NYX Nyse Euronext

NYSE Euronext (NYX) today announced trading volumes for its global derivatives and cash equities exchanges for May 20101. NYSE Euronext set an all-time record of 13.3 million global derivatives contracts traded per day in May 2010. European derivatives average daily volume (“ADV”) increased 51.5%, driven by a 56.6% increase in fixed income derivatives product ADV and a 48.8% increase in equity derivatives products. U.S. options ADV increased 90.3% and market share increased to 26.0%. Cash equities ADV was also strong in May 2010, with European cash trading volumes increasing 37.3% compared to prior year levels. U.S. cash trading volumes of 3.8 billion shares in May 2010 were in line with prior year levels, but up 33.5% compared to April 2010 and Tape A matched market share increased to 37.8%, the highest level since June 2009.

Highlights

• NYSE Euronext’s global derivatives businesses (Europe and U.S. combined) averaged an all-time record 13.3 million contracts traded per day during the month of May 2010.
• On May 7, 2010, NYSE Liffe set a new exchange record for derivative contracts traded of 16.1 million contracts in a single day, well above the previous record of 14.9 million contracts recorded on May 6, 2010.
• NYSE Euronext European derivatives products ADV in May 2010 of 8.5 million contracts increased 51.5% compared to May 2009 and increased 24.6% from April 2010 levels. Total European fixed income products ADV in May 2010 of 3.4 million contracts increased 56.6% compared to May 2009 and increased 23.5% from April 2010. Total equity products ADV of 5.0 million contracts in May 2010 increased 48.8% compared to May 2009 and increased 26.0% from April 2010.
• NYSE Euronext U.S. equity options (NYSE Arca and NYSE Amex) ADV of 4.8 million contracts in May 2010 increased 90.3% compared to May 2009 levels and increased 20.2% from April 2010. NYSE Euronext’s U.S. options exchanges accounted for 26.0% of the total consolidated equity options trading in May 2010, up from 17.1% in May 2009 and up from the 25.3% recorded in April 2010.
• NYSE Euronext European cash products ADV of 2.0 million transactions in May 2010 increased 37.3% compared to May 2009 and increased 28.2% from April 2010.
• NYSE Euronext U.S. cash products (NYSE, NYSE Arca and NYSE Amex) handled ADV of 3.8 billion shares in May 2010 decreased 0.3% compared to May 2009, but increased 33.5% compared to April 2010. NYSE Euronext’s Tape A matched market share in May 2010 was 37.8%, the highest level since June 2009, up from 34.1% in April 2010.
• There were a total of 21 trading days in Europe and 20 days in the U.S. in May 2010 compared to 20 trading days in both Europe and the U.S. in May 2009.

Derivatives Trading

• NYSE Euronext’s global derivatives businesses averaged an all-time record 13.3 million contracts traded per day during the month of May 2010.

European Derivatives

• On May 7, 2010, NYSE Liffe set a new exchange record for derivative contracts traded of 16.1 million contracts in a single day, well above the previous record of 14.9 million contracts recorded on May 6, 2010.
• NYSE Euronext European derivatives products ADV in May 2010 was 8.5 million futures and options contracts, an increase of 51.5% from May 2009 and an increase of 24.6% from April 2010. The 8.5 million in futures and options contracts ADV in May 2010 consisted of 4.9 million contracts executed through our full-service LIFFE CONNECT trading platform and 3.5 million contracts, or 41.9%, executed through Bclear, NYSE Liffe's trade administration and clearing service for OTC products. Year-to-date, European derivatives products ADV of 6.0 million contracts was 39.5% above prior year levels. The 6.0 million in futures and options contracts ADV year-to-date consisted of 4.1 million contracts executed through the LIFFE CONNECT trading platform and 1.9 million contracts, or 31.1%, executed through Bclear.
• Total fixed income products ADV of 3.4 million contracts in May 2010 increased 56.6% from May 2009 and increased 23.5% from April 2010. Year-to-date, total fixed income products ADV of 2.9 million contracts was 42.8% above prior year levels.
• Total equity products (including Bclear) ADV of 5.0 million contracts in May 2010 increased 48.8% compared to May 2009 and increased 26.0% from April 2010. The 5.0 million contracts in equity products ADV consisted of 4.2 million contracts in individual equity products ADV and 0.8 million contracts in equity index products ADV. The 4.2 million contracts in individual equity products ADV consisted of 3.3 million in futures contracts, which represented a 61.0% increase compared to May 2009 and 0.9 million in options contracts, which represented a 20.2% increase compared to May 2009. The 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 3.0 million contracts was 37.2% above prior year levels.
• Total commodities products ADV of 46,000 contracts in May 2010 increased 6.4% compared to May 2009, but decreased 19.3% from April 2010. Year-to-date, total commodities product ADV of 52,000 contracts was 11.2% above prior year levels.

U.S. Derivatives

• NYSE Euronext U.S. equity options (NYSE Arca and NYSE Amex) ADV of 4.8 million contracts in May 2010 increased 90.3% compared to May 2009 and increased 20.2% compared to April 2010. Year-to-date, U.S. equity options ADV of 4.0 million contracts was 68.5% above prior year levels.
• Total U.S. consolidated equity options ADV increased 25.1% to 18.5 million contracts in May 2010 compared to May 2009 and increased 17.1% compared to April 2010. Year-to-date, U.S. consolidated equity options ADV of 15.2 million contracts was 11.0% above prior year levels.
• NYSE Euronext’s U.S. options exchanges accounted for 26.0% of the total consolidated equity options trading in May 2010, up from 17.1% in May 2009 and up from 25.3% in April 2010.
• NYSE Euronext U.S. futures and futures options (NYSE Liffe U.S.) ADV in May 2010 was approximately 21,000 contracts, compared to 18,800 contracts in April 2010. Year-to-date U.S. futures and futures options ADV was 20,400 contracts.

Cash Trading

European Cash

• NYSE Euronext European cash products ADV of 2.0 million transactions in May 2010 increased 37.3% compared to May 2009 and increased 28.2% compared to April 2010. Year-to-date, European cash products ADV of 1.5 million transactions was 7.5% above prior year levels.
• SmartPool, NYSE Euronext’s European dark pool established in partnership with HSBC, J.P. Morgan and BNP Paribas, experienced record growth in May 2010 becoming the third largest dark pool multilateral trading facility in terms of value-traded.

U.S. Cash

• NYSE Euronext U.S. cash products handled ADV in May 2010 decreased 0.3% to 3.8 billion shares compared to May 2009, but increased 33.5% from April 2010. Year-to-date, U.S. cash products handled ADV was 2.9 billion shares, down 27.9% from prior year levels.
• NYSE Euronext’s Tape A matched market share in May 2010 was 37.8%, the highest level since June 2009, up from 34.1% in April 2010.
• Designated Market Maker participation in May 2010 was 9.0%, compared to 9.5% in April 2010. Supplemental Liquidity Provider participation in May 2010 was 14.9%, compared to 12.0% in April 2010. DMM and SLP participation pertain only to trading on NYSE.
• The increase in U.S. cash trading volume in May resulted in more clients hitting volume tiers which negatively impacted the average net capture rate per 100 shares handled during the month of May 2010.

Exchange Traded Products

• NYSE Euronext U.S. matched exchange-traded products ADV (included in volumes for Tape B and Tape C) of 555 million shares in May 2010 increased 1.2% compared to May 2009 and increased 70.2% compared to April 2010. Year-to-date, NYSE Euronext U.S. matched exchange-traded products ADV of 370 million shares was 37.3% 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 EuronextMonthly Volume Summary - Derivatives Products

                  Average Daily Volume Total Volume Average Daily Volume Total Volume (Unaudited; contracts in thousands) May-10 May-09 % Chg May-10 May-09 % Chg YTD 2010

% Chg vs.YTD 2009

YTD 2010

% Chg vs.YTD 2009

  Number of Trading Days - European Markets 21 20 21 20 104 104 Number of Trading Days - U.S. Markets 20 20 20 20 102 102   European Derivatives Products 8,461 5,584 51.5% 177,677 111,670 59.1% 5,953 39.5% 619,088 40.9% of which Bclear 3,542 2,373 49.3% 74,386 47,451 56.8% 1,852 55.7% 192,615 57.2%   Total Fixed Income Products 3,400 2,171 56.6% 71,398 43,421 64.4% 2,858 42.8% 297,275 44.2%   Short Term Interest Rate Products 3,234 2,047 58.0% 67,919 40,931 65.9% 2,735 43.9% 284,426 45.3% Medium and Long Term Interest Rate Products 1 166 124 33.1% 3,479 2,489 39.8% 124 21.6% 12,849 22.8%   Total Equity Products 2 5,015 3,369 48.8% 105,310 67,382 56.3% 3,043 37.2% 316,422 38.5%   Individual Equity Products 4,196 2,800 49.8% 88,111 56,007 57.3% 2,386 50.7% 248,157 52.2% Futures 3,276 2,035 61.0% 68,803 40,705 69.0% 1,599 73.3% 166,263 75.0% Options 919 765 20.2% 19,307 15,302 26.2% 787 19.1% 81,894 20.3% Equity Index Products 819 569 44.0% 17,199 11,375 51.2% 656 3.5% 68,265 4.5%   of which Bclear 3,542 2,373 49.3% 74,386 47,451 56.8% 1,852 55.7% 192,615 57.2% Individual Equity Products 3,436 2,266 51.6% 72,163 45,330 59.2% 1,741 65.1% 181,063 66.7% Futures 3,276 2,034 61.1% 68,787 40,675 69.1% 1,598 75.4% 166,185 77.1% Options 161 233 -30.9% 3,376 4,655 -27.5% 143 0.0% 14,879 0.9% Equity Index Products 106 106 -0.2% 2,223 2,121 4.8% 111 -17.7% 11,552 -16.9%   Commodity Products 46 43 6.4% 969 868 11.7% 52 11.2% 5,391 12.3%   U.S. Derivatives Products   Equity Options 3   NYSE Group Options Contracts 4,819 2,532 90.3% 96,372 50,649 90.3% 3,991 68.5% 407,063 68.5% Total Consolidated Options Contracts 18,522 14,805 25.1% 370,448 296,098 25.1% 15,248 11.0% 1,555,256 11.0%   NYSE Group Share of Total 26.0% 17.1% 26.0% 17.1% 26.2% 9.0% 26.2% 9.0%   NYSE Liffe U.S.   Futures and Futures Options Volume 21.0 14.7 43.1% 420 294 43.1% 20.4 12.4% 2,082.9 12.4%      

NYSE EuronextMonthly Volume Summary - Cash Products

  Average Daily Volume Total Volume Average Daily Volume Total Volume (Unaudited) May-10 May-09 % Chg May-10 May-09 % Chg YTD 2010

% Chg vs.YTD 2009

YTD 2010

% Chg vs.YTD 2009

  Number of Trading Days - European Markets 21 20 21 20 104 104 Number of Trading Days - U.S. Markets 20 20 20 20 102 102   European Cash Products (trades in thousands) 2,025 1,475 37.3% 42,521 29,491 44.2% 1,542 7.5% 160,346 8.5%   Equities 1,942 1,418 37.0% 40,792 28,355 43.9% 1,480 8.0% 153,882 9.0% Exchange-Traded Funds 28 15 84.2% 592 306 93.4% 19 31.1% 1,968 32.3% Structured Products 48 36 33.2% 1,012 724 39.9% 37 -16.8% 3,843 -16.0% Bonds 6 5 11.5% 125 107 17.0% 6 13.6% 654 14.7%   U.S. Cash Products (shares in millions) 5 3,821 3,832 -0.3% 76,422 76,648 -0.3% 2,858 -27.9% 291,520 -27.9%   NYSE Listed (Tape A) Issues 4   NYSE Group Handled Volume 5 2,774 2,787 -0.5% 55,471 55,731 -0.5% 2,073 -28.0% 211,425 -28.0% NYSE Group Matched Volume 6 2,607 2,526 3.2% 52,138 50,514 3.2% 1,930 -25.9% 196,869 -25.9% Total NYSE Listed Consolidated Volume 6,900 6,490 6.3% 138,004 129,791 6.3% 5,456 -15.2% 556,543 -15.2%   NYSE Group Share of Total Consolidated Volume Handled Volume 5 40.2% 42.9% -2.7% 40.2% 42.9% -2.7% 38.0% -6.8% 38.0% -6.8% Matched Volume 6 37.8% 38.9% -1.1% 37.8% 38.9% -1.1% 35.4% -5.1% 35.4% -5.1%   NYSE Arca & Amex (Tape B) Listed Issues   NYSE Group Handled Volume 5 629 634 -0.8% 12,581 12,678 -0.8% 430 -35.6% 43,841 -35.6% NYSE Group Matched Volume 6 561 552 1.6% 11,227 11,046 1.6% 382 -34.7% 39,005 -34.7% Total NYSE Arca & Amex Listed Consolidated Volume 2,397 2,407 -0.4% 47,939 48,143 -0.4% 1,656 -30.2% 168,934 -30.2%   NYSE Group Share of Total Consolidated Volume Handled Volume 5 26.2% 26.3% -0.1% 26.2% 26.3% -0.1% 26.0% -2.1% 26.0% -2.1% Matched Volume 6 23.4% 22.9% 0.5% 23.4% 22.9% 0.5% 23.1% -1.6% 23.1% -1.6%   Nasdaq Listed (Tape C) Issues   NYSE Group Handled Volume 5 419 412 1.6% 8,370 8,238 1.6% 355 -14.3% 36,254 -14.3% NYSE Group Matched Volume 6 357 337 6.0% 7,136 6,734 6.0% 294 -14.2% 29,991 -14.2% Total Nasdaq Listed Consolidated Volume 2,826 2,418 16.9% 56,514 48,351 16.9% 2,473 7.8% 252,212 7.8%   NYSE Group Share of Total Consolidated Volume Handled Volume 5 14.8% 17.0% -2.2% 14.8% 17.0% -2.2% 14.4% -3.7% 14.4% -3.7% Matched Volume 6 12.6% 13.9% -1.3% 12.6% 13.9% -1.3% 11.9% -3.0% 11.9% -3.0%   Exchange-Traded Funds 5,7   NYSE Group Handled Volume 5 620 627 -1.1% 12,404 12,536 -1.1% 414 -38.3% 42,229 -38.3% NYSE Group Matched Volume 6 555 548 1.2% 11,097 10,964 1.2% 370 -37.3% 37,723 -37.3% Total ETF Consolidated Volume 2,425 2,435 -0.4% 48,496 48,703 -0.4% 1,633 -33.0% 166,604 -33.0%   NYSE Group Share of Total Consolidated Volume Handled Volume 5 25.6% 25.7% -0.1% 25.6% 25.7% -0.1% 25.3% -2.2% 25.3% -2.2% Matched Volume 6 22.9% 22.5% 0.4% 22.9% 22.5% 0.4% 22.6% -1.6% 22.6% -1.6%   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.