13.2 million transactions were completed on Euronext’s cash markets in June 2005, up nearly 30% on June last year.
During the first six months of 2005, over 76 million cash transactions were registered on Euronext, up 2.8% on the same period in 2004. This represents an average of 602,000 transactions per day.
Shares
12.7 million transactions were completed in shares in June 2005, up 32% on the same month last year.72.9 million share transactions were registered on Euronext’s cash markets during the first half of 2005, up 3.1% on the first six months of 2004, representing a daily average of 574,000.
Initial Public Offerings
There have been 11 IPOs on all Euronext markets in June, bringing the total number of new listings so far this year to 27, including 8 new listings on Alternext, the Euronext market launched mid May and designed specifically for small and medium-size businesses in the euro zone. Those 27 IPOs represent an additional market capitalization of EUR 11.3 billion, with a total amount of more than EUR 3.1 billion raised.
Derivatives products
Euronext.liffe, the international derivatives business of Euronext, traded a record month in its flagship contract the Three Month Euribor (short term interest rate futures). The contract traded over 18 million contracts during June, representing an average daily volume of over 834,000.
Euronext.liffe traded a total of 59.2 million futures and options contracts in June 2005, up 18% year-on-year (on a like-for-like comparison), representing an average daily volume of 2.7 million.
Total volume for the first six months of 2005 amounted to 304 million futures and options contracts representing an average daily volume of 2.4 million.
Short Term Interest Rate products traded 36 million contracts during June 2005, up 34% on June 2004 and up 4% in the year-to-date.
Commodity products traded over 860,000 contracts in the month, up 20% on June 2004 and in the year to date is up 13% compared with the same period in 2004.
Background:
In response to strong customer demand for more harmonised equity derivatives contracts, on 9 May Euronext.liffe introduced new larger CAC 40 Index Option (‘new-style’) contracts. The effect of this change enables customers to trade a tenth the number of contracts to achieve the same level of market exposure.To enable accurate like-with-like comparison of activity in the CAC 40 options market in 2004 and 2005 we have rebased volumes in the CAC 40 Option contract. This adjustment treats all volumes in the old-style contracts as if they were new-style larger contracts, by dividing volume by ten.
The same rebased figures applied to French individual equity option volumes where a similar change in contract size came into effect on 20 June.
This press release has been prepared using actual volumes for the month, apart from for the last trading day when an estimate based on the average daily volume for the current month is used. Final detailed figures for the month will be published three working days after the end of the month on the Euronext websites: www.euronext.com and www.liffe.com.
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