Euronext Announces Strongest Six Month Trading and Listing Activity

Euronext Announces Strongest Six Month Trading and Listing Activity since 2011

03/07/2015 - 7:30AM CEST

Regulatory News :

Euronext (Paris:ENX) (Amsterdam:ENX) (Brussels:ENX), the leading exchange in the Eurozone, today announced trading volumes for June 2015 and enterprise-wide activity for the first half year. During the first six months of 2015, Euronext continued to assert its position as the largest Eurozone financing centre, posting the strongest six-month performance since the end of 2011 supported by favourable economic conditions.

The June 2015 average daily transaction value on the Euronext cash order book stood at €9,202 million (+54% compared with June 2014). Activity on ETFs remained particularly dynamic last month with an average daily transaction value at €587 million, up 106% compared to June 2014.
Cash markets saw a material increase in trading activity across the first half of 2015, with an average daily transaction value for the period up 35% vs 2014. During this period, Euronext experienced three of the ten highest volume traded days since January 2012, and on 20 March the strongest single day of trading cash products of €18 billion since the same date. In the meantime, the continued focus on nurturing domestic market share meant it returned to 65% for the month of June in a highly competitive environment.
With 38 new ETF listings, Euronext continued to grow its franchise over the first half year and to innovate with the first money market ETF denominated in RMB listed on its markets. Assets under management reached a new record on Euronext with €279.4 billion (+74% compared to the end of last year). Euronext also experienced eight out of the ten highest volumes days since January 2012 and on 23 January the strongest single day of trading ETF over the period. Our warrants-certificates business has grown to its highest ever level, with 45,700 structured products live at the end of June and the number of listings increasing by 48% compared to the same period last year.
In June, the average daily volume on equity index derivatives was up at 286,072 contracts (+34% compared with June 2014), and the average daily volume on individual equity derivatives was down at 242,657 contracts (-3.1% compared with June 2014). On 23 June we reached a yearly record high on French individual equity option at 315,050 contracts, it was the second most active day since January 2014. The CAC40 futures contract remains Europe’s most heavily traded national index future and the second most heavily traded index future overall.
Activity on commodity derivatives was up 83% in June 2015 when compared to June 2014, with an average daily volume of 60,796 contracts traded which was largely due to adverse weather conditions in both Western Europe and in the Midwest Plains resulting in higher volatility for grains. Key growth milestones were reached on 15 June 2015 in the rapeseed meal complex reflecting early traction in this contract. This brings year-to-date volume slightly above 52,700 contracts (+19% compared to 2014 YTD).
Over the first half of 2015, derivatives markets trading activity remained broadly flat vs 2014, with an average daily volume for the period of 547,586 contracts traded (-3.6% compared to 2014 YTD), while the second quarter was particularly dynamic with volumes increasing by 5% compared to Q2-2014. The agreement made at the end of 2014 with online broker DEGIRO for the Euronext retail investor activities in Amsterdam continued to deliver benefits.
In June 2015, Euronext had eight new listings, of which five were EnterNext SMEs, that altogether raised €2,057 million. In addition, €4.0 billion was raised in corporate bonds and €5.8 billion of follow-on equity.
Listings saw a marked increase in activity in the first half of 2015 with total capital raised on our markets of €61.7 billion compared to €57.8 billion in the same period last year. The IPO activity across Euronext markets was driven by both large cap IPOs with eight operations of which five were IPOs (GranVision, Refresco, Elis, SPIE and Europcar) and three were technical listings (CNova, Klepierre and IFF) with a total of €4.1 bn raised and a total market capitalization at listing of €16.5bn; and by IPOs from SMEs, in large part thanks to the continued success of our EnterNext initiative with twenty transactions reaching €797 million raised (+45% compared to the same period last year). In addition, total capital raised through follow-on equity increased by 47% during the first half year compared to the same period last year.

Please see tables for the month of June attached

About Euronext
Euronext is the primary exchange in the Euro zone with more than 1 300 issuers worth €3.2 trillion in market capitalisation, an unmatched blue-chip franchise consisting of 24 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 in 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. While 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 www.euronext.com/terms-use.
© 2015, Euronext N.V. - All rights reserved.

European Cash Market Monthly Activity

	Jun 15	May 15		Jun 14		Q2 2015	Q2 2014		YTD 2015	YTD 2014
Nb trading days	22	20		21		62	62		125	125

NUMBER OF TRANSACTIONS (Buy and sells) (reported trades included)
	Jun 15	May 15	Change % MOM	Jun 14	Change % YOY	Q2 2015	Q2 2014	Change %	YTD 2015	YTD 2014	Change % YTD


Total Cash Market *	42 653 082	34 067 238	25%	28 603 064	49,1%	114 632 992	87 296 066	31,3%	234 097 786	187 738 528	24,7%

ADV Cash Market *	1 938 776	1 703 362	14%	1 362 051	42,3%	1 848 919	1 408 001	31,3%	1 872 782	1 501 908	24,7%

* (shares, warrants, trackers, bonds...)

TRANSACTION VALUE ( € million - Single counted)
Eur million	Jun 15	May 15	Change % MOM	Jun 14	Change % YOY	Q2 2015	Q2 2014	Change %	YTD 2015	YTD 2014	Change % YTD


Total Cash Market *	202 454,0	160 378,4	26,2%	125 382,8	61,5%	544 246	386 044	41,0%	1 091 028,2	810 515,7	34,6%

ADV Cash Market *	9 202,5	8 018,9	14,8%	5 970,6	54,1%	8 778	6 227	41,0%	8 728,2	6 484,1	34,6%

* (shares, warrants, trackers, bonds...)

INDICES
	Jun 15	May 15	Change % MOM	Dec 14	Change % YTD
N100	940,56	983,52	-4,4%	839,52	12,0%
N150	2 334,8	2 444,3	-4,5%	2 042,2	14,3%
AEX	472,6	493,6	-4,3%	424,5	11,3%
BEL 20	3 574,7	3 708,7	-3,6%	3 285,3	8,8%
CAC 40	4 790,2	5 007,9	-4,3%	4 272,8	12,1%
PSI 20	5 551,9	5 839,5	-4,9%	4 799,0	15,7%


Number of Euronext listed Exchange traded Products (ETPs)
	Jun 15	May 15	Change % MOM	Jun 14	Change % YTD
AEX	2 396	2 443	-1,9%	1 225	95,6%
BEL 20	135	143	-5,6%	107	26,2%
CAC 40	4 916	5 123	-4,0%	3 716	32,3%
PSI 20	92	109	-15,6%	95	-3,2%


LISTINGS
Number of Issuers
	Jun 15	May 15	Change % MOM	Jun 14	Change % YOY	December 2014	Change %

EURONEXT **	1 312	1 304	0,6%	1 302	0,8%	1303	0,7%

EnterNext	722	719	0,4%	741	-2,6%	727	-0,7%

**(Euronext, Alternext and Free Market)

EURONEXT (Euronext, Alternext)
CAPITAL RAISED on Equities on Primary and Secondary Market
(mln of €)
	Jun 15	May 15	Change % MOM	Jun 14	Change % YOY	Q2 2015	Q2 2014	Change %	YTD 2015	YTD 2014	Change % YTD
Nb New Listings	8	2		11		14	24		28	30

Money Raised New Listings	2 057	110	1768,0%	4 243	-51,51%	2 297	4 505	-49,0%	4 934	6 642	-25,73%

Follow-ons on Equities	5 850	3 540	65,2%	7 371	-20,63%	10 676	11 602	-8,0%	20 922	14 137	48,00%

Follow-ons on Corporate Bonds	4 043	540	648,8%	8 347	-51,56%	8 740	17 729	-50,7%	35 810	37 062	-3,38%

Total Money Raised *	11 951	4 190	185,2%	19 961	-40,13%	21 714	33 835	-35,8%	61 665	57 841	6,61%


of which ENTERNEXT
CAPITAL RAISED on Equities on Primary and Secondary Market
(mln of €)
	Jun 2015	May 2015	Change % MOM	Jun-14	Change % YOY	Q2 2015	Q2 2014	Change %	YTD 2015	YTD 2014	Change % YTD
Nb New Listings	5	1		5		10	17		20	21

Money Raised New Listings	239	110	117,0%	94	153,07%	478	338	41,4%	797	550	44,89%

Follow-ons on Equities	657	517	27,2%	1 097	-40,05%	1 205	1 742	-30,8%	2 777	2 168	28,05%

Follow-ons on Corporate Bonds	197	225	-12,5%	429	-54,11%	427	916	-53,4%	893	1 329	-32,80%

Total Money Raised *	1 093	852	28,4%	1 620	-32,52%	2 110	2 996	-29,6%	4 467	4 048	10,35%

* included New Listing, Follow-ons on Equities, Follow-ons on Corporate Bonds

European Derivatives Market Monthly Activity

			Jun-15	May-15		Jun-14		Q2 2015	Q2 2014		YTD 2015	YTD 2014
Nb trading days			22	20		21		62	62		125	125

Volume (in lots)
			Jun 2015	May 2015	Change % MOM	Jun-14	Change % YOY	Q2 2015	Q2 2014	Change %	Jan 2015 till Jun 2015	Jan 2014 till Jun 2014	Change % YTD
Equity			11 632 049	8 909 739	31%	9 741 646	19,4%	30 303 631	29 883 853	1%	61 771 160	65 394 277	-5,5%

	Index		6 293 589	4 631 525	36%	4 484 832	40,3%	15 958 953	14 012 827	14%	31 964 355	31 187 669	2,5%
		Futures	4 816 989	3 666 575	31%	3 344 733	44,0%	12400797	10531621	18%	24 549 271	23 057 822	6,5%
		Options	1 476 600	964 950	53%	1 140 099	29,5%	3558156	3481206	2%	7 415 084	8 129 847	-8,8%

	Individual Equity		5 338 460	4 278 214	25%	5 256 814	1,6%	14 344 678	15 871 026	-10%	29 806 805	34 206 608	-12,9%
		Futures	24 992	15 361	63%	17 176	45,5%	42047	17212	144%	49 240	17 352	183,8%
		Options	5 313 468	4 262 853	25%	5 239 638	1,4%	14302631	15853814	-10%	29 757 565	34 189 256	-13,0%


Commodity			1 337 507	940 302	42%	698 932	91,4%	3 449 075	2 377 770	45%	6 594 518	5 556 272	18,7%
		Futures	1 018 939	745 659	37%	577 831	76,3%	2782102	1969419	41%	5 427 412	4 617 518	17,5%
		Options	318 568	194 643	64%	121 101	163,1%	666973	408351	63%	1 167 106	938 754	24,3%


Other			6 043	12 514	-52%	5 195	16,3%	28 079	16 798	67%	82 620	37 475	120,5%
		Futures	0	0		0		0	2		0	7
		Options	6 043	12 514	-52%	5 195	16,3%	28079	16796	67%	82 620	37 468	120,5%


Total Futures			5 860 920	4 427 595	32%	3 939 740	48,8%	15 224 946	12 518 254	22%	30 025 923	27 692 699	8,4%
Total Options			7 114 679	5 434 960	31%	6 506 033	9,4%	18 555 839	19 760 167	-6%	38 422 375	43 295 325	-11,3%

Total Euronext			12 975 599	9 862 555	32%	10 445 773	24,2%	33 780 785	32 278 421	5%	68 448 298	70 988 024	-3,6%



ADV (in lots)
			Jun 2015	May 2015	Change % MOM	Jun-14	Change % YOY	Q2 2015	Q2 2014	Change %	Jan 2015 till Jun 2015	Jan 2014 till Jun 2014	Change % YTD
Equity			528 730	445 487	19%	463 888	14,0%	488 768	481 998	1%	494 169	523 154	-5,5%

	Index		286 072	231 576	24%	213 563	34,0%	257 402	226 013	14%	255 715	249 501	2,5%
		Futures	218 954	183 329	19%	159 273	37,5%	200 013	169 865	18%	196 394	184 463	6,5%
		Options	67 118	48 248	39%	54 290	23,6%	57 390	56 148	2%	59 321	65 039	-8,8%

	Individual Equity		242 657	213 911	13%	250 324	-3,1%	231 366	255 984	-10%	238 454	273 653	-12,9%
		Futures	1 136	768	48%	818	38,9%	678	278	144%	394	139	183,8%
		Options	241 521	213 143	13%	249 507	-3,2%	230 688	255 707	-10%	238 061	273 514	-13,0%


Commodity			60 796	47 015	29%	33 282	82,7%	55 630	38 351	45%	52 756	44 450	18,7%
		Futures	46 315	37 283	24%	27 516	68,3%	44 873	31 765	41%	43 419	36 940	17,5%
		Options	14 480	9 732	49%	5 767	151,1%	10 758	6 586	63%	9 337	7 510	24,3%


Other			275	626	-56%	247	11,0%	453	271	67%	661	300	120,5%
		Futures	0	0		0		0	0		0	0
		Options	275	626	-56%	247	11,0%	453	271	67%	661	300	120,5%


Total Futures			266 405	221 380	20%	187 607	42,0%	245 564	201 907	22%	240 207	221 542	8,4%
Total Options			323 395	271 748	19%	309 811	4,4%	299 288	318 712	-6%	307 379	346 363	-11,3%

Total Euronext			589 800	493 128	20%	497 418	18,6%	544 851	520 620	5%	547 586	567 904	-3,6%



Open Interest
			Jun-15	May-15	Change % MOM	Jun-14	Change % YOY
Equity			12 781 132	13 806 031	-7%	13 716 297	-7%

	Index		1 061 094	1 214 035	-13%	1 090 470	-2,7%
		Futures	446 997	536 459	-17%	497 652	-10,2%
		Options	614 097	677 576	-9%	592 818	3,6%

	Individual Equity		11 720 038	12 591 996	-7%	12 625 827	-7,2%
		Futures	30 860	18 722	65%	97	>500%
		Options	11 689 178	12 573 274	-7%	12 625 730	-7,4%


Commodity			825 804	680 547	21%	747 342	10,5%
		Futures	400 537	357 919	12%	336 403	19,1%
		Options	425 267	322 628	32%	410 939	3,5%


Other			4 614	5 114	-10%	9 496	-51,4%
		Futures	0	0		0
		Options	4 614	5 114	-10%	9 496	-51,4%


Total Futures			878 394	913 100	-4%	834 152	5,3%
Total Options			12 733 156	13 578 592	-6%	13 638 983	-6,6%

Total Euronext			13 611 550	14 491 692	-6%	14 473 135	-6,0%

View source version on businesswire.com: http://www.businesswire.com/news/home/20150702005636/en/

Euronext
Caroline Nico (Europe): +33 1 70 48 24 41
cnico@euronext.com
or
Alice Jentink (Amsterdam): +31 20 721 4488
ajentink@euronext.com
or
Pascal Brabant (Brussels): +32 2 620 15 50
pbrabant@euronext.com
or
Sandra Machado (Lisbon): +351 217 900 029
smachado@euronext.com
or
Aichata Tandjigora (Paris): +33 1 70 48 24 43
atandjigora@euronext.com