-
Euronext registers 11.7% Y/Y drop in FX trading revenue in Q1 2023
Pan-European market infrastructure Euronext today published its results for the first quarter of 2023. FX trading reported €6.3 million of revenue in the first quarter of 2023, down 11.7% from the first quarter of 2022, which was the second most active quarter for FX trading in Euronext’s history. Over the first quarter of 2023, Forex average daily volumes of USD21.0 billion were recorded, down 14.4% compared to Q1 2022. On a like-for-like basis at constant currencies, FX trading revenue was down 15.6% in Q1 2023 compared to Q1 2022. Derivatives trading revenue decreased by 7.5% to €14.9 million in Q1 2023, ... (full story)