NYX Nyse Euronext

Transatlantic stock market operator NYSE Euronext (NYX) reported Friday a surge in futures and options trade on both sides of the Atlantic, with global turmoil driven by sovereign debt fears in Europe pushing trade to record levels.

NYSE Euronext saw a 56.6% rise in contract volume for its U.K. interest-rate futures markets, a line of business hit hard by the financial crisis in 2008, while stateside stock options trading nearly doubled amid the busiest month on record for the U.S. options industry.

Combined derivatives businesses in Europe and U.S. averaged an all-time record 13.3 million contracts traded a day in May, NYSE Euronext said in a Friday report.

Deutsche Boerse AG (DB1.XE), which also operates European derivatives markets alongside a presence in U.S. options, earlier this week reported average turnover of 16.2 million contracts per day in May; sector leader CME Group Inc. (CME) averaged 16.8 million contracts.

The ongoing credit issues faced by European nations has driven investors in droves to hedge risk in the world's major derivatives markets, helping drive a rebound in trading activity after volumes slumped in the wake of the financial crisis.

NYSE Euronext's European derivatives average daily volume increased 51.5%, driven by a 56.6% rise in futures contracts tied to key interest rates, alongside a 48.8% increase in stock-linked derivatives products.

Average daily volume on its U.S. options platforms increased 90.3%, while market share rose to 26%, NYSE Euronext said.

The massive moves in the U.S. stock market May 6 also stoked market fears and prompted heavy turnover in stocks around the globe. NYSE Euronext's European cash trading volumes in May climbed 37.3% compared with the prior-year period.

U.S. stock trading volumes of 3.8 billion shares in May 2010 jumped 33.5% over April levels, pushing NYSE Euronext's share of the market to about 29%, up from 26% the previous month as more investors shifted activity to exchanges.

The jump in customers' stock-trading activity for the month saw more traders hit volume targets, which ended up lowering NYSE Euronext's average net capture rate for the business, the company said.

-By Elena Berton and Jacob Bunge, Dow Jones Newswires; +33 1 4017 1765; elena.berton@dowjones.com

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