Euronext Sees 5% YoY Revenue Jump in Q1 2021

Fazzaco learned that Euronext, the largest stock exchange in Europe, has released its financial results for the first quarter of 2021, showing a YoY jump in revenues.

According to the official announcement, the revenues of Euronext for the first quarter of 2021 rose by 5 percent to €249.2 million compared to Q1 of 2020. From January to March, the Spot Forex trading revenues of the exchange fell by 24.5 percent to €6.1 million compared to the same period in 2020.

Fazzaco recently reported that Euronext has completed the acquisition of the Borsa Italiana Group for a final consideration of €4,444 million. The completion of the acquisition successfully creates the leading pan-European market infrastructure and the leading venue for capital markets in Europe.

Chief Executive Officer and Chairman of the Managing Board of Euronext, Stephane Boujnah, said: "Today marks a new chapter in the history of Euronext and of European capital markets. With the completion of the acquisition of the Borsa Italiana Group, Euronext delivers on its ambition to build the leading pan-European market infrastructure, connecting local economies to global capital markets, for the benefit of all market participants across Euronext's markets. Even though Q1 2020 was an exceptional quarter in many respects, we continued to see during Q1 2021 the benefits of our diversification strategy as well as of the structural market dynamics of 2020."

Additonally, Euronext has announced trading volumes for March 2021​. Euronext FX registered $486 billion volume, with 11.2 percent MoM rise from February 2021, considering the 23 trading days last month. The ADV FX reached $21.17 billion in March with a 3.3 percent MoM decrease, compared to the $21.89 billion in the previous month.