Euronext reports exceptional surge on its post trade revenue
11 February 2021 The Netherlands
Image: Tupungato/adobe.stock.com
Euronext, the European exchange group, reported its post-trade revenue increased 69.1 per cent year-on-year (YoY) to €177.2 million in 2020, driven by the increased market share from acquisitions and higher earnings from its clearing services .
VP Íø±¬³Ô¹Ï, the Danish CSD, contributed €27.6 million revenue since its consolidation in August 2020, contributing to a 71.7 per cent YoY increase in Q4 post trade revenue from Euronext, which hit €57.3 million.
According to Stéphane Boujnah, CEO and chair of the managing board of Euronext, post-trade activity now represents the second largest revenue contributor for the group.
Trading revenue also increased to €365.1 million, a 33.8 per cent YoY increase with growth in all asset classes and Nord Pool power trading contributing €27.3 million.
Overall, Euronext reported a 30.2 per cent YoY increase for 2020 revenue equalling €884.3 million.
VP Íø±¬³Ô¹Ï, the Danish CSD, contributed €27.6 million revenue since its consolidation in August 2020, contributing to a 71.7 per cent YoY increase in Q4 post trade revenue from Euronext, which hit €57.3 million.
According to Stéphane Boujnah, CEO and chair of the managing board of Euronext, post-trade activity now represents the second largest revenue contributor for the group.
Trading revenue also increased to €365.1 million, a 33.8 per cent YoY increase with growth in all asset classes and Nord Pool power trading contributing €27.3 million.
Overall, Euronext reported a 30.2 per cent YoY increase for 2020 revenue equalling €884.3 million.
NO FEE, NO RISK
100% ON RETURNS If you invest in only one securities finance news source this year, make sure it is your free subscription to Íø±¬³Ô¹Ï Finance Times
100% ON RETURNS If you invest in only one securities finance news source this year, make sure it is your free subscription to Íø±¬³Ô¹Ï Finance Times
