Euronext sees revenue increase 03 August 2018Amsterdam Reporter: Maddie Saghir
Image: Shutterstock
Euronext saw an increase in revenue for Q2 2018, which was driven by the consolidation of Euronext Dublin, a Euronext report found.
Euronext reported an increase in revenue to €157.3 million, which compared to €137.3 million of the same period last year, highlighting an increase of 14.6 percent.
As a result of the consolidation of Euronext Dublin, improved primary markets, and offsetting a moderate activity in second markets, listing revenue of €28.4 million was up 20.3 percent, Euronext revealed.
Meanwhile, cash trading revenue stood at €53.9 million, which highlighted an increase of 7.1 percent.
According to Euronext, this is thanks to a sustained market share, a 66.1 percent yield management, and stable volumes.
Additionally, market data and indices revenue increased by 12.9 percent.
Stéphane Boujnah, CEO and chairman of the managing board of Euronext, said: “The second quarter also saw the first contribution from Euronext Dublin, that diversifies our revenue profile, strengthens our listing franchise and positions Euronext as the world leading listing venue for debt.”
Boujnah added: “Our teams are now working on the integration that is progressing as planned.”
NO FEE, NO RISK 100% ON RETURNSIf you invest in only one asset servicing news source this
year, make sure it is your free subscription to Asset Servicing Times
Image: Shutterstock 