NYSE Euronext (NYX) today announced trading volumes for its global derivatives and cash equities exchanges for February 2012[1]. Trading volumes declined year-over- year and month-over-month across most venues. Global derivatives average daily volume (“ADV”) of 7.0 million contracts in February 2012 decreased 21.4% versus the prior year, with European Derivatives declining 35.7% and U.S. equity options decreasing 9.2%. European cash trading ADV decreased 8.7% year-over-year, but increased 7.1% from January 2012 levels. U.S. cash trading ADV decreased 21.0% from February 2011 levels.
Highlights
- NYSE Euronext global derivatives ADV in February 2012 of 7.0 million contracts decreased 21.4% compared to February 2011 and decreased 6.0% from January 2012 levels.
- NYSE Euronext European derivatives products ADV in February 2012 of 2.8 million contracts decreased 35.7% compared to February 2011 and decreased 11.9% from January 2012 levels. Excluding Bclear, NYSE Liffe's trade administration and clearing service for OTC products, European derivatives products ADV decreased 36.7% compared to February 2011 and decreased 6.7% from January 2012.
- NYSE Euronext U.S. equity options ADV of 4.1 million contracts in February 2012 decreased 9.2% compared to February 2011 levels and decreased 1.5% from January 2012. NYSE Euronext’s U.S. options exchanges accounted for 25.4% of total U.S. consolidated equity options trading in February 2012, down from 25.9% in February 2011 and down from 26.6% in January 2012.
- NYSE Liffe U.S. ADV of approximately 88,600 contracts increased from 12,200 contracts in February 2011, but decreased from 94,900 contracts in January 2012.
- NYSE Euronext European cash products ADV of 1.6 million transactions in February 2012 decreased 8.7% compared to February 2011, but increased 7.1% from January 2012 levels.
- NYSE Euronext U.S. cash products handled ADV of 1.8 billion shares in February 2012 decreased 21.0% compared to February 2011 and decreased 2.2% compared to January 2012. NYSE Euronext’s Tape A matched market share in February 2012 was 30.0%, down from 34.5% in February 2011 and down slightly from 30.3% in January 2012. There were a total of 21 trading days in Europe and 20 trading days in the U.S. in February 2012 compared to 20 trading days in Europe and 19 trading days in the U.S. in February 2011.
Derivatives Trading
European Derivatives
- NYSE Euronext European derivatives products ADV in February 2012 was 2.8 million futures and options contracts, a decrease of 35.7% from February 2011 and a decrease of 11.9% from January 2012.
- The 2.8 million in European derivatives futures and options contracts ADV in February 2012 consisted of 2.5 million contracts executed through our full-service LIFFE CONNECT trading platform and 0.3 million contracts, or 12.0%, executed through Bclear, NYSE Liffe's trade administration and clearing service for OTC products. Excluding Bclear, European derivatives products ADV decreased 36.7% compared to February 2011 and decreased 6.7% from January 2012.
- Year-to-date, European derivatives products ADV of 3.0 million contracts was 33.4% below prior year levels. The 3.0 million in futures and options contracts ADV year-to-date consisted of 2.6 million contracts executed through LIFFE CONNECT trading platform and 0.4 million contracts, or 14.7%, executed through Bclear.
- Total fixed income products ADV of 1.6 million contracts in February 2012 decreased 43.3% from February 2011 and decreased 13.4% from January 2012. Year-to-date, total fixed income products ADV of 1.7 million contracts was 36.6% below prior year levels.
- Total equity products (including Bclear) ADV of 1.2 million contracts in February 2012 decreased 23.9% compared to February 2011 and decreased 11.5% from January 2012. The 1.2 million contracts in equity products ADV consisted of 0.7 million contracts in individual equity products ADV and 0.4 million contracts in equity index products ADV. The 0.7 million contracts in individual equity products ADV consisted of 0.2 million in futures contracts, which represented a 29.4% decrease compared to February 2011 and 0.5 million in options contracts, which represented a 25.8% decrease compared to February 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 1.2 million contracts were 30.0% below prior year levels.
- Total commodities products ADV of approximately 87,000 contracts in February 2012 increased 0.7% compared to February 2011 and increased 16.5% compared to January 2012. Year-to-date, total commodities product ADV of 81,000 contracts was 0.9% above prior year levels.
U.S. Derivatives
- NYSE Euronext U.S. equity options ADV of 4.1 million contracts in February 2012 decreased 9.2% compared to February 2011 and decreased 1.5% compared to January 2012. Year-to-date, U.S. equity options ADV of 4.1 million contracts was 6.6% below prior year levels.
- Total U.S. consolidated equity options ADV decreased 7.5% to 16.2 million contracts in February 2012 compared to February 2011, but increased 3.2% compared to January 2012. Year-to-date, U.S. consolidated equity options ADV of 15.9 million contracts was 9.6% below prior year levels.
- NYSE Euronext’s U.S. options exchanges accounted for 25.4% of the total U.S. consolidated equity options trading in February 2012, down from 25.9% in February 2011 and down from 26.6% in January 2012.
- NYSE Liffe U.S. ADV of approximately 88,600 contracts increased from 12,200 contracts in February 2011, but decreased from 94,900 contracts in January 2012. Year-to-date, U.S. futures and futures options ADV of 91,700 contracts was 614.5% above prior year levels.
Cash Trading
European Cash
- NYSE Euronext European cash products ADV of 1.6 million transactions in February 2012 decreased 8.7% compared to February 2011, but increased 7.1% compared to January 2012.
- Year-to-date, European cash products ADV of 1.6 million transactions was 11.7% below prior year levels.
U.S. Cash
- NYSE Euronext U.S. cash products handled ADV in February 2012 decreased 21.0% to 1.8 billion shares compared to February 2011 and decreased 2.2% from January 2012.
- Year-to-date, U.S. cash products handled ADV was 1.8 billion shares, down 22.4% from prior year levels.
- NYSE Euronext’s Tape A matched market share in February 2012 was 30.0%, down from 34.5% in February 2011 and down slightly from 30.3% in January 2012.
Exchange Traded Funds
- NYSE Euronext U.S. matched exchange-traded funds ADV (included in volumes for Tape B and Tape C) of 214 million shares in February 2012 decreased 17.4% compared to February 2011 and decreased 6.2% compared to January 2012.
- Year-to-date, NYSE Euronext U.S. matched exchange-traded funds ADV of 221 million shares was 16.5% below prior year levels.
Please click herefor the Monthly Transaction Activity Data Table.
