NYSE Euronext (NYX) today announced trading volumes for its global cash equities and derivatives exchanges for December 2008, as well as other business metrics. December 2008 trading volumes were characterized by strong year-over-year growth in U.S. cash trading, stable European cash trading volumes and lower futures and options trading volume across our U.S. and European derivatives platforms. For the full-year 2008, NYSE Euronext registered double-digit growth in trading volumes across U.S. and European cash and derivatives product areas.
December Trading Volumes1
Cash Trading
U.S. cash products average daily volume ("ADV") increased 30% to 3.3 billion shares2.
- NYSE-listed matched volume (Tape A) increased 21% to 2.2 billion shares.
- Tape A matched market share was 43.4%, compared to 42.7% in October. The increase in share was driven in part by the introduction of the NYSE's new market model in November which established a new category of liquidity provider, the Supplemental Liquidity Provider and replaced Specialists with Designated Market Makers.
- NYSE Arca- and Alternext US-listed matched volume (Tape B) increased 148% to 519 million shares.
- Nasdaq-listed matched volume (Tape C) increased 4% to 292 million shares.
- Exchange-traded funds matched volume (included in the trading volume numbers above) increased 112% to 491 million shares.
European cash products ADV was stable with 1.2 million transactions2.
- European cash trading activity qualifying for Pack Epsilon pricing represented 36% of total transactions executed.
Derivatives Trading
European derivatives products ADV decreased 19% to 2.9 million futures and options contracts.
- Total interest rate products ADV decreased 27% to 1.2 million contracts.
Total equity products (including Bclear) ADV decreased 12% to 1.6 million contracts. Bclear, Liffe's trade administration and clearing service, processed 709 thousand contracts per day, a decrease of 21%. U.S. equity options ADV decreased 10% to 1.6 million contracts.
Year-to-Date Trading Volumes3
U.S. cash products ADV increased 23% to 3.5 billion shares and European cash products ADV increased 23% to 1.6 million transactions.
European derivatives products ADV increased 10% to 4.1 million futures and options contracts. Total interest rate and equity products (including Bclear) ADV increased 7% and 15%, respectively. Bclear, Liffe's trade administration and clearing service, processed 746 thousand contracts per day, an increase of 55%. In 2008, over 1 billion contracts were traded on Liffe for the first time.
U.S. equity options ADV increased 36% to 1.8 million contracts.
Other Metrics
The average EUR/USD exchange rate for the month of December 2008 and the fourth quarter of 2008 declined 7% and 9%, to $1.352 and $1.319, respectively, compared to December 2007 and the fourth quarter of 2007. The average GBP/USD exchange rate declined 26% and 23%, to $1.482 and $1.570, respectively, compared to December 2007 and the fourth quarter of 2007.
Please click here for the Monthly Transaction Activity Data Table.
1 All comparisons versus December 2007 unless otherwise stated.
2 Euronext equities transactions count each buy and sell order as separate transactions, NYSE Group equities transactions count buy and sell orders together as a single transaction. All NYSE Euronext derivatives transactions count buy and sell orders together as a single transaction.
3 All comparisons versus full-year 2007 unless otherwise stated.
NYSE Euronext Monthly Volume Summary - Cash Products Average Daily Volume Total Volume Total Volume % Chg vs. (Unaudited) Dec-08 Dec-07 % Chg Dec-08 Dec-07 % Chg YTD 2008 YTD 2007 Number of Trading Days - 21 19 21 19 256 European Markets Number of Trading Days - 22 20 22 20 253 U.S. Markets European Cash Products 1,196 1,196 0.0% 25,116 22,715 10.6% 396,956 23.1% (trades in thousands) Equities 1,141 1,150 -0.8% 23,952 21,854 9.6% 383,119 23.9% Exchange-Traded 11 6 86.0% 226 110 105.6% 2,365 51.4% Funds Structured 40 34 18.5% 837 639 30.9% 10,150 -0.8% Products Bonds 5 6 -19.3% 100 112 -10.8% 1,322 -19.2% U.S. Cash Products 3,334 2,558 30.3% 73,347 51,163 43.4% 894,503 23.8% (shares in millions)2 NYSE Listed (Tape A) Issues1 NYSE Group Handled Volume 2,377 1,962 21.2% 52,300 39,241 33.3% 653,910 17.1% 2NYSE Group Matched Volume 2,155 1,784 20.8% 47,414 35,684 32.9% 589,712 14.3% 3 NYSE Group TRF 11 121 -90.8% 245 2,426 -89.9% 70,853 343.0% Volume 4 Total NYSE Listed 4,967 3,284 51.3% 109,278 65,679 66.4% 1,292,987 51.6% Consolidated VolumeNYSE Group Share of Total Consolidated Volume Handled Volume 47.9% 59.7% -11.8% 47.9% 59.7% -11.8% 50.6% -14.9% 2 Matched Volume 43.4% 54.3% -10.9% 43.4% 54.3% -10.9% 45.6% -14.9% 3 TRF Volume 4 0.2% 3.7% -3.5% 0.2% 3.7% -3.5% 5.5% 3.6% NYSE Arca & Alternext US (Tape B) Listed IssuesNYSE Group Handled Volume 603 246 145.0% 13,276 4,926 169.5% 125,327 133.2% 2NYSE Group Matched Volume 519 209 148.2% 11,420 4,182 173.1% 108,452 134.9% 3 NYSE Group TRF 2 44 -95.8% 41 889 -95.3% 35,672 524.1% Volume 4 Total NYSE Arca & Amex Listed 1,848 714 158.8% 40,666 14,286 184.7% 376,728 156.0% Consolidated VolumeNYSE Group Share of Total Consolidated Volume Handled Volume 32.6% 34.5% -1.9% 32.6% 34.5% -1.9% 33.3% -3.2% 2 Matched Volume 28.1% 29.3% -1.2% 28.1% 29.3% -1.2% 28.8% -2.6% 3 TRF Volume 4 0.1% 6.2% -6.1% 0.1% 6.2% -6.1% 9.5% 5.6% Nasdaq Listed (Tape C) IssuesNYSE Group Handled Volume 353 350 1.0% 7,771 6,996 11.1% 115,266 4.4% 2NYSE Group Matched Volume 292 280 4.1% 6,421 5,609 14.5% 96,467 7.4% 3 NYSE Group TRF 9 97 -91.1% 190 1,948 -90.2% 48,824 96.0% Volume 4 Total Nasdaq Listed 1,866 1,897 -1.6% 41,055 37,947 8.2% 576,878 5.7% Consolidated VolumeNYSE Group Share of Total Consolidated Volume Handled Volume 18.9% 18.4% 0.5% 18.9% 18.4% 0.5% 20.0% -0.3% 2 Matched Volume 15.6% 14.8% 0.8% 15.6% 14.8% 0.8% 16.7% 0.3% 3 TRF Volume 4 0.5% 5.1% -4.6% 0.5% 5.1% -4.6% 8.5% 3.9% Exchange-Traded Funds1,5NYSE Group Handled Volume 568 268 112.3% 12,493 5,350 133.5% 130,001 82.1% 2NYSE Group Matched Volume 491 231 112.1% 10,793 4,626 133.3% 113,377 78.9% 3 NYSE Group TRF 1 53 -97.5% 29 1,057 -97.3% 39,275 395.8% Volume 4 Total ETF Consolidated 1,818 743 144.5% 39,988 14,867 169.0% 395,123 123.6% VolumeNYSE Group Share of Total Consolidated Volume Handled Volume 31.2% 36.0% -4.8% 31.2% 36.0% -4.8% 32.9% -7.5% 2 Matched Volume 27.0% 31.1% -4.1% 27.0% 31.1% -4.1% 28.7% -7.2% 3 TRF Volume 4 0.1% 7.1% -7.0% 0.1% 7.1% -7.0% 9.9% 5.5%
NYSE Euronext Monthly Volume Summary - Derivatives Products Average Daily Volume Total Volume Total Volume % Chg (Unaudited; vs. contracts in Dec-08 Dec-07 % Chg Dec-08 Dec-07 % Chg YTD 2008 thousands) YTD 2007 Number of Trading Days 21 19 21 19 256 - European Markets Number of Trading Days 22 20 22 20 253 - U.S. Markets European Derivatives 2,851 3,533 -19.3% 59,872 67,133 -10.8% 1,049,730 10.6% Products Total Interest 1,199 1,635 -26.7% 25,188 31,073 -18.9% 554,878 7.0% Rate Products6 Short Term Interest 1,135 1,551 -26.8% 23,841 29,478 -19.1% 528,578 8.1% Rate Products Medium and Long Term Interest 64 84 -23.6% 1,347 1,595 -15.6% 26,300 -10.2% Rate Products Total Equity 1,614 1,838 -12.2% 33,892 34,923 -3.0% 481,606 15.3% Products7 Individual Equity 1,034 1,233 -16.2% 21,713 23,432 -7.3% 308,574 18.0% Products Equity Index 580 605 -4.1% 12,179 11,492 6.0% 173,032 10.6% Products of which 709 896 -20.9% 14,888 17,019 -12.5% 190,874 55.5% Bclear Individual Equity 613 793 -22.8% 12,867 15,076 -14.7% 162,272 61.2% Products Equity Index 96 102 -5.9% 2,021 1,943 4.0% 28,602 29.3% Products Commodity 38 60 -36.9% 793 1,137 -30.3% 13,246 3.6% Products U.S. Derivatives Products U.S. Derivatives Products - Equity Options8NYSE Group Options 1,609 1,780 -9.6% 35,395 35,604 -0.6% 461,013 37.4% Contracts Total Consolidated 9,251 10,929 -15.4% 203,530 218,581 -6.9% 3,284,761 26.7% Options ContractsNYSE Group Share of 17.4% 16.3% 17.4% 16.3% 14.0% 1.1% Total
1 Includes all volume executed inNYSE Group crossing sessions. Represents the total number of shares of equity securities and ETFs 2 internally matched on theNYSE Group's exchanges or routed to and executed at an external market center. NYSE Arca routing includes odd-lots. 3 Represents the total number of shares of equity securities and ETFs executed on theNYSE Group's exchanges. 4 Represents NYSE's volume in FINRA/NYSE Trade Reporting Facility (TRF). 5 Data included in previously identified categories. 6 Data includes currency products. 7 Includes all trading activities for Bclear, Euronext.liffe's clearing service for wholesale equity derivatives. 8 Includes trading in U.S. equity options contracts, not equity-index options. 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. US data has been updated for Amex integration forOctober 2008 forward.
