DERIVATIVES PERFORMANCE DRIVEN BY COMMODITY FRANCHISE AND INDEX
Q3’2015 was particularly dynamic with revenues increasing by Euronext – number of contracts traded (lots in mm) +5.3% compared to Q3-2014. Index Equity Commodities
ADV on equity index derivatives: +3.4% vs Q3’2014, to 2,6 2,1 3,2 3,9 236,518 2,9 2,9 2,4 3,7 3,1 3,4 4,4 21,4 17,4 16,9 17,2 18,3 17,1 15,5 14,3 16,3
ADV on individual equity derivatives: +5.8% vs Q3’2014 15,9 15,5 to 247,725 lots
The CAC40 futures contract remains Europe’s most 16,4 17,9 14,6 14,8 17,2 14,0 15,1 17,7 16,0 16,0 15,6 heavily traded national index future and the second most heavily traded index future overall. Q1'13 Q2'13 Q3'13 Q4'13 Q1'14 Q2'14 Q3'14 Q4'14 Q1'15 Q2'15 Q3'15
Strong activity on commodity derivatives: Average daily volume Q3’15/Q3’14 (‘000)
+21.2% in Q3’2015 vs Q3’2014, with an ADV of 67,319 +6,3% +5,7% +7,2% -7,1% +21,2% contracts traded, boosted by the early July European heat Q3 2014 wave that produced uncertainty over the harvest 519 552 campaign and increased volatility 234 247 Q3 2015 168 180
The implementation of a new calendar of expiries, 60 56 55 67 replacing the single November expiry by two expiries, one in September and one in December contributed to a TTL DERIVS. EQUITY OPTS INDEX FUTURES INDEX OPTS COMMODITIES frontloading of volumes on a comparative basis Rapeseed meal contract
Promising start of rapeseed meal product Revenue per lot1 0.32 0.33 Q3'2014 Q3'2015 ¹ Total derivatives trading revenues divided by total derivatives number of contracts traded 7