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Euronext today releases its listing and trading volumes for the first six months of 2014. Euronext continued to assert its position as the largest Eurozone capital raising and equity trading centre, posting the strongest 6-month performance since the end of 2011.
Listings saw a marked increase in activity in the first half of 2014 with total capital raised on our markets of €57.6 billion compared to €53 billion in the same period last year. In particular, there was a substantial increase in capital raised through IPOs which amounted to €6.5 billion which already exceeds the €3.1 billion raised in IPOs over 2013 as a whole.
The increase in IPO activity across Euronext markets was driven largely by the return of large cap IPOs but also by a significant increase in IPOs from SMEs, in large part thanks to the EnterNext initiative. A total of eight large cap IPOs were completed compared to one for the same period last year and 23 SMEs IPOs were completed in the first half compared to 10 for the same period last year.
A total of €37bn was raised in fixed income instruments across Euronext markets, including the largest green bond to date for GDF Suez, raising €2.5 billion. In addition Euronext listed €5.95 billion of certificates of participations for Rabobank Nederland as well as €1.4 billion in hybrid bonds for KBC Group.
With 50 new ETF listings, Euronext was the only European exchange to grow its franchise over the period on a net basis. Our structured products business has grown to its highest ever level, with 35,230 structured products live at the end of June and the number of listings increasing by 47% vs 2013.
Cash markets saw a material increase in trading activity across the first half of 2014, with ADV for the period up 13% vs 2013, during which time Euronext experienced four of the ten highest volume traded days since 2012 and on 20 June, the strongest single day of trading in CAC40 constituents of €7.046 billion since 2012. Market share remains strong at 65% for the period.
Commodities ADV rose 17.4% and Euronext experienced the most active week ever in terms of volumes (from 3 March 2014 to 7 March 2014), with average daily 83,552 lots traded. The open interest stands at 750,000 lots, the highest level ever. Broadly in line with peers, ADV in financial futures and options declined by 9%. The CAC40 futures contract remains Europe’s most heavily traded national index future and the second most heavily traded index future overall.
Euronext Volumes JUN 2014
| Q2 2014 | Q2 2013 | YTD 2014 | YTD 2013 | ||
| 62 | 63 | 125 | 125 | ||
| Q2 2014 | Q2 2013 | Change % | Jan 2014 till June 2014 | Jan 2013 till June 2013 | Change % |
| 29,883,853 | 35,297,216 | -15% | 65,394,277 | 73,068,254 | -10.5% |
| 14,012,827 | 17,888,583 | -22% | 31,187,669 | 34,283,760 | -9.0% |
| 10531621 | 13219642 | -20% | 23,057,822 | 25,325,887 | -9.0% |
| 3481206 | 4668941 | -25% | 8,129,847 | 8,957,873 | -9.2% |
| 15,871,026 | 17,408,633 | -9% | 34,206,608 | 38,784,494 | -11.8% |
| 17212 | 236 | >500% | 17,352 | 342 | >500% |
| 15853814 | 17408397 | -9% | 34,189,256 | 38,784,152 | -11.8% |
| 2,377,770 | 2,117,491 | 12% | 5,556,272 | 4,730,852 | 17.4% |
| 1969419 | 1786379 | 10% | 4,617,518 | 3,973,956 | 16.2% |
| 408351 | 331112 | 23% | 938,754 | 756,896 | 24.0% |
| 16,798 | 50,913 | -67% | 37,475 | 122,510 | -69.4% |
| 2 | 281 | -99% | 7 | 1,168 | -99.4% |
| 16796 | 50632 | -67% | 37,468 | 121,342 | -69.1% |
| 12,518,254 | 15,006,538 | -17% | 27,692,699 | 29,301,353 | -5.5% |
| 19,760,167 | 22,459,082 | -12% | 43,295,325 | 48,620,263 | -11.0% |
| 32,278,421 | 37,465,620 | -14% | 70,988,024 | 77,921,616 | -8.9% |
