The Globe and Mail

Go to the Globe and Mail homepage

Jump to main navigationJump to main content

Press release from Business Wire

NYSE Euronext Announces Trading Volumes for August 2012

<p class='bwalignc'> <i>Decline in Volatility Drives Trading Volumes Lower From Elevated August 2011 Levels</i> </p>

Monday, September 10, 2012

NYSE Euronext Announces Trading Volumes for August 201202:30 EDT Monday, September 10, 2012 NEW YORK (Business Wire) -- NYSE Euronext (NYX) today announced trading volumes for its global derivatives and cash equities exchanges for August 20121. Trading volumes in August 2012 declined year-over-year and month-over-month due to a decrease in volatility compared to August 2011 and the seasonally slower summer period. In August 2011, trading volumes benefited from extreme market volatility in the U.S. and Europe. Highlights NYSE Euronext global derivatives ADV in August 2012 of 6.4 million contracts decreased 38.4% compared to August 2011 and decreased 8.6% from July 2012 levels. NYSE Euronext European derivatives products ADV in August 2012 of 3.2 million contracts decreased 27.8% compared to August 2011 and decreased 6.2% from July 2012. NYSE Euronext U.S. equity options ADV of 3.1 million contracts in August 2012 decreased 46.3% compared to August 2011 levels and decreased 11.4% from July 2012. NYSE Euronext's U.S. options exchanges accounted for 24.8% of total U.S. consolidated equity options trading in August 2012, down from 26.4% in August 2011 and down from 25.9% in July 2012. NYSE Liffe U.S. ADV of approximately 63,200 contracts decreased 53.9% from 137,100 contracts in August 2011, but increased from 53,400 contracts in July 2012. NYSE Euronext European cash products ADV of 1.1 million transactions in August 2012 decreased 50.1% compared to August 2011 and decreased 25.7% from July 2012 levels. NYSE Euronext U.S. cash products handled ADV of 1.4 billion shares in August 2012 decreased 54.6% compared to August 2011 and decreased 12.6% compared to July 2012. NYSE Euronext's Tape A matched market share in August 2012 was 31.6%, down from 36.2% in August 2011 and down from 32.1% in July 2012. Derivatives TradingEuropean Derivatives NYSE Euronext European derivatives products ADV in August 2012 of 3.2 million contracts decreased 27.8% compared to August 2011 and decreased 6.2% from July 2012 levels. The 3.2 million in European derivatives futures and options contracts ADV in August 2012 consisted of 2.2 million contracts executed through our full-service LIFFE CONNECT trading platform and 1.0 million contracts, or 32.3%, executed through Bclear, NYSE Liffe's trade administration and clearing service for OTC products. Year-to-date, European derivatives products ADV of 3.8 million contracts was 19.5% below prior year levels. The 3.8 million in futures and options contracts ADV year-to-date consisted of 2.7 million contracts executed through LIFFE CONNECT trading platform and 1.1 million contracts, or 29.6%, executed through Bclear. Total fixed income products ADV of 1.4 million contracts in August 2012 decreased 44.6% from August 2011 and decreased 20.5% from July 2012. Year-to-date, total fixed income products ADV of 1.8 million contracts was 24.5% below prior year levels. Total equity products (including Bclear) ADV of 1.7 million contracts in August 2012 decreased 6.4% compared to August 2011, but increased 12.0% from July 2012. The 1.7 million contracts in equity products ADV in August 2012 consisted of 1.3 million contracts in individual equity products ADV and 0.4 million contracts in equity index products ADV. The 1.3 million contracts in individual equity products ADV consisted of 1.0 million in futures contracts, which represented a 167.9% increase compared to August 2011 and 0.3 million in options contracts, which represented a 48.3% decrease compared to August 2011. The average net rate per contract for individual equity futures contracts is significantly lower than other European derivatives products. Year-to-date, total equity products ADV of 1.9 million contracts was 15.2% below prior year levels. Total commodities products ADV of approximately 89,000 contracts in August 2012 increased 32.1% compared to August 2011 and decreased 25.0% compared to July 2012. Year-to-date, total commodities product ADV of 86,000 contracts was 4.2% above prior year levels.U.S. Derivatives NYSE Euronext U.S. equity options ADV of 3.1 million contracts in August 2012 decreased 46.3% compared to August 2011 and decreased 11.4% compared to July 2012. Year-to-date, U.S. equity options ADV of 3.8 million contracts was 13.6% below prior year levels. Total U.S. consolidated equity options ADV decreased 43.0% to 12.4 million contracts in August 2012 compared to August 2011 and decreased 7.6% compared to July 2012. Year-to-date, U.S. consolidated equity options ADV of 14.8 million contracts was 14.2% below prior year levels. NYSE Euronext's U.S. options exchanges accounted for 24.8% of total U.S. consolidated equity options trading in August 2012, down from 26.4% in August 2011 and down from 25.9% in July 2012. NYSE Liffe U.S. ADV of approximately 63,200 contracts decreased 53.9% from 137,100 contracts in August 2011, but increased from 53,400 contracts in July 2012. Year-to-date, U.S. futures and futures options ADV of 77,900 contracts was 6.3% above prior year levels. Cash TradingEuropean Cash NYSE Euronext European cash products ADV of 1.1 million transactions in August 2012 decreased 50.1% compared to August 2011 and decreased 25.7% compared to July 2012. Year-to-date, European cash products ADV of 1.5 million transactions was 10.9% below prior year levels. U.S. Cash NYSE Euronext U.S. cash products handled ADV in August 2012 decreased 54.6% to 1.4 billion shares compared to August 2011 and decreased 12.6% from July 2012. Year-to-date, U.S. cash products handled ADV was 1.7 billion shares, down 24.6% from prior year levels. NYSE Euronext's Tape A matched market share in August 2012 was 31.6%, down from 36.2% in August 2011 and down from 32.1% in July 2012. Exchange Traded Funds NYSE Euronext U.S. matched exchange-traded funds ADV (included in volumes for Tape B and Tape C) of 168 million shares in August 2012 decreased 67.6% compared to August 2011 and decreased 13.9% compared to July 2012. Year-to-date, NYSE Euronext U.S. matched exchange-traded funds ADV of 217 million shares was 30.5% 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 MKT, 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. 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 2011 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.   NYSE EuronextMonthly Volume Summary                               Average Daily VolumeTotal VolumeAverage Daily VolumeTotal Volume (Unaudited; contracts in thousands) Aug-12Aug-11% ChgAug-12Aug-11% ChgYTD 2012% Chg vs.YTD 2011YTD 2012% Chg vs.YTD 2011   Number of Trading Days - European Cash 23 23 23 23 172 172 Number of Trading Days - European Derivatives 23 23 23 23 173 173 Number of Trading Days - U.S. Markets 23 23 23 23 169 169   European Derivatives Products3,2454,493-27.8%74,641103,332-27.8%3,818-19.5%660,538-18.6%of which Bclear 1,047 527 98.7% 24,086 12,120 98.7% 1,131 -8.6% 195,727 -7.6%   Total Fixed Income Products1,4322,583-44.6%32,93359,398-44.6%1,797-24.5%310,952-23.6%   Short Term Interest Rate Products 1,268 2,410 -47.4% 29,164 55,437 -47.4% 1,647 -26.4% 285,002 -25.6% Medium and Long Term Interest Rate Products 1 164 172 -4.9% 3,769 3,961 -4.9% 150 7.2% 25,951 8.5%   Total Equity Products 21,7251,843-6.4%39,66442,386-6.4%1,935-15.2%334,704-14.2%   Individual Equity Products 1,334 1,066 25.1% 30,686 24,529 25.1% 1,454 -14.4% 251,552 -13.4% Futures 970 362 167.9% 22,302 8,325 167.9% 991 -7.8% 171,507 -6.7% Options 365 705 -48.3% 8,384 16,204 -48.3% 463 -25.8% 80,046 -25.0% Equity Index Products 390 776 -49.7% 8,978 17,857 -49.7% 481 -17.5% 83,151 -16.6%   of which Bclear 1,047 527 98.7% 24,086 12,120 98.7% 1,131 -8.6% 195,727 -7.6% Individual Equity Products 992 424 134.0% 22,821 9,751 134.0% 1,063 -8.4% 183,919 -7.3% Futures 922 319 189.1% 21,196 7,333 189.1% 965 -8.7% 166,883 -7.6% Options 71 105 -32.8% 1,625 2,418 -32.8% 98 -5.6% 17,036 -4.5% Equity Index Products 55 103 -46.6% 1,265 2,369 -46.6% 68 -12.5% 11,808 -11.4%   Commodity Products896732.1%2,0451,54832.1%864.2%14,8825.4%   U.S. Derivatives Products   Equity Options 3   NYSE Euronext Options Contracts 3,088 5,751 -46.3% 71,035 132,265 -46.3% 3,827 -13.6% 646,816 -13.0% Total Consolidated Options Contracts 12,439 21,824 -43.0% 286,101 501,948 -43.0% 14,750 -14.2% 2,492,679 -13.7%   NYSE Group Share of Total 24.8% 26.4% 24.8% 26.4% 25.9% 0.1% 25.9% 0.1%   NYSE Liffe U.S.   Futures and Futures Options Volume* 63.2 137.1 -53.9% 1,453 3,154 -53.9% 77.9 6.3% 13,558.0 7.6%   European Cash Products (trades in thousands)1,0862,176-50.1%24,98550,056-50.1%1,547-10.9%266,026-10.4%   Equities 1,045 2,090 -50.0% 24,033 48,060 -50.0% 1,496 -10.4% 257,272 -9.9% Exchange-Traded Funds 11 29 -61.7% 259 676 -61.7% 14 -30.8% 2,376 -30.4% Structured Products 26 53 -51.8% 587 1,219 -51.8% 32 -23.7% 5,519 -23.2% Bonds 5 4 4.9% 106 101 4.9% 5 -1.3% 860 -0.8%   U.S. Cash Products (shares in millions) 51,4473,189-54.6%33,27573,347-54.6%1,736-24.6%293,459-24.2%   NYSE Listed (Tape A) Issues 4   Handled Volume 5 1,023 2,216 -53.8% 23,537 50,975 -53.8% 1,240 -24.0% 209,498 -23.6% Matched Volume 6 969 2,107 -54.0% 22,286 48,450 -54.0% 1,175 -24.0% 198,500 -23.6% Total NYSE Listed Consolidated Volume 3,067 5,817 -47.3% 70,550 133,794 -47.3% 3,744 -15.2% 632,672 -14.7%   Share of Total Consolidated Volume Handled Volume 5 33.4% 38.1% -4.7% 33.4% 38.1% -4.7% 33.1% -3.9% 33.1% -3.9% Matched Volume 6 31.6% 36.2% -4.6% 31.6% 36.2% -4.6% 31.4% -3.7% 31.4% -3.7%   NYSE Arca, MKT and Regional (Tape B) Listed Issues   Handled Volume 5 197 585 -66.3% 4,537 13,464 -66.3% 257 -31.0% 43,445 -30.6% Matched Volume 6 179 528 -66.0% 4,126 12,142 -66.0% 231 -31.0% 39,076 -30.6% Total NYSE Arca & MKT Listed Consolidated Volume 820 2,248 -63.5% 18,870 51,705 -63.5% 1,087 -24.5% 183,731 -24.1%   Share of Total Consolidated Volume Handled Volume 5 24.0% 26.0% -2.0% 24.0% 26.0% -2.0% 23.6% -2.2% 23.6% -2.2% Matched Volume 6 21.9% 23.5% -1.6% 21.9% 23.5% -1.6% 21.3% -2.0% 21.3% -2.0%   Nasdaq Listed (Tape C) Issues   Handled Volume 5 226 387 -41.6% 5,201 8,908 -41.6% 240 -20.2% 40,517 -19.8% Matched Volume 6 195 342 -43.1% 4,484 7,877 -43.1% 205 -20.5% 34,625 -20.0% Total Nasdaq Listed Consolidated Volume 1,562 2,522 -38.1% 35,920 57,996 -38.1% 1,748 -15.8% 295,431 -15.3%   Share of Total Consolidated Volume Handled Volume 5 14.5% 15.4% -0.9% 14.5% 15.4% -0.9% 13.7% -0.8% 13.7% -0.8% Matched Volume 6 12.5% 13.6% -1.1% 12.5% 13.6% -1.1% 11.7% -0.7% 11.7% -0.7%   Exchange-Traded Funds 5,7   Handled Volume 5 184 574 -67.9% 4,234 13,200 -67.9% 242 -30.5% 40,822 -30.0% Matched Volume 6 168 517 -67.6% 3,856 11,900 -67.6% 217 -30.5% 36,657 -30.1% Total ETF Consolidated Volume 788 2,250 -65.0% 18,130 51,758 -65.0% 1,053 -23.0% 177,983 -22.6%   Share of Total Consolidated Volume Handled Volume 5 23.4% 25.5% -2.1% 23.4% 25.5% -2.1% 22.9% -2.5% 22.9% -2.5% Matched Volume 6 21.3% 23.0% -1.7% 21.3% 23.0% -1.7% 20.6% -2.2% 20.6% -2.2%   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. * ADVs calculated with the appropriate number of NYSE Liffe U.S. trading days. Source: NYSE Euronext, Options Clearing Corporation and Consolidated Tape as reported for equity securities. Note: US Cash 2012 YTD data has been revised up slightly due to increases in CS2 trading in June 2012. All trading activity is single-counted, except European cash trading which is double counted to include both buys and sells.   Please follow us at: Exchanges BlogFacebookLinkedInTwitter 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 EuronextMedia:Amsterdam+31-20-550-4488orLisbon+351-217-900-029orNew York+1-212-656-2411orBrussels+32-2-509-1392orLondon+44-20-7379-2789orParis+33-1-49-27-11-33orInvestor Relations:New York+1-212-656-5700