NYSE Euronext Announces Trading Volumes for July 2010

Published on Friday, 06 August 2010 02:36 Written by TradersHuddle Staff

NEW YORK-( Business Wire )-

NYSE Euronext (NYX) today announced trading volumes for its global derivatives and cash equities exchanges for July 2010¹. Trading volumes experienced double-digit growth across most venues in July 2010 compared to the prior year period, but declined from June 2010 levels. Global derivatives average daily volume (“ADV”) increased 17.5% to 7.1 million contracts traded per day in July 2010. The strong increase in derivatives ADV versus prior year levels was driven by an 11.1% increase in European derivatives ADV and a 26.8% increase in U.S. equity options ADV in July 2010. Cash equities ADV in July 2010 was mixed, with European cash trading volumes increasing 19.5%, but U.S. cash trading volumes decreasing 7.2% compared to prior year levels.

Highlights

• NYSE Euronext global derivatives ADV in July 2010 of 7.1 million contracts increased 17.5% compared to June 2009, but decreased 13.6% from June 2010 levels.
• NYSE Euronext European derivatives products ADV in July 2010 of 4.0 million contracts increased 11.1% compared to July 2009, but decreased 16.4% from June 2010 levels. Total European fixed income products ADV in July 2010 of 2.0 million contracts increased 25.2% compared to July 2009 and increased 4.8% from June 2010. Total equity products ADV of 1.9 million contracts in July 2010 decreased 2.3% compared to July 2009 and decreased 32.0% from June 2010.
• NYSE Euronext U.S. equity options (NYSE Arca and NYSE Amex) ADV of 3.1 million contracts in July 2010 increased 26.8% compared to July 2009 levels, but decreased 9.7% from June 2010. NYSE Euronext’s U.S. options exchanges accounted for 25.3% of the total consolidated equity options trading in July 2010, up from 18.8% in July 2009, but down from 26.5% recorded in June 2010.
• NYSE Euronext European cash products ADV of 1.4 million transactions in July 2010 increased 19.5% compared to July 2009, but decreased 9.4% from June 2010.
• NYSE Euronext U.S. cash products (NYSE, NYSE Arca and NYSE Amex) handled ADV of 2.6 billion shares in July 2010 decreased 7.2% compared to July 2009 and decreased 12.6% compared to June 2010. NYSE Euronext’s Tape A matched market share in July 2010 was 37.6%, up from 36.6% in July 2009, but down from 38.8% in June 2010.
• There were a total of 22 trading days in Europe and 21 in the U.S. in July 2010 compared to 23 days in Europe and 22 days in the U.S. in July 2009.

Derivatives Trading

European Derivatives

• NYSE Euronext European derivatives products ADV in June 2010 was 4.0 million futures and options contracts, an increase of 11.1% from July 2009, but a decrease of 16.4% from June 2010. The 4.0 million in futures and options contracts ADV in July 2010 consisted of 3.0 million contracts executed through our full-service LIFFE CONNECT trading platform and 0.9 million contracts, or 23.8%, executed through Bclear, NYSE Liffe's trade administration and clearing service for OTC products.
• Year-to-date, European derivatives products ADV of 5.5 million contracts was 30.1% above prior year levels. The 5.5 million in futures and options contracts ADV year-to-date consisted of 3.8 million contracts executed through the LIFFE CONNECT trading platform and 1.7 million contracts, or 30.7%, executed through Bclear.
• Total fixed income products ADV of 2.0 million contracts in July 2010 increased 25.2% from July 2009 and increased 4.8% from June 2010. Year-to-date, total fixed income products ADV of 2.6 million contracts was 29.4% above prior year levels.
• Total equity products (including Bclear) ADV of 1.9 million contracts in July 2010 decreased 2.3% compared to July 2009 and decreased 32.0% from June 2010. The 1.9 million contracts in equity products ADV consisted of 1.4 million contracts in individual equity products ADV and 0.5 million contracts in equity index products ADV. The 1.3 million contracts in individual equity products ADV consisted of 0.8 million in futures contracts, which represented a 6.6% decrease compared to July 2009, and 0.5 million in options contracts, which represented a 0.3% decrease compared to July 2009. The average rate per contract for individual equity futures contracts is significantly lower than other products traded on NYSE Liffe. Year-to-date, total equity products ADV of 2.8 million contracts was 30.9% above prior year levels.
• Total commodities products ADV of 85,000 contracts in July 2010 increased 88.8% compared to July 2009 and increased 37.2% from June 2010. Year-to-date, total commodities product ADV of 58,000 contracts was 24.2% above prior year levels.

U.S. Derivatives

• NYSE Euronext U.S. equity options (NYSE Arca and NYSE Amex) ADV of 3.1 million contracts in July 2010 increased 26.8% compared to July 2009, but decreased 9.7% compared to June 2010.
• Year-to-date, U.S. equity options ADV of 3.8 million contracts was 54.9% above prior year levels.
• Total U.S. consolidated equity options ADV decreased 5.8% to 12.2 million contracts in July 2010 compared to July 2009 and decreased 5.6% compared to June 2010. Year-to-date, U.S. consolidated equity options ADV of 14.5 million contracts was 6.5% above prior year levels.
• NYSE Euronext’s U.S. options exchanges accounted for 25.3% of the total U.S. consolidated equity options trading in July 2010, up from 18.8% in July 2009, but down from 26.5% in June 2010.
• NYSE Euronext U.S. futures and futures options (NYSE Liffe U.S.) ADV in July 2010 was approximately 11,800 contracts, compared to 16,100 contracts in June 2010. Year-to-date U.S. futures and futures options ADV was 18,500 contracts.

Cash Trading

European Cash

• NYSE Euronext European cash products ADV of 1.4 million transactions in July 2010 increased 19.5% compared to July 2009, but decreased 9.4% compared to June 2010.
• Year-to-date, European cash products ADV of 1.5 million transactions was 10.7% above prior year levels.

U.S. Cash

• NYSE Euronext U.S. cash products handled ADV in July 2010 decreased 7.2% to 2.6 billion shares compared to July 2009 and decreased 13.1% from June 2010.
• Year-to-date, U.S. cash products handled ADV was 2.8 billion shares, down 22.6% from prior year levels.
• NYSE Euronext’s Tape A matched market share in July 2010 was 37.6%, up from 36.6% in July 2009, but down from 38.8% in June 2010.
• Designated Market Maker participation in July 2010 was 9.6%, compared to 8.5% in June 2010. Supplemental Liquidity Provider participation in July 2010 was 12.4%, compared to 13.3% in June 2010. DMM participation pertains 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 337 million shares in July 2010 decreased 5.2% compared to July 2009 and decreased 11.8% compared to June 2010. Year-to-date, NYSE Euronext U.S. matched exchange-traded products ADV of 367 million shares was 31.3% below prior year levels.

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
		Average Daily Volume						Total Volume						Average Daily Volume				Total Volume
(Unaudited; contracts in thousands)		Jul-10		Jul-09		% Chg		Jul-10		Jul-09		% Chg		YTD 2010		% Chg vs. YTD 2009		YTD 2010		% Chg vs. YTD 2009
Number of Trading Days - European Markets		22		23				22		23				148				148
Number of Trading Days - U.S. Markets		21		22				21		22				145				145
European Derivatives Products		3,957		3,562		11.1%		87,052		81,924		6.3%		5,475		30.1%		810,255		30.1%
of which Bclear		940		1,056		-11.0%		20,680		24,281		-14.8%		1,682		44.3%		248,943		44.3%
Total Fixed Income Products		1,984		1,584		25.2%		43,640		36,434		19.8%		2,585		29.4%		382,556		29.4%
Short Term Interest Rate Products		1,895		1,499		26.4%		41,688		34,483		20.9%		2,470		30.0%		365,530		30.0%
Medium and Long Term Interest Rate Products 1		89		85		4.5%		1,952		1,952		0.0%		115		18.2%		17,026		18.2%
Total Equity Products 2		1,888		1,933		-2.3%		41,543		44,455		-6.5%		2,832		30.9%		419,077		30.9%
Individual Equity Products		1,350		1,409		-4.2%		29,699		32,403		-8.3%		2,186		41.5%		323,475		41.5%
Futures		813		870		-6.6%		17,884		20,010		-10.6%		1,452		58.6%		214,900		58.6%
Options		537		539		-0.3%		11,815		12,393		-4.7%		734		16.6%		108,575		16.6%
Equity Index Products		538		524		2.7%		11,844		12,052		-1.7%		646		4.4%		95,601		4.4%
of which Bclear		940		1,056		-11.0%		20,680		24,281		-14.8%		1,682		44.3%		248,943		44.3%
Individual Equity Products		881		949		-7.1%		19,380		21,820		-11.2%		1,579		52.7%		233,752		52.7%
Futures		799		869		-8.0%		17,577		19,981		-12.0%		1,449		59.7%		214,454		59.7%
Options		82		80		2.5%		1,803		1,839		-1.9%		130		2.6%		19,298		2.6%
Equity Index Products		59		107		-44.8%		1,299		2,461		-47.2%		103		-22.0%		15,191		-22.0%
Commodity Products		85		45		88.8%		1,869		1,035		80.6%		58		24.2%		8,623		24.2%
U.S. Derivatives Products
Equity Options 3
NYSE Group Options Contracts		3,096		2,441		26.8%		65,015		53,704		21.1%		3,776		54.9%		547,542		53.8%
Total Consolidated Options Contracts		12,241		12,989		-5.8%		257,061		285,750		-10.0%		14,466		6.5%		2,097,619		5.8%
NYSE Group Share of Total		25.3%		18.8%				25.3%		18.8%				26.1%		8.1%		26.1%		8.1%
NYSE Liffe U.S.
Futures and Futures Options Volume		11.8		11.9		-1.3%		247		262		-5.8%		18.5		11.4%		2,684.9		10.7%
NYSE Euronext
Monthly Volume Summary - Cash Products
		Average Daily Volume						Total Volume						Average Daily Volume				Total Volume
(Unaudited)		Jul-10		Jul-09		% Chg		Jul-10		Jul-09		% Chg		YTD 2010		% Chg vs. YTD 2009		YTD 2010		% Chg vs. YTD 2009
Number of Trading Days - European Markets		22		23				22		23				148				148
Number of Trading Days - U.S. Markets		21		22				21		22				145				145
European Cash Products (trades in thousands)		1,416		1,184		19.5%		31,144		27,238		14.3%		1,526		10.7%		225,853		10.7%
Equities		1,364		1,135		20.1%		30,004		26,109		14.9%		1,466		11.2%		216,908		11.2%
Exchange-Traded Funds		16		14		18.2%		353		312		13.0%		18		30.1%		2,725		30.1%
Structured Products		31		30		3.3%		685		693		-1.2%		36		-11.4%		5,332		-11.4%
Bonds		5		5		-14.0%		102		124		-17.7%		6		7.4%		887		7.4%
U.S. Cash Products (shares in millions) 5		2,621		2,826		-7.2%		55,041		62,168		-11.5%		2,848		-22.6%		412,906		-23.1%
NYSE Listed (Tape A) Issues 4
NYSE Group Handled Volume 5		1,894		2,053		-7.7%		39,773		45,155		-11.9%		2,072		-22.3%		300,490		-22.9%
NYSE Group Matched Volume 6		1,779		1,862		-4.5%		37,353		40,962		-8.8%		1,936		-20.0%		280,708		-20.5%
Total NYSE Listed Consolidated Volume		4,728		5,083		-7.0%		99,294		111,824		-11.2%		5,349		-11.7%		775,677		-12.3%
NYSE Group Share of Total Consolidated Volume
Handled Volume 5		40.1%		40.4%		-0.3%		40.1%		40.4%		-0.3%		38.7%		-5.3%		38.7%		-5.4%
Matched Volume 6		37.6%		36.6%		1.0%		37.6%		36.6%		1.0%		36.2%		-3.8%		36.2%		-3.8%
NYSE Arca & Amex (Tape B) Listed Issues
NYSE Group Handled Volume 5		378		416		-9.0%		7,948		9,146		-13.1%		425		-30.4%		61,669		-30.9%
NYSE Group Matched Volume 6		341		359		-5.2%		7,155		7,904		-9.5%		380		-29.1%		55,061		-29.5%
Total NYSE Arca & Amex Listed Consolidated Volume		1,412		1,556		-9.2%		29,649		34,223		-13.4%		1,623		-26.0%		235,359		-26.5%
NYSE Group Share of Total Consolidated Volume
Handled Volume 5		26.8%		26.7%		0.1%		26.8%		26.7%		0.1%		26.2%		-1.6%		26.2%		-1.6%
Matched Volume 6		24.1%		23.1%		1.0%		24.1%		23.1%		1.0%		23.4%		-1.0%		23.4%		-1.0%
Nasdaq Listed (Tape C) Issues
NYSE Group Handled Volume 5		349		358		-2.5%		7,319		7,867		-7.0%		350		-12.6%		50,748		-13.2%
NYSE Group Matched Volume 6		297		285		4.3%		6,231		6,261		-0.5%		292		-11.1%		42,319		-11.7%
Total Nasdaq Listed Consolidated Volume		2,108		2,198		-4.1%		44,266		48,350		-8.4%		2,388		3.6%		346,257		2.9%
NYSE Group Share of Total Consolidated Volume
Handled Volume 5		16.5%		16.3%		0.2%		16.5%		16.3%		0.2%		14.7%		-2.7%		14.7%		-2.7%
Matched Volume 6		14.1%		12.9%		1.2%		14.1%		12.9%		1.2%		12.2%		-2.1%		12.2%		-2.1%
Exchange-Traded Funds 5,7
NYSE Group Handled Volume 5		374		411		-9.1%		7,850		9,045		-13.2%		410		-32.7%		59,423		-33.1%
NYSE Group Matched Volume 6		337		356		-5.2%		7,080		7,823		-9.5%		367		-31.3%		53,215		-31.8%
Total ETF Consolidated Volume		1,422		1,586		-10.4%		29,853		34,902		-14.5%		1,606		-28.4%		232,890		-28.8%
NYSE Group Share of Total Consolidated Volume
Handled Volume 5		26.3%		25.9%		0.4%		26.3%		25.9%		0.4%		25.5%		-1.6%		25.5%		-1.6%
Matched Volume 6		23.7%		22.4%		1.3%		23.7%		22.4%		1.3%		22.8%		-1.0%		22.8%		-1.0%

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.

NYSE EuronextInvestor Relations:+1.212.656.5700 (New York)+33.1.49.27.58.60 (Paris)Media:+31.20.550.4488 (Amsterdam)+32.2.509.1392 (Brussels)+351.217.900.029 (Lisbon)+44.20.7379.2789 (London)+1.212.656.2411 (New York)+33.1.49.27.11.33 (Paris)