The FINANCIAL — Euronext on April 4 announced trading volumes for March 2016.
In March 2016, the average daily transaction value on the Euronext cash order book stood at €7,633 million (-16.3% compared with March 2015). This is largely the result of lighter trading activity during the last two weeks of March due to the Easter holiday occurring one month earlier than 2015. Activity on ETFs continued to progress during March, with an average daily transaction value of €617 million, up +1.2% compared to March 2015, and 10 new listings over the course of the month, thus enlarging our ETF offering to 757 listings. 18 March 2016 saw a new daily transaction value high of 2016 of €15,429 million, as a result of the derivatives expiry and blue chip indices quarterly rebalancing, according to Euronext.
During this first quarter, the average daily transaction value on the Euronext cash order book decreased by -4.4% compared to Q1 2015, while the daily average number of transactions increased by +12.4% compared to the same quarter. Please note that Q1 2016 saw only 62 trading days as a result of the early Easter holiday, while Q1 2015 had 63.
Average daily volume (ADV) on individual equity derivatives was up +3.2% at 253,399 contracts during the first quarter of 2016, while the March ADV on these products remained flat at 232,826 contracts (+0.3% compared with March 2015). Quarterly ADV on equity index derivatives decreased by -3.2% at 245,824 contracts. The average daily volume in March on equity index derivatives was down -7.5% compared with March 2015.
In March 2016, the average daily volume on commodities derivatives increased by +38.4% compared to March 2015, with an ADV of 60,988 contracts. Quarterly average daily volume on commodities derivatives was up +27% compared with Q1 2015 at 63,398 contracts.
During this first quarter, the average daily volume on Euronext derivatives was 562,903 contracts (+2.3% compared with Q1 2015) and the total open interest increased by +4.9% to 13,900,164 contracts.
During March 2016, €5.5 billion was raised on Euronext in corporate bonds and €2.4 billion in follow-on equity. The current market conditions significantly slowed worldwide IPO activity during Q1 2016, which was the weakest first quarter since 2009.
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