NYSE Euronext (NYX) today announced trading volumes for its global derivatives and cash equities exchanges for July 2011[1]. Global derivatives average daily volume (“ADV”) of 8.0 million contracts in July 2011 increased 12.6% versus the prior year driven by a 33.7% increase in U.S. options ADV partially offset by a 6.2% decrease in European derivatives. Cash equities ADV in July 2011 was mixed, with European cash ADV increasing 15.8% and U.S. cash trading ADV decreasing 23.9% from July 2010 levels.
Highlights
- NYSE Euronext global derivatives ADV in July 2011 of 8.0 million contracts increased 12.6% compared to July 2010, but decreased 10.0% from June 2011 levels.
- NYSE Euronext European derivatives products ADV in July 2011 of 3.7 million contracts decreased 6.2% compared to July 2010 and decreased 19.9% from June 2011 levels. Excluding Bclear, NYSE Liffe's trade administration and clearing service for OTC products, European derivatives products ADV decreased 3.0% compared to July 2010 and decreased 10.2% from June 2011 and is running 7.6% below second quarter 2011 levels.
- NYSE Euronext U.S. equity options (NYSE Arca and NYSE Amex) ADV of 4.1 million contracts in July 2011 increased 33.7% compared to July 2010 levels and increased 0.9% from June 2011. NYSE Euronext’s U.S. options exchanges accounted for 25.8% of total U.S. consolidated equity options trading in July 2011, up slightly from 25.3% in July 2010, but down from 26.4% recorded in June 2011.
- NYSE Liffe U.S. ADV of approximately 101,300 contracts represented an increase of 760.3% compared to July 2010 and an increase of 3.8% compared to June 2011. Since the launch of NYSE Liffe U.S. interest rate products in March 2011, 6.8 million contracts have been traded and open interest is over 700,000 contracts. Total exchange open interest is now over 800,000 contracts.
- NYSE Euronext European cash products ADV of 1.6 million transactions in July 2011 increased 15.8% compared to July 2010 and increased 8.0% from June 2011 levels.
- NYSE Euronext U.S. cash products (NYSE, NYSE Arca and NYSE Amex) handled ADV of 2.0 billion shares in July 2011 decreased 23.9% compared to July 2010 and decreased 7.4% compared to June 2011. NYSE Euronext’s Tape A matched market share in July 2011 was 34.3%, down from 37.6% in July 2010 and down from 36.6% in June 2011.
- There were a total of 21 trading days in Europe and 20 trading days in the U.S. in July 2011 compared to 22 trading days in Europe and 21 trading days in the U.S. in July 2010.
Derivatives Trading
European Derivatives
- NYSE Euronext European derivatives products ADV in July 2011 was 3.7 million futures and options contracts, a decrease of 6.2% from July 2010 and a decrease of 19.9% from June 2011.
- The 3.7 million in European derivatives futures and options contracts ADV in July 2011 consisted of 2.9 million contracts executed through our full-service LIFFE CONNECT trading platform and 0.8 million contracts, or 21.1%, executed through Bclear, NYSE Liffe's trade administration and clearing service for OTC products. Excluding Bclear, European derivatives products ADV decreased 2.9% compared to July 2010 and decreased 10.2% from June 2011.
- Year-to-date, European derivatives products ADV of 4.8 million contracts was 12.6% below prior year levels. The 4.8 million in futures and options contracts ADV year-to-date consisted of 3.4 million contracts executed through LIFFE CONNECT trading platform and 1.4 million contracts, or 28.2%, executed through Bclear.
- Total fixed income products ADV of 1.9 million contracts in July 2011 decreased 5.2% from July 2010 and decreased 13.0% from June 2011. Year-to-date, total fixed income products ADV of 2.3 million contracts was 9.2% below prior year levels.
- Total equity products (including Bclear) ADV of 1.8 million contracts in July 2011 decreased 7.2% compared to July 2010 and decreased 26.3% from June 2011. The 1.8 million contracts in equity products ADV consisted of 1.2 million contracts in individual equity products ADV and 0.6 million contracts in equity index products ADV. The 1.2 million contracts in individual equity products ADV consisted of 0.7 million in futures contracts, which represented a 19.0% decrease compared to July 2010 and 0.5 million in options contracts, which represented a 2.2% increase compared to July 2010. The average net 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 2.4 million contracts was 17.0% below prior year levels.
- Total commodities products ADV of 78,000 contracts in July 2011 decreased 8.3% compared to July 2010 and decreased 16.5% compared to June 2011. Year-to-date, total commodities product ADV of 85,000 contracts was 45.8% above prior year levels.
U.S. Derivatives
- NYSE Euronext U.S. equity options (NYSE Arca and NYSE Amex) ADV of 4.1 million contracts in July 2011 increased 33.7% compared to July 2010 and increased 0.9% compared to June 2011. Year-to-date, U.S. equity options ADV of 4.2 million contracts was 11.5% above prior year levels.
- Total U.S. consolidated equity options ADV increased 31.0% to 16.0 million contracts in July 2011 compared to July 2010 and increased 3.0% compared to June 2011. Year-to-date, U.S. consolidated equity options ADV of 16.5 million contracts was 13.6% above prior year levels.
- NYSE Euronext’s U.S. options exchanges accounted for 25.8% of the total U.S. consolidated equity options trading in July 2011, up slightly from 25.3% in July 2010, but down from 26.4% in June 2011.
- NYSE Liffe U.S. ADV of approximately 101,300 contracts represented an increase of 760.3% compared to July 2010 and an increase of 3.8% compared to June 2011. Since the launch of NYSE Liffe U.S. interest rate products in March 2011, 6.8 million contracts have been traded and open interest is over 700,000 contracts. Total exchange open interest is now over 800,000 contracts. Year-to-date, U.S. futures and futures options ADV of 63,400 contracts was 242.6% above prior year levels.
Cash Trading
European Cash
- NYSE Euronext European cash products ADV of 1.6 million transactions in July 2011 increased 15.8% compared to July 2010 and increased 8.0% compared to June 2011.
- Year-to-date, European cash products ADV of 1.7 million transactions was 9.3% above prior year levels.
U.S. Cash
- NYSE Euronext U.S. cash products handled ADV in July 2011 decreased 23.9% to 2.0 billion shares compared to July 2010 and decreased 7.4% from June 2011.
- Year-to-date, U.S. cash products handled ADV was 2.2 billion shares, down 24.0% from prior year levels.
- NYSE Euronext’s Tape A matched market share in July 2011 was 34.3%, down from 37.6% in July 2010 and down from 36.6% in June 2011.
Exchange Traded Funds
- NYSE Euronext U.S. matched exchange-traded funds ADV (included in volumes for Tape B and Tape C) of 277 million shares in July 2011 decreased 17.8% compared to July 2010 and decreased 5.2% compared to June 2011.
- Year-to-date, NYSE Euronext U.S. matched exchange-traded funds ADV of 280 million shares was 23.8% below prior year levels.
Please click here for the Monthly Transaction Activity Data Table.
[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.