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11 million transactions were completed on Euronext’s cash markets in May 2005, up 1.5% on May last year. During the first five months of 2005, over 63 million cash transactions were registered on Euronext, representing a daily average of 602,000.
Shares
10.6 million share transactions were completed in May, up 2.6% on the same month in 2004, bringing the total number of transactions since the beginning of the year to over 60 million. In the year-to-date, the average daily number of transactions stands at 572,000.
IPOs
There have been 7 IPOs on Euronext’s markets in May 2005, including 3 new listings on Alternext – the new exchange-regulated market for small and mid cap companies in the euro zone launched on 17 May –, bringing the total number of IPOs on Euronext to 16 so far this year. These IPOs represented an additional market capitalization of EUR 9.1 billion, with EUR 2.1 billion raised.
Derivatives products
Euronext.liffe, the international derivatives business of Euronext, traded a total of 69.4 million futures and options contracts in May 2005, up 4% year-on-year (on a like-for-like comparison), representing an average daily volume of 3.2 million.
The Exchange traded over 29 million Interest Rate Products in May 2005, up 16% on May 2004.
Euronext.liffe’s equity products traded 39 million futures and options contracts, representing and average daily volume of 1.8 million contracts.
Commodity products traded over 517,000 contracts in the month, up 11% year to date compared with the same period in 2004.
CAC 40 Index Option
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 will be applied to French individual equity option volumes where a similar change in contract size comes into effect during 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.
Click here to download Euronext's cash and derivatives market tables.
