NYSE Euronext (NYX) today announced trading volumes for its global derivatives and cash equities exchanges for June 20101. Trading volumes across all venues in June 2010 were mostly higher compared to the prior year period, but declined from elevated May 2010 levels. European derivatives average daily volume ("ADV") increased 2.6% in June 2010 and registered ADV of 6.6 million contracts per day in the second quarter of 2010. U.S. options ADV increased 24.4% and market share increased to 26.5% in June 2010. Cash equities ADV in June 2010 was mixed with European cash trading volumes increasing 18.4% compared to prior year levels. U.S. cash trading volumes of 3.0 billion shares in June 2010 decreased 6.9% from prior year levels, but Tape A matched market share increased to 38.6%, the highest level since June 2009.
Highlights
- NYSE Euronext European derivatives products ADV in June 2010 of 4.7 million contracts increased 2.6% compared to June 2009, but decreased 44.1% from elevated May 2010 levels. Total European fixed income products ADV in June 2010 of 1.9 million contracts decreased 21.5% compared to June 2009 and decreased 44.3% from May 2010. Total equity products ADV of 2.8 million contracts in June 2010 increased 29.2% compared to June 2009, but decreased 44.6% from May 2010.
- NYSE Euronext U.S. equity options (NYSE Arca and NYSE Amex) ADV of 3.4 million contracts in June 2010 increased 24.4% compared to June 2009 levels, but decreased 28.8% from May 2010. NYSE Euronext's U.S. options exchanges accounted for 26.5% of the total consolidated equity options trading in June 2010, up from 20.5% in June 2009 and up from the 26.0% recorded in May 2010. In June 2010 and for the second straight quarter, NYSE Euronext was the largest U.S. options exchange operator.
- NYSE Euronext European cash products ADV of 1.6 million transactions in June 2010 increased 18.4% compared to June 2009, but decreased 22.9% from May 2010.
- NYSE Euronext U.S. cash products (NYSE, NYSE Arca and NYSE Amex) handled ADV of 3.0 billion shares in June 2010 decreased 6.9% compared to June 2009 and decreased 21.5% compared to May 2010. NYSE Euronext's Tape A matched market share in June 2010 was 38.6%, the highest level since June 2009, up from 37.8% in May 2010.
- There were a total of 22 trading days in Europe and the U.S. in June 2010 and June 2009, respectively.
Derivatives Trading
European Derivatives
- NYSE Euronext European derivatives products ADV in June 2010 was 4.7 million futures and options contracts, an increase of 2.6% from June 2009, but a decrease of 44.1% from May 2010. The 4.7 million in futures and options contracts ADV in June 2010 consisted of 3.1 million contracts executed through our full-service LIFFE CONNECT trading platform and 1.6 million contracts, or 34.2%, executed through Bclear, NYSE Liffe's trade administration and clearing service for OTC products. In the second quarter of 2010, European derivatives products ADV of 6.6 million contracts was 35.7% above prior year levels. The 6.6 million in futures and options contracts ADV in the second quarter of 2010 consisted of 4.0 million contracts executed through LIFFE CONNECT trading platform and 2.7 million contracts, or 40.0%, executed through Bclear.
- The anticipated average net rate per contract for European derivatives, excluding Bclear, is expected to be approximately $0.63 per contract in the second quarter of 2010, which includes the impact of currency fluctuations and product mix.
- Year-to-date, European derivatives products ADV of 5.7 million contracts was 32.7% above prior year levels. The 5.7 million in futures and options contracts ADV year-to-date consisted of 3.9 million contracts executed through the LIFFE CONNECT trading platform and 1.8 million contracts, or 31.6%, executed through Bclear.
- Total fixed income products ADV of 1.9 million contracts in June 2010 decreased 21.5% from June 2009 and decreased 44.3% from May 2010. In the second quarter of 2010, total fixed income products ADV of 2.7 million contracts was 23.4% above prior year levels. Year-to-date, total fixed income products ADV of 2.7 million contracts was 29.7% above prior year levels.
- Total equity products (including Bclear) ADV of 2.8 million contracts in June 2010 increased 29.2% compared to June 2009, but decreased 44.6% from May 2010. The 2.8 million contracts in equity products ADV consisted of 2.1 million contracts in individual equity products ADV and 0.7 million contracts in equity index products ADV. The 2.1 million contracts in individual equity products ADV consisted of 1.4 million in futures contracts, which represented a 50.4% increase compared to June 2009 and 0.7 million in options contracts, which represented a 17.8% increase compared to June 2009. The average rate per contract for individual equity futures contracts is significantly lower than other products traded on NYSE Liffe. In the second quarter of 2010, total equity products ADV of 3.9 million contracts was 46.2% above prior year levels. Year-to-date, total equity products ADV of 3.0 million contracts was 35.9% above prior year levels.
- Total commodities products ADV of 62,000 contracts in June 2010 increased 23.4% compared to June 2009 and increased 34.8% from May 2010. In the second quarter of 2010, total commodities product ADV of 55,000 contracts was 12.6% above prior year levels. Year-to-date, total commodities product ADV of 54,000 contracts was 13.5% above prior year levels.
U.S. Derivatives
- NYSE Euronext U.S. equity options (NYSE Arca and NYSE Amex) ADV of 3.4 million contracts in June 2010 increased 24.4% compared to June 2009, but decreased 28.8% compared to May 2010. In the second quarter of 2010, U.S. equity options ADV of 4.1 million contracts was 56.9% above prior year levels.
- The anticipated average net rate per contract for U.S. options is expected to be approximately $0.16 per contract in the second quarter of 2010, which includes the impact of increased trading volumes in Penny-Pilot issues on NYSE Arca and business mix.
- Year-to-date, U.S. equity options ADV of 3.9 million contracts was 59.6% above prior year levels.
- Total U.S. consolidated equity options ADV decreased 3.5% to 13.0 million contracts in June 2010 compared to June 2009 and decreased 30.0% compared to May 2010. In the second quarter of 2010, U.S. consolidated equity options ADV of 15.7 million contracts was 10.2% above prior year levels. Year-to-date, U.S. consolidated equity options ADV of 14.8 million contracts was 8.5% above prior year levels.
- NYSE Euronext's U.S. options exchanges accounted for 26.5% of the total consolidated equity options trading in June 2010, up from 20.5% in June 2009 and up from 26.0% in May 2010. In June 2010 and for the second straight quarter, NYSE Euronext was the largest U.S. options exchange operator.
- NYSE Euronext U.S. futures and futures options (NYSE Liffe U.S.) ADV in June 2010 was approximately 16,100 contracts, compared to 21,000 contracts in May 2010. In the second quarter of 2010, U.S. futures and futures options ADV was 18,600 contracts. Year-to-date U.S. futures and futures options ADV was 19,700 contracts.
Cash Trading
European Cash
- NYSE Euronext European cash products ADV of 1.6 million transactions in June 2010 increased 18.4% compared to June 2009, but decreased 22.9% compared to May 2010. In the second quarter of 2010, European cash products ADV of 1.7 million transactions was 18.4% above prior year levels.
- The anticipated average net revenue per transaction for European cash is expected to be approximately $0.66 per transaction in the second quarter of 2010, which includes the impact of currency fluctuations and business mix.
- Year-to-date, European cash products ADV of 1.5 million transactions was 9.2% above prior year levels.
- SmartPool, NYSE Euronext's European dark pool established in partnership with HSBC, J.P. Morgan and BNP Paribas, experienced significant growth in the second quarter of 2010, with matched volume increasing to EUR 5.7 billion, making SmartPool the third largest dark Multi-Lateral Trading Facility (MTF) in the second quarter.
U.S. Cash
- NYSE Euronext U.S. cash products handled ADV in June 2010 decreased 6.9% to 3.0 billion shares compared to June 2009 and decreased 21.5% from May 2010. In the second quarter of 2010, U.S. cash products handled ADV was 3.2 billion shares, down 11.8% from prior year levels.
- The anticipated average net revenue per 100 shares handled for U.S. cash is expected to be approximately $0.029 per 100 shares handled in the second quarter of 2010, which includes the impact of higher volumes and tiering.
- Year-to-date, U.S. cash products handled ADV was 2.9 billion shares, down 24.7% from prior year levels.
- NYSE Euronext's Tape A matched market share in June 2010 was 38.6%, the highest level since June 2009, up from 37.8% in May 2010.
- Designated Market Maker participation in June 2010 was 8.5%, compared to 9.0% in May 2010. Supplemental Liquidity Provider participation in June 2010 was 13.3%, compared to 14.9% in May 2010. DMM and SLP participation pertain only to trading on NYSE.
Exchange Traded Products
- NYSE Euronext U.S. matched exchange-traded products ADV (included in volumes for Tape B and Tape C) of 382 million shares in June 2010 decreased 16.1% compared to June 2009 and decreased 31.2% compared to May 2010. In the second quarter of 2010, NYSE Euronext U.S. matched exchange-traded products ADV of 418 million shares was 20.1% below prior year levels. Year-to-date, NYSE Euronext U.S. matched exchange-traded products ADV of 372 million shares was 34.3% below prior year levels.
Other Metrics
- The average EUR/USD exchange rate for the second quarter of 2010 of $1.27 represented a decrease of 7.9% from the first quarter of 2010 and a decrease of 6.6% compared to the second quarter of 2009.
- The average GBP/USD exchange rate for the second quarter of 2010 of $1.49 represented a decrease of 4.4% from the first quarter of 2010 and a decrease of 3.8% compared to the second quarter of 2009.
Please click here for the Monthly Transaction Activity Data Table.
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NYSE Euronext |
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Monthly Volume Summary - Derivatives Products |
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| (Unaudited; contracts in thousands) | Average Daily Volume | Total Volume | Average Daily Volume | Total Volume | ||||||||||||||||
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Jun-10 |
Jun-09 | % Chg | Jun-10 | Jun-09 | % Chg | YTD 2010 |
% Chg vs. |
YTD 2010 |
% Chg vs. |
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| Number of Trading Days - European Markets | 22 | 22 | 22 | 22 | 126 | 126 | ||||||||||||||
| Number of Trading Days - U.S. Markets | 22 | 22 | 22 | 22 | 124 | 124 | ||||||||||||||
| European Derivatives Products | 4,733 | 4,612 | 2.6% | 104,115 | 101,455 | 2.6% | 5,740 | 32.7% | 723,204 | 33.7% | ||||||||||
| of which Bclear | 1,620 | 1,170 | 38.5% | 35,648 | 25,744 | 38.5% | 1,812 | 52.8% | 228,263 | 54.0% | ||||||||||
| Total Fixed Income Products | 1,893 | 2,412 | -21.5% | 41,641 | 53,059 | -21.5% | 2,690 | 29.7% | 338,916 | 30.7% | ||||||||||
| Short Term Interest Rate Products | 1,792 | 2,322 | -22.8% | 39,416 | 51,073 | -22.8% | 2,570 | 30.2% | 323,841 | 31.2% | ||||||||||
| Medium and Long Term Interest Rate Products 1 | 101 | 90 | 12.1% | 2,226 | 1,985 | 12.1% | 120 | 20.1% | 15,075 | 21.1% | ||||||||||
| Total Equity Products 2 | 2,778 | 2,150 | 29.2% | 61,112 | 47,292 | 29.2% | 2,996 | 35.9% | 377,534 | 36.9% | ||||||||||
| Individual Equity Products | 2,074 | 1,503 | 38.0% | 45,620 | 33,066 | 38.0% | 2,332 | 48.6% | 293,777 | 49.8% | ||||||||||
| Futures | 1,398 | 929 | 50.4% | 30,754 | 20,446 | 50.4% | 1,564 | 69.3% | 197,016 | 70.7% | ||||||||||
| Options | 676 | 574 | 17.8% | 14,866 | 12,620 | 17.8% | 768 | 18.9% | 96,760 | 19.9% | ||||||||||
| Equity Index Products | 704 | 647 | 8.9% | 15,492 | 14,226 | 8.9% | 665 | 4.5% | 83,758 | 5.3% | ||||||||||
| of which Bclear | 1,620 | 1,170 | 38.5% | 35,648 | 25,744 | 38.5% | 1,812 | 52.8% | 228,263 | 54.0% | ||||||||||
| Individual Equity Products | 1,514 | 1,029 | 47.2% | 33,308 | 22,632 | 47.2% | 1,701 | 62.1% | 214,371 | 63.3% | ||||||||||
| Futures | 1,395 | 928 | 50.4% | 30,692 | 20,409 | 50.4% | 1,563 | 70.9% | 196,877 | 72.3% | ||||||||||
| Options | 119 | 101 | 17.6% | 2,616 | 2,224 | 17.6% | 139 | 2.3% | 17,495 | 3.1% | ||||||||||
| Equity Index Products | 106 | 141 | -24.8% | 2,340 | 3,111 | -24.8% | 110 | -19.0% | 13,892 | -18.3% | ||||||||||
| Commodity Products | 62 | 50 | 23.4% | 1,362 | 1,104 | 23.4% | 54 | 13.5% | 6,754 | 14.4% | ||||||||||
| U.S. Derivatives Products | ||||||||||||||||||||
| Equity Options 3 | ||||||||||||||||||||
| NYSE Group Options Contracts | 3,430 | 2,758 | 24.4% | 75,464 | 60,670 | 24.4% | 3,891 | 59.6% | 482,527 | 59.6% | ||||||||||
| Total Consolidated Options Contracts | 12,968 | 13,442 | -3.5% | 285,302 | 295,714 | -3.5% | 14,843 | 8.5% | 1,840,558 | 8.5% | ||||||||||
| NYSE Group Share of Total | 26.5% | 20.5% | 26.5% | 20.5% | 26.2% | 8.4% | 26.2% | 8.4% | ||||||||||||
| NYSE Liffe U.S. | ||||||||||||||||||||
| Futures and Futures Options Volume | 16.1 | 14.1 | 14.3% | 355 | 310 | 14.3% | 19.7 | 12.7% | 2,437.7 | 12.7% | ||||||||||
| NYSE Euronext | ||||||||||||||||||||
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Monthly Volume Summary - Cash Products |
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| Average Daily Volume | Total Volume | Average Daily Volume | Total Volume | |||||||||||||||||
| (Unaudited) | Jun-10 | Jun-09 | % Chg | Jun-10 | Jun-09 | % Chg | YTD 2010 |
% Chg vs. |
YTD 2010 |
% Chg vs. |
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| Number of Trading Days - European Markets | 22 | 22 | 22 | 22 | 126 | 126 |
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| Number of Trading Days - U.S. Markets | 22 | 22 | 22 | 22 | 124 | 124 | ||||||||||||||
| European Cash Products (trades in thousands) | 1,562 | 1,320 | 18.4% | 34,362 | 29,034 | 18.4% | 1,545 | 9.2% | 194,709 | 10.1% | ||||||||||
| Equities | 1,501 | 1,266 | 18.5% | 33,022 | 27,859 | 18.5% | 1,483 | 9.7% | 186,904 | 10.6% | ||||||||||
| Exchange-Traded Funds | 18 | 13 | 36.7% | 405 | 296 | 36.7% | 19 | 32.0% | 2,373 | 33.1% | ||||||||||
| Structured Products | 37 | 34 | 7.6% | 804 | 747 | 7.6% | 37 | -13.4% | 4,647 | -12.7% | ||||||||||
| Bonds | 6 | 6 | -0.2% | 131 | 131 | -0.2% | 6 | 11.0% | 785 | 11.9% | ||||||||||
| U.S. Cash Products (shares in millions) 5 | 2,999 | 3,220 | -6.9% | 65,983 | 70,842 | -6.9% | 2,883 | -24.7% | 357,503 | -24.7% | ||||||||||
| NYSE Listed (Tape A) Issues 4 | ||||||||||||||||||||
| NYSE Group Handled Volume 5 | 2,224 | 2,301 | -3.3% | 48,929 | 50,612 | -3.3% | 2,100 | -24.4% | 260,354 | -24.4% | ||||||||||
| NYSE Group Matched Volume 6 | 2,097 | 2,110 | -0.7% | 46,123 | 46,427 | -0.7% | 1,960 | -22.2% | 242,993 | -22.2% | ||||||||||
| Total NYSE Listed Consolidated Volume | 5,431 | 5,287 | 2.7% | 119,478 | 116,306 | 2.7% | 5,452 | -12.5% | 676,021 | -12.5% | ||||||||||
| NYSE Group Share of Total Consolidated Volume | ||||||||||||||||||||
| Handled Volume 5 | 41.0% | 43.5% | -2.5% | 41.0% | 43.5% | -2.5% | 38.5% | -6.1% | 38.5% | -6.1% | ||||||||||
| Matched Volume 6 | 38.6% | 39.9% | -1.3% | 38.6% | 39.9% | -1.3% | 35.9% | -4.5% | 35.9% | -4.5% | ||||||||||
| NYSE Arca & Amex (Tape B) Listed Issues | ||||||||||||||||||||
| NYSE Group Handled Volume 5 | 449 | 543 | -17.3% | 9,880 | 11,942 | -17.3% | 433 | -32.9% | 53,720 | -32.9% | ||||||||||
| NYSE Group Matched Volume 6 | 405 | 479 | -15.5% | 8,902 | 10,532 | -15.5% | 386 | -31.8% | 47,906 | -31.8% | ||||||||||
| Total NYSE Arca & Amex Listed Consolidated Volume | 1,672 | 1,999 | -16.4% | 36,776 | 43,988 | -16.4% | 1,659 | -28.1% | 205,709 | -28.1% | ||||||||||
| NYSE Group Share of Total Consolidated Volume | ||||||||||||||||||||
| Handled Volume 5 | 26.9% | 27.1% | -0.2% | 26.9% | 27.1% | -0.2% | 26.1% | -1.9% | 26.1% | -1.9% | ||||||||||
| Matched Volume 6 | 24.2% | 23.9% | 0.3% | 24.2% | 23.9% | 0.3% | 23.3% | -1.3% | 23.3% | -1.3% | ||||||||||
| Nasdaq Listed (Tape C) Issues | ||||||||||||||||||||
| NYSE Group Handled Volume 5 | 326 | 377 | -13.4% | 7,175 | 8,287 | -13.4% | 350 | -14.2% | 43,428 | -14.2% | ||||||||||
| NYSE Group Matched Volume 6 | 277 | 306 | -9.4% | 6,097 | 6,731 | -9.4% | 291 | -13.4% | 36,088 | -13.4% | ||||||||||
| Total Nasdaq Listed Consolidated Volume | 2,263 | 2,461 | -8.1% | 49,779 | 54,143 | -8.1% | 2,435 | 4.8% | 301,991 | 4.8% | ||||||||||
| NYSE Group Share of Total Consolidated Volume | ||||||||||||||||||||
| Handled Volume 5 | 14.4% | 15.3% | -0.9% | 14.4% | 15.3% | -0.9% | 14.4% | -3.2% | 14.4% | -3.2% | ||||||||||
| Matched Volume 6 | 12.2% | 12.4% | -0.2% | 12.2% | 12.4% | -0.2% | 11.9% | -2.6% | 11.9% | -2.6% | ||||||||||
| Exchange-Traded Funds 5,7 | ||||||||||||||||||||
| NYSE Group Handled Volume 5 | 425 | 516 | -17.7% | 9,344 | 11,353 | -17.7% | 416 | -35.4% | 51,573 | -35.4% | ||||||||||
| NYSE Group Matched Volume 6 | 382 | 456 | -16.1% | 8,412 | 10,031 | -16.1% | 372 | -34.3% | 46,135 | -34.3% | ||||||||||
| Total ETF Consolidated Volume | 1,656 | 1,983 | -16.5% | 36,433 | 43,618 | -16.5% | 1,637 | -30.6% | 203,037 | -30.6% | ||||||||||
| NYSE Group Share of Total Consolidated Volume | ||||||||||||||||||||
| Handled Volume 5 | 25.6% | 26.0% | -0.4% | 25.6% | 26.0% | -0.4% | 25.4% | -1.9% | 25.4% | -1.9% | ||||||||||
| Matched Volume 6 | 23.1% | 23.0% | 0.1% | 23.1% | 23.0% | 0.1% | 22.7% | -1.3% | 22.7% | -1.3% | ||||||||||
| 1 | Data includes currency products. |
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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. |
| 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. |
