Euronext has experienced positive earnings in the second quarter of this year, attributed to strong performance of trading and post-trade activities as a result of dynamic trading environments.
Stephane Boujnah
The trading venue saw Q2 2024 revenue and income increase 12.2% when compared to the same period last year, totalling €412.9 million.
Overall trading revenue grew 20.7% to €142.7 million year-on-year, driven by increases in revenue across all trading segments compared to Q2 2023.
Fixed income trading saw the most significant increase in revenues, up 40.7% year-on-year and totalling €35.6 million.
Euronext’s fixed income trading volumes achieved record quarterly volumes at MTS, which the trading venue attributed to an economic environment favouring money markets, sustained sovereign issuance activities and supportive volatility.
FX trading also showed promise, with a reported revenue of €7.9 million, up 28.7% -thanks to a favourable volatility environment, according to Euronext.
Similarly, cash trading and derivatives trading both saw year-on-year revenue increase; up 13.8% and 6.6%, amounting to €74.2 million and €13.9 million, respectively.
Euronext stated that cash trading revenues were supported by increased volatility, while derivatives trading reflected higher trading volumes for equity, index and commodity derivatives.
Elsewhere, within Euronext’s post-trade business, total revenues were up 16.9% year-on-year, achieving €108.9 million.
Contributing to this, clearing as well as custody and settlement figures were up 33.2% (€39.2 million) and 9.4% (€69.7 million), respectively.
Euronext’s Q2 2024 results follow a strong Q1 for the trading venue where trading revenues grew 7.4% year-on-year, driven by strong results within its fixed income and power trading segments.
Read more: Euronext sees Q1 trading venues rise despite declines in cash and derivatives
“Strong organic growth in our non-volume related businesses, combined with dynamic trading activities across asset classes drove the Group’s revenue growth to +12.2%,” said Stéphane Boujnah, chief executive and chair of the managing board at Euronext.