Euronext Releases Resilient Q1 2016 Financial Results

[kreslik.news]

Euronext, Europe’s largest exchange, has released its financial metrics for the first quarter of 2016 revealing a slight decrease in revenue, perpetuated by turbulent market conditions, according to a Euronext statement. Earlier this month, the exchange reported its trading volumes for April 2016 which saw a sizable decline across its cash order book.

Revenue

Financial performance third party quarterly revenue decreased by -2.7 percent to €126.5 million ($144.5 million) compared with €130.0 million ($148.5 million) in Q1 2015, driven mainly by lower volumes on cash trading business and a pause in the IPO market resulting from uncertain macroeconomic conditions ... (read more)