FESE Capital Markets Fact Sheet 2024 Q1.pdf

FESE Capital Markets Fact Sheet 2024 Q1

1. Capital Markets
Fact Sheet
Q1 2024

2. OVERVIEW
2 Capital Markets Fact Sheet –Q1 2024
Equity
Derivatives
Other instruments
General overview
Europeanmarketsregisteredgains
inQ1amidexpectationsofinterest
ratecuts.
However,valuationsandreturns
stilllagothermarkets.Primary
marketsremainstagnantand
tradingvolumesstablewhen
consideringthelastfewyears.
Market capitalisation slightly increased but turnover
in equity remained unchanged. The number of new
listings and IPOs declined.
Notional turnover for most classes of derivatives
increased.
Turnover increased for all other instruments, except
for ESG bonds.

3. 3 Capital Markets Fact Sheet –Q1 2024
Equity Derivatives Other instruments
INDEX
Listed companies
Market capitalisation
New listings
Investment flows
IPOs
SME markets
Trades
Turnover
Options
Futures
Stock/Index derivatives
Bond derivatives
Commodities derivatives
Foreign exchange derivatives
Securitised derivatives
ETFs
Investment funds
Bonds
ESG bonds
REITS

4. Equity
Data from FESE members

5. LISTED COMPANIES AND MARKET CAPITALISATION
5 Capital Markets Fact Sheet –Q1 2024
0
2
4
6
8
10
12
14
16
0
2,000
4,000
6,000
8,000
10,000
12,000
Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1
2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Listed companies Market capitalisation (EUR trillion, right axis)
*The declines since Q3 2022 are largely due to the delisting of collective investment schemes as a result of regulatory changes in the Spanish market.

6. NEW LISTINGS AND INVESTMENT FLOWS
6 Capital Markets Fact Sheet –Q1 2024
0
10
20
30
40
50
60
70
0
50
100
150
200
250
300
Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1
2014 2015 2016 2017 2018 2019 2020 2021 2022 20232024
New listings Total investment flows (EUR b, right axis)

7. IPOs
7 Capital Markets Fact Sheet –Q1 2024
0
5
10
15
20
25
0
20
40
60
80
100
120
140
160
Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1
2014 2015 2016 2017 2018 2019 2020 2021 2022 20232024
IPOs Investment flows (EUR b, right axis)

8. SME MARKETS
8 Capital Markets Fact Sheet –Q1 2024
0
20
40
60
80
100
120
140
160
0
200
400
600
800
1,000
1,200
1,400
1,600
1,800
Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1
2014 2015 2016 2017 2018 2019 2020 2021 2022 20232024
Listed companies Market capitalisation (EUR b, right axis)

9. EQUITY TRADING
9 Capital Markets Fact Sheet –Q1 2024
0.0
0.5
1.0
1.5
2.0
2.5
0
50
100
150
200
250
300
350
Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1
2014 2015 2016 2017 2018 2019 2020 2021 2022 20232024
Trades (million) Turnover (EUR trillion, right axis)

10. Derivatives
Data from FESE members
2

11. AGGREGATED OPTIONS AND FUTURES
11 Capital Markets Fact Sheet –Q1 2024
0
20
40
60
80
100
120
140
160
0
100
200
300
400
500
600
700
800
900
Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1
2014 2015 2016 2017 2018 2019 2020 2021 2022 20232024
Options contracts traded (million) Futures contracts traded (million)
Options notional turnover (EUR trillion, right axis)Futures notional turnover (EUR trillion, right axis)

12. STOCK/INDEX DERIVATIVES
12 Capital Markets Fact Sheet –Q1 2024
0
2
4
6
8
10
12
14
16
18
20
0
100
200
300
400
500
600
Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1
2014 2015 2016 2017 2018 2019 2020 2021 2022 20232024
Contracts traded (million) Open interest (million) Notional turnover (EUR trillion, right axis)

13. BOND DERIVATIVES
13 Capital Markets Fact Sheet –Q1 2024
0
20
40
60
80
100
120
140
160
0
50
100
150
200
250
300
350
400
Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1
2014 2015 2016 2017 2018 2019 2020 2021 2022 20232024
Contracts traded (million) Open interest (million) Notional turnover (EUR trillion, right axis)

14. COMMODITIES DERIVATIVES
14 Capital Markets Fact Sheet –Q1 2024
0
2
4
6
8
10
12
0
50
100
150
200
250
Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1
2014 2015 2016 2017 2018 2019 2020 2021 2022 20232024
Contracts traded (million) Open interest (million) Notional turnover (EUR trillion, right axis)

15. FOREIGN EXCHANGE DERIVATIVES
15 Capital Markets Fact Sheet –Q1 2024
0
10
20
30
40
50
60
70
0
1
2
3
4
5
6
7
8
Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1
2018 2019 2020 2021 2022 2023 2024
Contracts traded (million) Open Interest (million) Notional turnover (EUR billion, right axis)

16. Other instruments
Data from FESE members
3

17. SECURITISED DERIVATIVES
17 Capital Markets Fact Sheet –Q1 2024
0
10
20
30
40
50
60
0.0
0.5
1.0
1.5
2.0
2.5
3.0
3.5
4.0
4.5
Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1
2014 2015 2016 2017 2018 2019 2020 2021 2022 20232024
Listed (million) Turnover (EUR b, right axis)

18. ETFs
18 Capital Markets Fact Sheet –Q1 2024
0
50
100
150
200
250
0
2
4
6
8
10
12
14
Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1
2014 2015 2016 2017 2018 2019 2020 2021 2022 20232024
Trades (milion) Turnover (EUR b, right axis)

19. INVESTMENT FUNDS
19 Capital Markets Fact Sheet –Q1 2024
0
20
40
60
80
100
120
140
160
180
0
5
10
15
20
25
30
35
40
Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1
2014 2015 2016 2017 2018 2019 2020 2021 2022 20232024
Listed (thousands) Turnover (EUR b) Market capitalisation (EUR b, right axis)

20. BONDS
20 Capital Markets Fact Sheet –Q1 2024
0
1
2
3
0
1
2
3
4
5
6
7
8
Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1
2014 2015 2016 2017 2018 2019 2020 2021 2022 20232024
Trades (million) Turnover (EUR trillion, right axis)

21. ESG BONDS
21 Capital Markets Fact Sheet –Q1 2024
0
1
2
3
4
5
6
0
1
2
3
4
5
6
Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1
2022 2023 2024
ESG bond trades (billion) ESG bond turnover (EUR b)

22. REITS
22 Capital Markets Fact Sheet –Q1 2024
0
2
4
6
8
10
0.0
0.4
0.8
1.2
1.6
2.0
Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1
2022 2023 2024
Trades (million) Turnover (EUR b, right axis)