Euronext Posts 17% Drop in FX ADV for December 2021

Euronext, the largest stock exchange in Europe, has reported a 17% drop in the average daily volume on its spot foreign exchange market. The ADV figure stood at $17.4 billion in December 2021, which is down from November’s $21.1 billion.

Taking a year-over-year perspective, Euronext’s currency turnover was also lower by 12 percent from $19.8 billion reported back in December 2020.

In terms of its aggregated monthly turnover, Euronext FX reported $407 billion, which is down 12.7 percent from $466 billion that changed hands in the previous month.

The average trading volume in 2021 was below the $20 billion mark, down from $22.3 billion in the comparable period the year earlier. In 2020, the volume had jumped to record levels due to frenzied buying and selling activities. Trading has been driven by investor fears that despite the new vaccines, coronavirus will continue to put a damper on the world economy.

In 2020, however, Euronext has discontinued its FX Tape service, which provides a central reference point for prices of spot FX transactions. The termination occurred around December 2020 and, as a consequence, the FX Tape volume chart was removed from Euronext FX website.