forex forum binary options trade - Forex - Euronext Returns Flat Spot FX Trading Revenue in Q3 2022
  • Welcome to forex forum binary options trade. Please login or sign up.

Euronext Returns Flat Spot FX Trading Revenue in Q3 2022

Started by forex4you, Nov 05, 2022, 03:11 am

Previous topic - Next topic

0 Members and 1 Guest are viewing this topic.


Euronext Returns Flat Spot FX Trading Revenue in Q3 2022

<p class="MsoNormal">The
European New Exchange Technology (Euronext), a Pan-European exchange, returned
a flat revenue from its spot forex marketplaces at the end of the third quarter
of 2022.  The
exchange's revenue from the market came in at €7.3 million, which is <a href="">the same result</a> posted at the end of the second quarter
of the year. However, compared to Q3 2021, the revenue represents a 30.1% jump.</p><p class="MsoNormal">Euronext,
which operates regulated markets in Belgium, France, and Italy, among other
countries, disclosed these numbers in its Q3 2022 results shared with Finance
Magnates on Thursday. The exchange's carried-over revenue comes as Euronext FX's total spot trading
volumes <a href="" target="_blank">dropped -7%</a> in Q3 2022 but improved by 24.2% when compared to Q3 2021. The spot forex volumes for Q3 2022 came in at $1.44 trillion.
</p><p class="MsoNormal">Additionally, the average daily volume of the market slumped -8% to $21.74
billion during the third quarter. </p><p class="MsoNormal">"Euronext
FX trading volumes and revenue benefited from the continued positive momentum
with heightened volatility, geographic expansion and product diversification,"
<a href="" target="_blank">Euronext</a> said.</p><p class="MsoNormal">"Over
the third quarter of 2022, average daily volumes of USD 21.7 billion were
recorded, up +24.2% compared to Q3 2021. On a like-for-like basis at constant
currencies, FX trading revenue was up +11.2% in Q3 2022 compared to Q3 2021,"
the Pan-European exchange added.</p><p class="MsoNormal">Broader
Market Revenue </p><p class="MsoNormal">Meanwhile,
Euronext's trading revenues from its cash, derivatives, fixed income and power
trading marketplaces (spot forex market included) dropped -9% to €117.8 billion in the third quarter. During the second quarter, the figure came in at €129.2 billion.</p><p class="MsoNormal">Similarly,
when compared to the same quarter in 2021, the total revenue from these
marketplaces in Q3 2022 dropped -5.2% as the figure came in at €124.2 billion last year. </p><blockquote class="twitter-tweet"><p dir="ltr" lang="en">Our Q3 results demonstrated the robustness of our business modelWe are happy to report strong adjusted EBITDA and adjusted net income and to have confirmed our leading position in equity listing in Europe and as the main trading venue in EuropeReport: <a href=""></a> <a href=""></a></p>-- Euronext (@euronext) <a href="">November 3, 2022</a></blockquote><p class="MsoNormal">"This
third quarter of 2022 demonstrated the robustness of Euronext's diversified
business model in a more challenging trading environment," Stéphane Boujnah, the Chief
Executive Officer and Chairman of the Managing Board of Euronext, noted.</p><p class="MsoNormal">"We recorded strong
growth in our non-volume related activities, as well as good performance of
derivatives, FX and power trading activities," Boujnah added.</p>

This article was written by Solomon Oladipupo at

Source: Euronext Returns Flat Spot FX Trading Revenue in Q3 2022
Forex4you offers wide range of trading accounts with DDE, NDDE and STP executions including more than 100 instruments. Forex4you is based on MetaTrader 4 trading platform. Clients have the advantage of daily technical and fundamental analysis, one-click trading, economic calendar, mobile trading applications, news and forecasts from Dow Jones (UK) and signals from Trading Central (US). In addition, Forex4you offers Forex dictionary, educational materials and lot of "How to" guides about Forex. Forex  beginners-guide-to-iq-option-complete-review forex4you review forex4you Forex4you Review - One of the Best Forex Brokers Forex4you Review - One of the Best Forex Brokers forex4you - PAMM forex broker review and feedback from traders  Affiliate programs  Forex4you Affiliate programs