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Volatility boosts Euronext revenues in third quarter

Euronext secured €235.5m ($236.8m) in revenues for the third quarter, a 12% increase over the same period last year, and this week reorganised its structure into four strategic business units.

The pan-European exchange attributed the revenue growth to the strong volatility, which translated into increased trading activity on its cash and derivatives markets. Cash trading grew by 15.3% to €51.49m compared to the same period last year as the number of trades recorded during the quarter increased by more than 30% year on year. However the average price per trade decreased by 5.6%.

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