Euronext's core profit jumps on strong cash trading


Bengaluru: Pan-European exchange operator Euronext said its second-quarter core earnings jumped about 21%, bolstered by robust performance in its cash trading business as economic uncertainty resulted in a spike in volumes.

The uncertainty arising due to a possible Greek exit from the eurozone and a US Federal Reserve rate hike likely this year fuelled trading on the exchange, which is the largest in continental Europe for trading.

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Business , Euronext , earnings , Greek exit , rate hike

   

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