NYSE Euronext Announces Trading Volumes for June 2010 and Other Metrics

Published on Wednesday, 07 July 2010 02:37 Written by TradersHuddle Staff

NEW YORK-( Business Wire )-

NYSE Euronext (NYX) today announced trading volumes for its global derivatives and cash equities exchanges for June 2010¹. Trading volumes across all venues in June 2010 were mostly higher compared to the prior year period, but declined from elevated May 2010 levels. European derivatives average daily volume (“ADV”) increased 2.6% in June 2010 and registered ADV of 6.6 million contracts per day in the second quarter of 2010. U.S. options ADV increased 24.4% and market share increased to 26.5% in June 2010. Cash equities ADV in June 2010 was mixed with European cash trading volumes increasing 18.4% compared to prior year levels. U.S. cash trading volumes of 3.0 billion shares in June 2010 decreased 6.9% from prior year levels, but Tape A matched market share increased to 38.6%, the highest level since June 2009.

Highlights

• NYSE Euronext European derivatives products ADV in June 2010 of 4.7 million contracts increased 2.6% compared to June 2009, but decreased 44.1% from elevated May 2010 levels. Total European fixed income products ADV in June 2010 of 1.9 million contracts decreased 21.5% compared to June 2009 and decreased 44.3% from May 2010. Total equity products ADV of 2.8 million contracts in June 2010 increased 29.2% compared to June 2009, but decreased 44.6% from May 2010.
• NYSE Euronext U.S. equity options (NYSE Arca and NYSE Amex) ADV of 3.4 million contracts in June 2010 increased 24.4% compared to June 2009 levels, but decreased 28.8% from May 2010. NYSE Euronext’s U.S. options exchanges accounted for 26.5% of the total consolidated equity options trading in June 2010, up from 20.5% in June 2009 and up from the 26.0% recorded in May 2010. In June 2010 and for the second straight quarter, NYSE Euronext was the largest U.S. options exchange operator.
• NYSE Euronext European cash products ADV of 1.6 million transactions in June 2010 increased 18.4% compared to June 2009, but decreased 22.9% from May 2010.
• NYSE Euronext U.S. cash products (NYSE, NYSE Arca and NYSE Amex) handled ADV of 3.0 billion shares in June 2010 decreased 6.9% compared to June 2009 and decreased 21.5% compared to May 2010. NYSE Euronext’s Tape A matched market share in June 2010 was 38.6%, the highest level since June 2009, up from 37.8% in May 2010.
• There were a total of 22 trading days in Europe and the U.S. in June 2010 and June 2009, respectively.

Derivatives Trading

European Derivatives

• NYSE Euronext European derivatives products ADV in June 2010 was 4.7 million futures and options contracts, an increase of 2.6% from June 2009, but a decrease of 44.1% from May 2010. The 4.7 million in futures and options contracts ADV in June 2010 consisted of 3.1 million contracts executed through our full-service LIFFE CONNECT trading platform and 1.6 million contracts, or 34.2%, executed through Bclear, NYSE Liffe's trade administration and clearing service for OTC products. In the second quarter of 2010, European derivatives products ADV of 6.6 million contracts was 35.7% above prior year levels. The 6.6 million in futures and options contracts ADV in the second quarter of 2010 consisted of 4.0 million contracts executed through LIFFE CONNECT trading platform and 2.7 million contracts, or 40.0%, executed through Bclear.
• The anticipated average net rate per contract for European derivatives, excluding Bclear, is expected to be approximately $0.63 per contract in the second quarter of 2010, which includes the impact of currency fluctuations and product mix.
• Year-to-date, European derivatives products ADV of 5.7 million contracts was 32.7% above prior year levels. The 5.7 million in futures and options contracts ADV year-to-date consisted of 3.9 million contracts executed through the LIFFE CONNECT trading platform and 1.8 million contracts, or 31.6%, executed through Bclear.
• Total fixed income products ADV of 1.9 million contracts in June 2010 decreased 21.5% from June 2009 and decreased 44.3% from May 2010. In the second quarter of 2010, total fixed income products ADV of 2.7 million contracts was 23.4% above prior year levels. Year-to-date, total fixed income products ADV of 2.7 million contracts was 29.7% above prior year levels.
• Total equity products (including Bclear) ADV of 2.8 million contracts in June 2010 increased 29.2% compared to June 2009, but decreased 44.6% from May 2010. The 2.8 million contracts in equity products ADV consisted of 2.1 million contracts in individual equity products ADV and 0.7 million contracts in equity index products ADV. The 2.1 million contracts in individual equity products ADV consisted of 1.4 million in futures contracts, which represented a 50.4% increase compared to June 2009 and 0.7 million in options contracts, which represented a 17.8% increase compared to June 2009. The average rate per contract for individual equity futures contracts is significantly lower than other products traded on NYSE Liffe. In the second quarter of 2010, total equity products ADV of 3.9 million contracts was 46.2% above prior year levels. Year-to-date, total equity products ADV of 3.0 million contracts was 35.9% above prior year levels.
• Total commodities products ADV of 62,000 contracts in June 2010 increased 23.4% compared to June 2009 and increased 34.8% from May 2010. In the second quarter of 2010, total commodities product ADV of 55,000 contracts was 12.6% above prior year levels. Year-to-date, total commodities product ADV of 54,000 contracts was 13.5% above prior year levels.

U.S. Derivatives

• NYSE Euronext U.S. equity options (NYSE Arca and NYSE Amex) ADV of 3.4 million contracts in June 2010 increased 24.4% compared to June 2009, but decreased 28.8% compared to May 2010. In the second quarter of 2010, U.S. equity options ADV of 4.1 million contracts was 56.9% above prior year levels.
• The anticipated average net rate per contract for U.S. options is expected to be approximately $0.16 per contract in the second quarter of 2010, which includes the impact of increased trading volumes in Penny-Pilot issues on NYSE Arca and business mix.
• Year-to-date, U.S. equity options ADV of 3.9 million contracts was 59.6% above prior year levels.
• Total U.S. consolidated equity options ADV decreased 3.5% to 13.0 million contracts in June 2010 compared to June 2009 and decreased 30.0% compared to May 2010. In the second quarter of 2010, U.S. consolidated equity options ADV of 15.7 million contracts was 10.2% above prior year levels. Year-to-date, U.S. consolidated equity options ADV of 14.8 million contracts was 8.5% above prior year levels.
• NYSE Euronext’s U.S. options exchanges accounted for 26.5% of the total consolidated equity options trading in June 2010, up from 20.5% in June 2009 and up from 26.0% in May 2010. In June 2010 and for the second straight quarter, NYSE Euronext was the largest U.S. options exchange operator.
• NYSE Euronext U.S. futures and futures options (NYSE Liffe U.S.) ADV in June 2010 was approximately 16,100 contracts, compared to 21,000 contracts in May 2010. In the second quarter of 2010, U.S. futures and futures options ADV was 18,600 contracts. Year-to-date U.S. futures and futures options ADV was 19,700 contracts.

Cash Trading

European Cash

• NYSE Euronext European cash products ADV of 1.6 million transactions in June 2010 increased 18.4% compared to June 2009, but decreased 22.9% compared to May 2010. In the second quarter of 2010, European cash products ADV of 1.7 million transactions was 18.4% above prior year levels.
• The anticipated average net revenue per transaction for European cash is expected to be approximately $0.66 per transaction in the second quarter of 2010, which includes the impact of currency fluctuations and business mix.
• Year-to-date, European cash products ADV of 1.5 million transactions was 9.2% above prior year levels.
• SmartPool, NYSE Euronext’s European dark pool established in partnership with HSBC, J.P. Morgan and BNP Paribas, experienced significant growth in the second quarter of 2010, with matched volume increasing to €5.7 billion, making SmartPool the third largest dark Multi-Lateral Trading Facility (MTF) in the second quarter.

U.S. Cash

• NYSE Euronext U.S. cash products handled ADV in June 2010 decreased 6.9% to 3.0 billion shares compared to June 2009 and decreased 21.5% from May 2010. In the second quarter of 2010, U.S. cash products handled ADV was 3.2 billion shares, down 11.8% from prior year levels.
• The anticipated average net revenue per 100 shares handled for U.S. cash is expected to be approximately $0.029 per 100 shares handled in the second quarter of 2010, which includes the impact of higher volumes and tiering.
• Year-to-date, U.S. cash products handled ADV was 2.9 billion shares, down 24.7% from prior year levels.
• NYSE Euronext’s Tape A matched market share in June 2010 was 38.6%, the highest level since June 2009, up from 37.8% in May 2010.
• Designated Market Maker participation in June 2010 was 8.5%, compared to 9.0% in May 2010. Supplemental Liquidity Provider participation in June 2010 was 13.3%, compared to 14.9% in May 2010. DMM and SLP participation pertain only to trading on NYSE.

Exchange Traded Products

• NYSE Euronext U.S. matched exchange-traded products ADV (included in volumes for Tape B and Tape C) of 382 million shares in June 2010 decreased 16.1% compared to June 2009 and decreased 31.2% compared to May 2010. In the second quarter of 2010, NYSE Euronext U.S. matched exchange-traded products ADV of 418 million shares was 20.1% below prior year levels. Year-to-date, NYSE Euronext U.S. matched exchange-traded products ADV of 372 million shares was 34.3% below prior year levels.

Other Metrics

• The average EUR/USD exchange rate for the second quarter of 2010 of $1.27 represented a decrease of 7.9% from the first quarter of 2010 and a decrease of 6.6% compared to the second quarter of 2009.
• The average GBP/USD exchange rate for the second quarter of 2010 of $1.49 represented a decrease of 4.4% from the first quarter of 2010 and a decrease of 3.8% compared to the second quarter of 2009.

Please click here for the Monthly Transaction Activity Data Table.

About NYSE Euronext

NYSE Euronext (NYX) is a leading global operator of financial markets and provider of innovative trading technologies. The company's exchanges in Europe and the United States trade equities, futures, options, fixed-income and exchange-traded products. With approximately 8,000 listed issues (excluding European Structured Products), NYSE Euronext's equities markets – the New York Stock Exchange, NYSE Euronext, NYSE Amex, NYSE Alternext and NYSE Arca – represent one-third of the world's equities trading, the most liquidity of any global exchange group. NYSE Euronext also operates NYSE Liffe, one of the leading European derivatives businesses and the world's second-largest derivatives business by value of trading. The company offers comprehensive commercial technology, connectivity and market data products and services through NYSE Technologies. NYSE Euronext is in the S&P 500 index, and is the only exchange operator in the S&P 100 index and Fortune 500. For more information, please visit: http://www.nyx.com.

Cautionary Note Regarding Forward-Looking Statements

This press release may contain forward-looking statements, including forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements include, but are not limited to, statements concerning NYSE Euronext’s plans, objectives, expectations and intentions and other statements that are not historical or current facts. Forward-looking statements are based on NYSE Euronext’s current expectations and involve risks and uncertainties that could cause actual results to differ materially from those expressed or implied in such forward-looking statements. Factors that could cause NYSE Euronext’s results to differ materially from current expectations include, but are not limited to: NYSE Euronext’s ability to implement its strategic initiatives, economic, political and market conditions and fluctuations, government and industry regulation, interest rate risk and U.S. and global competition, and other factors detailed in NYSE Euronext’s reference document for 2009 ("document de référence") filed with the French Autorité des Marchés Financiers (Filed on April 22, 2010 under No. D.10-0304), 2009 Annual Report on Form 10-K and other periodic reports filed with the U.S. Securities and Exchange Commission or the French Autorité des Marchés Financiers. In addition, these statements are based on a number of assumptions that are subject to change. Accordingly, actual results may be materially higher or lower than those projected. The inclusion of such projections herein should not be regarded as a representation by NYSE Euronext that the projections will prove to be correct. This press release speaks only as of this date. NYSE Euronext disclaims any duty to update the information herein.

¹ All NYSE Euronext derivatives transactions count buy and sell orders together as a single transaction. NYSE Euronext European equities transactions count each buy and sell order as separate transactions, NYSE Euronext U.S. equities transactions count buy and sell orders together as a single transaction.

NYSE Euronext
Monthly Volume Summary - Derivatives Products
(Unaudited; contracts in thousands)		Average Daily Volume						Total Volume						Average Daily Volume				Total Volume
		Jun-10		Jun-09		% Chg		Jun-10		Jun-09		% Chg		YTD 2010		% Chg vs. YTD 2009		YTD 2010		% Chg vs. YTD 2009
Number of Trading Days - European Markets		22		22				22		22				126				126
Number of Trading Days - U.S. Markets		22		22				22		22				124				124
European Derivatives Products		4,733		4,612		2.6%		104,115		101,455		2.6%		5,740		32.7%		723,204		33.7%
of which Bclear		1,620		1,170		38.5%		35,648		25,744		38.5%		1,812		52.8%		228,263		54.0%
Total Fixed Income Products		1,893		2,412		-21.5%		41,641		53,059		-21.5%		2,690		29.7%		338,916		30.7%
Short Term Interest Rate Products		1,792		2,322		-22.8%		39,416		51,073		-22.8%		2,570		30.2%		323,841		31.2%
Medium and Long Term Interest Rate Products 1		101		90		12.1%		2,226		1,985		12.1%		120		20.1%		15,075		21.1%
Total Equity Products 2		2,778		2,150		29.2%		61,112		47,292		29.2%		2,996		35.9%		377,534		36.9%
Individual Equity Products		2,074		1,503		38.0%		45,620		33,066		38.0%		2,332		48.6%		293,777		49.8%
Futures		1,398		929		50.4%		30,754		20,446		50.4%		1,564		69.3%		197,016		70.7%
Options		676		574		17.8%		14,866		12,620		17.8%		768		18.9%		96,760		19.9%
Equity Index Products		704		647		8.9%		15,492		14,226		8.9%		665		4.5%		83,758		5.3%
of which Bclear		1,620		1,170		38.5%		35,648		25,744		38.5%		1,812		52.8%		228,263		54.0%
Individual Equity Products		1,514		1,029		47.2%		33,308		22,632		47.2%		1,701		62.1%		214,371		63.3%
Futures		1,395		928		50.4%		30,692		20,409		50.4%		1,563		70.9%		196,877		72.3%
Options		119		101		17.6%		2,616		2,224		17.6%		139		2.3%		17,495		3.1%
Equity Index Products		106		141		-24.8%		2,340		3,111		-24.8%		110		-19.0%		13,892		-18.3%
Commodity Products		62		50		23.4%		1,362		1,104		23.4%		54		13.5%		6,754		14.4%
U.S. Derivatives Products
Equity Options 3
NYSE Group Options Contracts		3,430		2,758		24.4%		75,464		60,670		24.4%		3,891		59.6%		482,527		59.6%
Total Consolidated Options Contracts		12,968		13,442		-3.5%		285,302		295,714		-3.5%		14,843		8.5%		1,840,558		8.5%
NYSE Group Share of Total		26.5%		20.5%				26.5%		20.5%				26.2%		8.4%		26.2%		8.4%
NYSE Liffe U.S.
Futures and Futures Options Volume		16.1		14.1		14.3%		355		310		14.3%		19.7		12.7%		2,437.7		12.7%
NYSE Euronext
Monthly Volume Summary - Cash Products
		Average Daily Volume						Total Volume						Average Daily Volume				Total Volume
(Unaudited)		Jun-10		Jun-09		% Chg		Jun-10		Jun-09		% Chg		YTD 2010		% Chg vs. YTD 2009		YTD 2010		% Chg vs. YTD 2009
Number of Trading Days - European Markets		22		22				22		22				126				126		-
Number of Trading Days - U.S. Markets		22		22				22		22				124				124
European Cash Products (trades in thousands)		1,562		1,320		18.4%		34,362		29,034		18.4%		1,545		9.2%		194,709		10.1%
Equities		1,501		1,266		18.5%		33,022		27,859		18.5%		1,483		9.7%		186,904		10.6%
Exchange-Traded Funds		18		13		36.7%		405		296		36.7%		19		32.0%		2,373		33.1%
Structured Products		37		34		7.6%		804		747		7.6%		37		-13.4%		4,647		-12.7%
Bonds		6		6		-0.2%		131		131		-0.2%		6		11.0%		785		11.9%
U.S. Cash Products (shares in millions) 5		2,999		3,220		-6.9%		65,983		70,842		-6.9%		2,883		-24.7%		357,503		-24.7%
NYSE Listed (Tape A) Issues 4
NYSE Group Handled Volume 5		2,224		2,301		-3.3%		48,929		50,612		-3.3%		2,100		-24.4%		260,354		-24.4%
NYSE Group Matched Volume 6		2,097		2,110		-0.7%		46,123		46,427		-0.7%		1,960		-22.2%		242,993		-22.2%
Total NYSE Listed Consolidated Volume		5,431		5,287		2.7%		119,478		116,306		2.7%		5,452		-12.5%		676,021		-12.5%
NYSE Group Share of Total Consolidated Volume
Handled Volume 5		41.0%		43.5%		-2.5%		41.0%		43.5%		-2.5%		38.5%		-6.1%		38.5%		-6.1%
Matched Volume 6		38.6%		39.9%		-1.3%		38.6%		39.9%		-1.3%		35.9%		-4.5%		35.9%		-4.5%
NYSE Arca & Amex (Tape B) Listed Issues
NYSE Group Handled Volume 5		449		543		-17.3%		9,880		11,942		-17.3%		433		-32.9%		53,720		-32.9%
NYSE Group Matched Volume 6		405		479		-15.5%		8,902		10,532		-15.5%		386		-31.8%		47,906		-31.8%
Total NYSE Arca & Amex Listed Consolidated Volume		1,672		1,999		-16.4%		36,776		43,988		-16.4%		1,659		-28.1%		205,709		-28.1%
NYSE Group Share of Total Consolidated Volume
Handled Volume 5		26.9%		27.1%		-0.2%		26.9%		27.1%		-0.2%		26.1%		-1.9%		26.1%		-1.9%
Matched Volume 6		24.2%		23.9%		0.3%		24.2%		23.9%		0.3%		23.3%		-1.3%		23.3%		-1.3%
Nasdaq Listed (Tape C) Issues
NYSE Group Handled Volume 5		326		377		-13.4%		7,175		8,287		-13.4%		350		-14.2%		43,428		-14.2%
NYSE Group Matched Volume 6		277		306		-9.4%		6,097		6,731		-9.4%		291		-13.4%		36,088		-13.4%
Total Nasdaq Listed Consolidated Volume		2,263		2,461		-8.1%		49,779		54,143		-8.1%		2,435		4.8%		301,991		4.8%
NYSE Group Share of Total Consolidated Volume
Handled Volume 5		14.4%		15.3%		-0.9%		14.4%		15.3%		-0.9%		14.4%		-3.2%		14.4%		-3.2%
Matched Volume 6		12.2%		12.4%		-0.2%		12.2%		12.4%		-0.2%		11.9%		-2.6%		11.9%		-2.6%
Exchange-Traded Funds 5,7
NYSE Group Handled Volume 5		425		516		-17.7%		9,344		11,353		-17.7%		416		-35.4%		51,573		-35.4%
NYSE Group Matched Volume 6		382		456		-16.1%		8,412		10,031		-16.1%		372		-34.3%		46,135		-34.3%
Total ETF Consolidated Volume		1,656		1,983		-16.5%		36,433		43,618		-16.5%		1,637		-30.6%		203,037		-30.6%
NYSE Group Share of Total Consolidated Volume
Handled Volume 5		25.6%		26.0%		-0.4%		25.6%		26.0%		-0.4%		25.4%		-1.9%		25.4%		-1.9%
Matched Volume 6		23.1%		23.0%		0.1%		23.1%		23.0%		0.1%		22.7%		-1.3%		22.7%		-1.3%

1	Data includes currency products.
2	Includes all trading activities for Bclear, NYSE Liffe's clearing service for wholesale derivatives.
3	Includes trading in U.S. equity options contracts, not equity-index options.
4	Includes all volume executed in NYSE Group crossing sessions.
5	Represents the total number of shares of equity securities and ETFs internally matched on the NYSE Group's exchanges or routed to and executed at an external market center. NYSE Arca routing includes odd-lots.
6	Represents the total number of shares of equity securities and ETFs executed on the NYSE Group's exchanges.
7	Data included in previously identified categories.
	Source: NYSE Euronext, Options Clearing Corporation and Consolidated Tape as reported for equity securities.
	All trading activity is single-counted, except European cash trading which is double counted to include both buys and sells.

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