Euronext reports exceptional surge on its post trade revenue
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Euronext reports exceptional surge on its post trade revenue 11 February 2021The Netherlands Reporter: Natalie Turner
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Euronext, the European exchange group, reported its post-trade revenue increased 69.1 per cent year-on-year (YoY) to 鈧�177.2 million in 2020, driven by the increased market share from acquisitions and higher earnings from its clearing services .
VP Securities, the Danish CSD, contributed 鈧�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 鈧�57.3 million.
According to St茅phane 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 鈧�365.1 million, a 33.8 per cent YoY increase with growth in all asset classes and Nord Pool power trading contributing 鈧�27.3 million.
Overall, Euronext reported a 30.2 per cent YoY increase for 2020 revenue equalling 鈧�884.3 million.
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