European Platforms "June-26: Resilient end to Q2 Trading Activity and Cu..."

Research evidence excerpt

European Platforms "June-26: Resilient end to Q2 Trading Activity and Cu..."

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European Platforms Equities

Europe including UKJune-26: Resilient end to Q2 Trading Activity and

Customer Growth Financial

Amit Jagadeesh

Analyst

amit.jagadeesh@ubs.com

Web traffic, mobile app usage and download data for European platforms +44-20-7567 9705

Using UBS Evidence Lab web traffic, mobile app usage and download data, we analyse Haley Tam

trading activity and customer growth across European platforms. We incorporate these Analyst

inputs into multivariate regression models and observe statistically significant haley.tam@ubs.com

correlations (R-squares of 60-80%) with reported trading volumes, brokerage revenues +44-20-7567 6176

and account openings. As such, we believe these datasets provide a timely and robust Adele Palama

leading indicator of activity trends ahead of monthly stats/earnings results. Analyst

adele.palama@ubs.com

June-26 activity improves YoY (+8-17%); modest improvement in MoM trends +34-91-436 9023

Ahead of the June-26 monthly trading updates (on 3 July) for Avanza (AZA), Nordnet Johan Ekblom, CFA

(SAVE) and flatexDEGIRO (FTK), June-26 activity shows an improvement on a YoY basis, Analyst

with growth of +17% (AZA), +14% (SAVE) and +8% (FTK), supported by more johan.ekblom@ubs.com

favourable comparatives improving YoY growth prints. Looking ahead, comparatives +44-20-7568 3580

should continue to ease through 2026, implying that a stable level of activity from here Michael Werner

should improve YoY growth prints. On a sequential basis, trends have stabilised, with all Analyst

platforms returning to modest MoM growth (+3% for AZA and SAVE, +2% for FTK). For michael.werner@ubs.com