Euronext has announced its financial reports for the third quarter of 2021, recording a 71.2% increase in revenues and income for the period.
The trading venue operators stated that it recorded €350.6 million as its revenues and incomes for the third quarter. The report also revealed that Borsa Italiana Group contributed €121.1 million of the entire revenue.
Double-Digit Growth In MTS Cash Trading
Trading volumes also showed an impressive rise to €124.2 million due to high yield and increased cash equity volumes.
Additionally, the firm recorded double-digit growth in its MTS cash trading activities, as it recorded a €23.8 million increase in fixed-income trading revenue.
Post-trade revenue rose to €83.1 million after consolidating Monte Titoli and CC&G, which impacted the normalized retail activities in the Nordic CSDs.
Also, settlement revenue and custody growth in the Nordic CSDs increased but were still lesser than the volume in its previous quarters. However, the firm recorded €27.5 million in revenue from clearing, as well as €12.9 million in treasury income.
Excluding acquisition and divestment costs, the company recorded a total of €54.8 million as its operating income. But adding the integration costs and consolidation of acquisition-related costs on the Borsa Italiana Group, the figure grew to €147.6 million.
Euronext Recorded Lower Volume For July
The Q2 results in July, reported by the company, show that revenue from spot forex trading fell to €5.7 million. Compared to last year’s Q2 result of€6.6 million, it shows a 13.5% decrease. The figure declined by 5.3% year-over-year (YoY) on an adjusted basis.
Revenues for the period dropped due to the weakening demand for forex trading. The average trading volume in Q2 2021 was $20.6 billion. However, the Q2 2021 result shows that the volume fell to $18.6 billion.
However, the volume across the market operator was higher on monthly basis. Euronext recorded $18.53 billion for July, which is 17.1% higher than the $15.82 billion recorded in August.
