TRANSACTIONAL BUSINESSES Cash trading Cash trading revenue per trade
Revenues of €49.1 million, -5.7% compared to €52.1 million in Q1 2015. (in Basis Point, Total cash trading revenues divided by value traded)
Turbulent quarter for Eurozone equities, with the banking sector under particular pressure amid concerns over the impact of negative interest rates on profitability
Average daily volumes over the quarter: €8.3billion, -4.4% vs Q1 2015 (€8.7 billion)
Q1 2015 was our best quarter for volumes since Q2 2010
62 trading days this quarter vs 63 in Q1 2015 0,476 0,478
A strengthened competition between some Multi Lateral Facilities for low-yield flow slightly weakened our market share in Q1 2016, to 60.9% although it returned to 61.4% in March 2016 (Q1 2015: 62.2%) Q1'2015 Q1'2016
Activity on ETFs remained particularly dynamic in Q1 2016: ADV of €701 million, +21% vs Q1 2015 Derivatives trading revenue per lot1
82 new listings in Q1 2016, putting the overall number of ETFs listed at 757 Derivatives trading & clearing 0,323 0,314
Derivatives trading revenue of €11.0 million: - 2.2%, in Q1 2016 compared to €11.2 million in Q1 2015 Q1'2015 Q1'2016
Quarterly Average Daily Volumes on individual equity derivatives increased by 3.2%, at 253,399 contracts during the first quarter of 2016, while volumes on equity index derivatives decreased by 3.2% at 245,824 contracts. Clearing revenue per lot1
Revenues were also impacted by the revised fee scheme implemented in Q1 2016 to address competitive situation on individual equity options in France.
Commodity products continued to perform well, benefiting from volatility on the raw 0,372 materials prices. Quarterly average daily volume on commodities derivatives was up 0,337 27% compared with Q1 2015 at 63,398 contracts.
11.2% increase in clearing revenues, to €13.0 million vs €11.7 million in Q1 2015, Q1'2015 Q1'2016 benefiting from the strong performance and increased weight of our commodity ¹ Revenues divided by total derivatives number of contracts traded franchise in our derivatives products mix 4