kind. Whilst all reasonable care has been taken to ensure the accuracy of the content, Euronext does not guarantee its accuracy or completeness. Euronext will not be held liable for any loss or damages of any nature ensuing from using, trusting or acting on information provided. No information set out or referred to in this publication may be regarded as creating any right or obligation. The creation of rights and obligations in respect of financial products that are traded on the exchanges operated by Euronext’s subsidiaries shall depend solely on the applicable rules of the market operator. All proprietary rights and interest in or connected with this publication shall vest in Euronext.
This press release speaks only as of this date. Euronext refers to Euronext N.V. and its affiliates. Information regarding trademarks and intellectual property rights of Euronext is located at https://www.euronext.com/terms-use.
© 2014, Euronext N.V. - All rights reserved.
| European Cash Market Monthly Activity | ||||||||||||||||||||||
| June 2014 | May 2014 | June 2013 | Q2 2014 | Q2 2013 | YTD 2014 | YTD 2013 | ||||||||||||||||
| Nb trading days | 21 | 21 | 20 | 62 | 63 | 125 | 125 | |||||||||||||||
| NUMBER OF TRANSACTIONS (Buy and sells) (reported trades included) | ||||||||||||||||||||||
| June 2014 | May 2014 | Change % MOM | June 2013 | Change % YOY | Q2 2014 | Q2 2013 | Change % | Jan 2014 till June 2014 | Jan 2013 till June 2013 | Change % | ||||||||||||
| Total Cash Market (shares, warrants, trackers, bonds...) | 28 603 064 | 29 487 242 | -3% | 30 320 778 | -5,7% | 87 296 066 | 92 600 470 | -5,7% | 187 738 528 | 178 019 850 | 5,5% | |||||||||||
| TRANSACTION VALUE ( € million - Single counted) | ||||||||||||||||||||||
| Eur million | June 2014 | May 2014 | Change % MOM | June 2013 | Change % YOY | Q2 2014 | Q2 2013 | Change % | Jan 2014 till June 2014 | Jan 2013 till June 2013 | Change % | |||||||||||
| Total Cash Market (shares, warrants, trackers, bonds...) | 125 382,8 | 129 289,2 | -3,0% | 119 577,6 | 4,9% | 386 044 | 371 973 | 3,8% | 810 515,7 | 719 033,9 | 12,7% | |||||||||||
| INDICES | ||||||||||||||||||||||
| Index value 30/06/'14 | Index value 31/05/'14 | Change % MOM | Index value 31/12/'13 | Change % YTD | ||||||||||||||||||
| N100 | 840,88 | 852,19 | -1,3% | 809,95 | 3,8% | |||||||||||||||||
| N150 | 2 092,0 | 2 151,3 | -2,8% | 1 910,8 | 9,5% | |||||||||||||||||
| Alternext Index | 1 041,2 | 1 016,4 | 2,4% | 865,2 | 20,3% | |||||||||||||||||
| PEA Index | 1 250,04 | 1 296,59 | -3,6% | 1 083,47 | 15,4% | |||||||||||||||||
| LISTINGS | ||||||||||||||||||||||
| Number of Issuers | ||||||||||||||||||||||
| June 2014 | May 2014 | Change % MOM | June 2013 | Change % YOY | December 2013 | Change % | ||||||||||||||||
| EURONEXT (Euronext, Alternext and Free Market) | 1 305 | 1 307 | -0,2% | 1 316 | -0,8% | 1304 | 0,1% | |||||||||||||||
| EnterNext | 741 | 739 | 0,3% | 747 | -0,8% | 749 | -1,1% | |||||||||||||||
| EURONEXT (Euronext, Alternext) | ||||||||||||||||||||||
| CAPITAL RAISED on Equities on Primary and Secondary Market | ||||||||||||||||||||||
| (mln of €) | ||||||||||||||||||||||
| June 2014 | May 2014 | Change % MOM | June 2013 | Change % YOY | Q2 2014 | Q2 2013 | Change % | Jan 2014 till June 2014 | Jan 2013 till June 2013 | Change % | ||||||||||||
| Nb New Listings | 11 | 4 | 6 | 26 | 12 | 34 | 15 | |||||||||||||||
| Money Raised IPO | 4 049 | 21 | > 500 % | 880 | 360,01% | 4 311 | 924 | 366,40% | 6 449 | 929 | 593,99% | |||||||||||
| Follow-ons | 7 371 | 2 584 | 185,3% | 5 648 | 30,50% | 11 602 | 13 538 | -14,30% | 14 137 | 16 680 | -15,25% | |||||||||||
| of which ENTERNEXT | ||||||||||||||||||||||
| CAPITAL RAISED on Equities on Primary and Secondary Market | ||||||||||||||||||||||
| (mln of €) | ||||||||||||||||||||||
| June 2014 | May 2014 | Change % MOM | June 2013 | Change % YOY | Q2 2014 | Q2 2013 | Change % | Jan 2014 till June 2014 | Jan 2013 till June 2013 | Change % | ||||||||||||
| Nb New Listings | 5 | 4 | 4 | 20 | 8 | 25 | 9 | |||||||||||||||
| Money Raised IPO | 94 | 21 | 339,9% | 68 | 38,48% | 338 | 112 | 201,39% | 550 | 117 | 369,56% | |||||||||||
| Follow-ons | 1 097 | 54 | 1913,5% | 254 | 331,49% | 1 742 | 923 | 88,75% | 2 168 | 3 704 | -41,46% | |||||||||||
| European Derivatives Market Monthly Activity | ||||||||||||||||||||||||||
| June 2014 | May 2014 | June 2013 | Q2 2014 | Q2 2013 | YTD 2014 | YTD 2013 | ||||||||||||||||||||
| Nb trading days | 21 | 21 | 20 | 62 | 63 | 125 | 125 | |||||||||||||||||||
| Volume (in lots) | ||||||||||||||||||||||||||
| June 2014 | May 2014 | Change % MOM | June 2013 | Change % YOY | Q2 2014 | Q2 2013 | Change % | Jan 2014 till June 2014 | Jan 2013 till June 2013 | Change % | ||||||||||||||||
| Equity | 9 741 646 | 10 052 602 | -3% | 11 389 784 | -14% | 29 883 853 | 35 297 216 | -15% | 65 394 277 | 73 068 254 | -10,5% | |||||||||||||||
| Index | 4 484 832 | 4 367 289 | 3% | 6 191 993 | -28% | 14 012 827 | 17 888 583 | -22% | 31 187 669 | 34 283 760 | -9,0% | |||||||||||||||
| Futures | 3 344 733 | 3 327 070 | 1% | 4 440 791 | -25% | 10531621 | 13219642 | -20% | 23 057 822 | 25 325 887 | -9,0% | |||||||||||||||
| Options | 1 140 099 | 1 040 219 | 10% | 1 751 202 | -35% | 3481206 | 4668941 | -25% | 8 129 847 | 8 957 873 | -9,2% | |||||||||||||||
| Individual Equity | 5 256 814 | 5 685 313 | -8% | 5 197 791 | 1% | 15 871 026 | 17 408 633 | -9% | 34 206 608 | 38 784 494 | -11,8% | |||||||||||||||
| Futures | 17 176 | 19 | >500% | 11 | >500% | 17212 | 236 | >500% | 17 352 | 342 | >500% | |||||||||||||||
| Options | 5 239 638 | 5 685 294 | -8% | 5 197 780 | 1% | 15853814 | 17408397 | -9% | 34 189 256 | 38 784 152 | -11,8% | |||||||||||||||
| Commodity | 698 932 | 750 982 | -7% | 699 653 | 0% | 2 377 770 | 2 117 491 | 12% | 5 556 272 | 4 730 852 | 17,4% | |||||||||||||||
| Futures | 577 831 | 606 353 | -5% | 559 783 | 3% | 1969419 | 1786379 | 10% | 4 617 518 | 3 973 956 | 16,2% | |||||||||||||||
| Options | 121 101 | 144 629 | -16% | 139 870 | -13% | 408351 | 331112 | 23% | 938 754 | 756 896 | 24,0% | |||||||||||||||
| Other | 5 195 | 5 763 | -10% | 14 615 | -64% | 16 798 | 50 913 | -67% | 37 475 | 122 510 | -69,4% | |||||||||||||||
| Futures | 0 | 1 | 138 | 2 | 281 | -99% | 7 | 1 168 | -99,4% | |||||||||||||||||
| Options | 5 195 | 5 762 | -10% | 14 477 | -64% | 16796 | 50632 | -67% | 37 468 | 121 342 | -69,1% | |||||||||||||||
| Total Futures | 3 939 740 | 3 933 443 | 0% | 5 000 723 | -21% | 12 518 254 | 15 006 538 | -17% | 27 692 699 | 29 301 353 | -5,5% | |||||||||||||||
| Total Options | 6 506 033 | 6 875 904 | -5% | 7 103 329 | -8% | 19 760 167 | 22 459 082 | -12% | 43 295 325 | 48 620 263 | -11,0% | |||||||||||||||
| Total Euronext | 10 445 773 | 10 809 347 | -3% | 12 104 052 | -14% | 32 278 421 | 37 465 620 | -14% | 70 988 024 | 77 921 616 | -8,9% | |||||||||||||||
| Open Interest | ||||||||||||||||||||||||||
| June 2014 | May 2014 | June 2013 | ||||||||||||||||||||||||
| Equity | 13 716 297 | 15 970 372 | 16 420 794 | |||||||||||||||||||||||
| Index | 1 090 567 | 1 253 124 | 1 163 824 | |||||||||||||||||||||||
| Futures | 497 749 | 538 201 | 425 249 | |||||||||||||||||||||||
| Options | 592 818 | 714 923 | 738 575 | |||||||||||||||||||||||
| Individual Equity | 12 625 730 | 14 717 248 | 15 256 970 | |||||||||||||||||||||||
| Futures | 0 | 50 | 0 | |||||||||||||||||||||||
| Options | 12 625 730 | 14 717 198 | 15 256 970 | |||||||||||||||||||||||
| Commodity | 747 342 | 641 133 | 618 847 | |||||||||||||||||||||||
| Futures | 336 403 | 274 852 | 288 692 | |||||||||||||||||||||||
| Options | 410 939 | 366 281 | 330 155 | |||||||||||||||||||||||
| Other | 9 496 | 10 266 | 12 561 | |||||||||||||||||||||||
| Futures | 0 | 1 | 123 | |||||||||||||||||||||||
| Options | 9 496 | 10 265 | 12 438 | |||||||||||||||||||||||
| Total Futures | 834 152 | 813 104 | 714 064 | |||||||||||||||||||||||
| Total Options | 13 638 983 | 15 808 667 | 16 338 138 | |||||||||||||||||||||||
| Total Euronext | 14 473 135 | 16 621 771 | 17 052 202 | |||||||||||||||||||||||
Media
Caroline Nico, +33 1 49 27 10 74
cnico@euronext.com
or
Analysts & investors
Stéphanie Bia, +33 1 49 27 12 68
sbia@euronext.com