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NYSE Euronext Announces Trading Volumes For May 2009 - Double-Digit Growth Year-Over-Year Across All Global Trading Venues - U.S. Cash Volumes Up 40.4% - European Cash Volumes Up 14.6% - Record European Derivatives Trading Volume Driven By Bclear OTC Se

Date 05/06/2009

NYSE Euronext (NYX) today announced trading volumes for its global cash equities and derivatives exchanges for May 2009 1. For the month of May 2009 , all NYSE Euronext global trading venues experienced double-digit year-over-year trading volume growth, including a 40.4% increase in U.S. cash trading, a 14.6% increase in European cash trading, a 28.4% increase in European derivatives volumes driven by our Bclear OTC service and a 73.4% increase in U.S. equity options.

Highlights

  • NYSE , NYSE Arca and NYSE Amex (“NYSE Group”) U.S. cash products handled average daily volume (“ADV”) in May 2009 increased 40.4%, compared to May 2008 and included strong growth in NYSE -listed (Tape A) and NYSE Arca/Amex-listed (Tape B) trading volumes. NYSE Group matched share of all U.S. equity trading volume in May 2009 was 30.1%, compared to market share of 20.7% for our next largest competitor.
  • NYSE Euronext is the largest exchange operator in the two fastest growing tapes in the U.S. equity markets. Total Tape A consolidated ADV and Tape B consolidated ADV in May 2009 increased a combined 86.5%, compared to May 2008 . Tape A and Tape B trading volume in May accounted for approximately 80% of all Consolidated Tape trading in the U.S. market which includes trade reporting facility (“TRF”) volumes.
  • NYSE Euronext European cash products ADV of 1.5 million transactions in May 2009 increased 14.6%, compared to May 2008 , but decreased 6.8% from April 2009 . European cash ADV year-to-date of 1.4 million transactions was only 6.0% below the same period last year.
  • NYSE Euronext European derivatives products ADV in May 2009 was a record 5.6 million contracts, up 28.4% from May 2008 and up 24.6% from April 2009 levels, driven by record Bclear OTC volumes. Total interest rate products ADV was 2.2 million contracts, up 8.2% compared to May 2008 and at their highest levels since October 2008 .
  • NYSE Euronext U.S. equity options ADV of 2.5 million contracts in May 2009 represented an increase of 73.4%, compared to May 2008 levels. The increase in ADV was driven mostly by the addition of the former Amex options business and stronger options market volumes.

Cash Trading

U.S. Cash

NYSE Group U.S. cash products handled ADV in May 2009 increased 40.4% to 3.8 billion shares, compared to May 2008 , but decreased 1.8% from April 2009 . Year-to-date, NYSE Group handled ADV of 4.0 billion shares was 23.4% above the same period last year. NYSE Group matched share of all U.S. equity volume in May 2008 was 30.1%, compared to 20.7% for our next largest competitor.

NYSE -listed (Tape A)

  • Total Tape A consolidated ADV in May 2009 increased 66.9% to 6.5 billion shares compared to 3.9 billion shares in May 2008 , but declined 0.7% compared to April 2009 . Year-to-date, total Tape A consolidated ADV of 6.4 billion shares was 49.7% above the prior year period.
  • Tape A matched ADV of NYSE Group increased 39.7% to 2.5 billion shares, compared to 1.8 billion shares in May 2008 , but declined 1.6% compared to April 2009 . Year-to-date, NYSE Group matched ADV in Tape A increased 20.4% compared to the prior year period.
  • NYSE Group’s Tape A matched market share in May was 38.9%, compared to market share of 15.7% for our next largest competitor. TRF market share across Tape A increased in May 2009 to 33.2% from 25.0% in December 2008 .
  • Designated Market Maker (“DMM”) participation in May was 10.1%, compared to 9.8% in April. Supplemental Liquidity Provider (“SLP”) participation in May was 6.8%, down from 7.3% in April. Please note that the calculation for SLP participation has changed to reflect the roll-out of the SLP program to a broader universe of NYSE stocks, from the original 500 eligible stocks. DMM and SLP participation pertain only to trading on NYSE .

NYSE Arca and NYSE Amex-listed (Tape B)

  • Total Tape B consolidated ADV in May 2009 increased 173.0% to 2.4 billion shares compared to 882 million shares in May 2008 , and increased 1.6% compared to April 2009 . Year-to-date, total Tape B consolidated ADV of 2.4 billion shares was 125.6% above the prior year period.
  • NYSE Group’s matched ADV of Tape B in May 2009 increased 127.3% to 552 million shares compared to May 2008 , but declined 2.5% compared to April 2009 . Year-to-date, NYSE Group Tape B matched ADV was 88.0% above the prior year period.
  • Tape B matched market share of NYSE Group was 22.9%, compared to market share of 22.3% for our next largest competitor. TRF market share across Tape B increased in May 2009 to 36.9% from 21.5% in December 2008 .

Nasdaq-listed (Tape C)

  • Total Tape C consolidated ADV in May 2009 increased 17.0% to 2.4 billion shares, compared to 2.1 billion shares in May 2008 . Tape C consolidated volumes represented only 21.4% of all Consolidated Tape trading in the U.S. in May 2009 . Year-to-date, total Tape C consolidated ADV was 0.9% above the prior year period.
  • NYSE Group’s matched ADV of Tape C decreased 6.5% to 337 million shares in May 2009 compared to 360 million shares in May 2008 . Year-to-date, NYSE Group’s Tape C matched ADV decreased 9.6% to 343 million shares.
  • NYSE Group’s Tape C matched market share was 13.9%, compared to 32.7% for our nearest competitor. TRF market share across Tape C increased in May 2009 to 38.1% from 29.9% in December 2008 .

Exchange Traded Funds

  • NYSE Group matched exchange-traded funds ADV (included in volumes from Tape B and Tape C noted above) increased 113.0% to 548 million shares in May 2009 .

European Cash

NYSE Euronext matched European cash products ADV in May 2009 increased 14.6% to 1.5 million transactions, compared to May 2008 , but decreased 6.8% from April 2009 levels. Year-to-date ADV of 1.4 million transactions was only 6.0% below the same period last year.

Derivatives Trading

European Derivatives

NYSE Euronext European derivatives products ADV in May 2009 was a record 5.6 million futures and options contracts, an increase of 28.4% from May 2008 and up 24.6% from the 4.5 million contracts recorded in April 2009 . The 5.6 million in futures and options contracts ADV in May consisted of 3.2 million contracts executed through our full-service CONNECT trading platform and a total of 2.4 million contracts executed through Bclear, NYSE Liffe's trade administration and clearing service for OTC products. Year-to-date European derivatives products ADV of 4.3 million contracts was 5.0% below prior year levels.

  • Total interest rate products ADV increased 8.2% to 2.2 million contracts from 2.0 million contracts in May 2008 and increased 15.5% from April 2009 . Total interest rate products ADV is at its highest level since October 2008 . Year-to-date, total interest rate products ADV decreased 21.6% compared to the prior year period.
  • Total equity products (including Bclear) ADV increased 46.4% to 3.4 million contracts from May 2008 and increased 32.2% compared to April 2009 . Total equity products ADV in May executed through our full-service CONNECT trading platform was 1.0 million contracts, in line with May 2008 and April 2009 . Year-to-date total equity products ADV increased 18.1% above the prior year period.
  • The increase in total equity products ADV was driven in large part by a 54.4% increase in individual equity products compared to May 2008 and a 44.9% increase compared to April 2009 . The increase in individual equity products ADV was driven by an increase in single-stock futures trading through Bclear.

U.S. Derivatives

NYSE Euronext’s U.S. equity options (NYSE Arca and NYSE Amex) ADV in May 2009 increased 73.4% to 2.5 million contracts compared to May 2008 , and increased 2.5% compared to April 2009 . Total U.S. consolidated options ADV increased 25.9% to 14.8 million contracts in May 2009 and increased 2.1% from April 2009 . Year-to-date, U.S. equity options volume of 2.4 million contracts was 36.4% above the prior year period. NYSE Euronext’s U.S. options exchanges accounted for 17.1% of the total consolidated equity options trading in May 2009 , up from 12.4% in May 2008 , and up from the 17.0% recorded in April 2009 .

Please click here for the Monthly Transaction Activity Data Table.

1 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. Prior year period does not include the former Amex equities and options businesses.

 
NYSE Euronext

Monthly Volume Summary - Cash Products

                 
Average Daily Volume Total Volume Average Daily Volume Total Volume
(Unaudited) May-09 May-08 % Chg May-09 May-08 % Chg YTD 2009

% Chg vs.

YTD 2008

YTD 2009

% Chg vs.

YTD 2008

 
Number of Trading Days - European Markets 20 21 20 21 103 103
Number of Trading Days - U.S. Markets 20 21 20 21 102 102
 
European Cash Products (trades in thousands) 1,475 1,287 14.6% 29,491 27,029 9.1% 1,435 -6.0% 147,778 -7.8%
 
Equities 1,418 1,243 14.1% 28,356 26,096 8.7% 1,370 -6.9% 141,148 -8.6%
Exchange-Traded Funds 15 6 157.7% 306 125 145.4% 14 83.3% 1,487 79.8%
Structured Products 36 34 7.9% 724 704 2.8% 44 8.1% 4,577 6.0%
Bonds 5 5 5.7% 106 105 0.7% 6 -1.5% 567 -3.4%
 
U.S. Cash Products (shares in millions) 2 3,832 2,730 40.4% 76,648 57,328 33.7% 3,962 23.4% 404,149 21.1%
 
NYSE Listed (Tape A) Issues 1
 
NYSE Group Handled Volume 2 2,787 2,016 38.2% 55,731 42,329 31.7% 2,880 20.3% 293,734 18.0%
NYSE Group Matched Volume 3 2,526 1,808 39.7% 50,514 37,965 33.1% 2,606 20.4% 265,820 18.1%
Total NYSE Listed Consolidated Volume 6,490 3,889 66.9% 129,791 81,673 58.9% 6,431 49.7% 655,985 46.8%
 
NYSE Group Share of Total Consolidated Volume
Handled Volume 2 42.9% 51.8% -8.9% 42.9% 51.8% -8.9% 44.8% -10.9% 44.8% -10.9%
Matched Volume 3 38.9% 46.5% -7.6% 38.9% 46.5% -7.6% 40.5% -9.9% 40.5% -9.9%
 
NYSE Arca & Amex (Tape B) Listed Issues
 
NYSE Group Handled Volume 2 634 283 123.7% 12,678 5,950 113.1% 668 85.1% 68,100 81.5%
NYSE Group Matched Volume 3 552 243 127.3% 11,046 5,102 116.5% 585 88.0% 59,714 84.4%
Total NYSE Arca & Amex Listed Consolidated Volume 2,407 882 173.0% 48,143 18,516 160.0% 2,373 125.6% 242,073 121.3%
 
NYSE Group Share of Total Consolidated Volume
Handled Volume 2 26.3% 32.1% -5.8% 26.3% 32.1% -5.8% 28.1% -6.2% 28.1% -6.2%
Matched Volume 3 22.9% 27.6% -4.7% 22.9% 27.6% -4.7% 24.7% -4.9% 24.7% -4.9%
 
Nasdaq Listed (Tape C) Issues
 
NYSE Group Handled Volume 2 412 431 -4.4% 8,238 9,049 -9.0% 415 -9.0% 42,315 -10.7%
NYSE Group Matched Volume 3 337 360 -6.5% 6,734 7,564 -11.0% 343 -9.6% 34,955 -11.3%
Total Nasdaq Listed Consolidated Volume 2,418 2,067 17.0% 48,351 43,407 11.4% 2,293 0.9% 233,881 -1.0%
 
NYSE Group Share of Total Consolidated Volume
Handled Volume 2 17.0% 20.8% -3.8% 17.0% 20.8% -3.8% 18.1% -2.0% 18.1% -2.0%
Matched Volume 3 13.9% 17.4% -3.5% 13.9% 17.4% -3.5% 14.9% -1.8% 14.9% -1.8%
 
Exchange-Traded Funds 1,4
 
NYSE Group Handled Volume 2 627 296 111.7% 12,536 6,217 101.7% 671 74.9% 68,458 71.5%
NYSE Group Matched Volume 3 548 257 113.0% 10,964 5,406 102.8% 590 76.5% 60,137 73.1%
Total ETF Consolidated Volume 2,435 901 170.2% 48,703 18,927 157.3% 2,439 120.8% 248,794 116.5%
 
NYSE Group Share of Total Consolidated Volume
Handled Volume 2 25.7% 32.8% -7.1% 25.7% 32.8% -7.1% 27.5% -7.2% 27.5% -7.2%
Matched Volume 3 22.5% 28.6% -6.1% 22.5% 28.6% -6.1% 24.2% -6.0% 24.2% -6.0%
 

NYSE Euronext

Monthly Volume Summary - Derivatives Products

                   
Average Daily Volume Total Volume Average Daily Volume Total Volume
(Unaudited; contracts in thousands) May-09 May-08 % Chg May-09 May-08 % Chg YTD 2009

% Chg vs.

YTD 2008

YTD 2009

% Chg vs.

YTD 2008

 
Number of Trading Days - European Markets 20 21 20 21 103 103
Number of Trading Days - U.S. Markets 20 21 20 21 102 102
 
European Derivatives Products 5,584 4,348 28.4% 111,670 91,316 22.3% 4,266 -5.0% 439,388 -6.8%
of which Bclear 2,373 1,347 76.2% 47,451 28,277 67.8% 1,189 52.4% 122,496 49.5%
 
Total Interest Rate Products 2,171 2,007 8.2% 43,421 42,145 3.0% 2,002 -21.6% 206,188 -23.1%
 
Short Term Interest Rate Products 2,047 1,888 8.4% 40,931 39,643 3.2% 1,900 -22.3% 195,727 -23.7%
Medium and Long Term Interest Rate Products 5 124 119 4.5% 2,489 2,502 -0.5% 102 -7.7% 10,462 -9.5%
 
Total Equity Products 6 3,369 2,301 46.4% 67,382 48,316 39.5% 2,217 18.1% 228,399 15.9%
 
Individual Equity Products 2,800 1,814 54.4% 56,007 38,091 47.0% 1,583 27.4% 163,093 25.0%
Equity Index Products 569 487 16.8% 11,375 10,225 11.2% 634 0.0% 65,306 -1.9%
 
of which Bclear 2,373 1,347 76.2% 47,451 28,277 67.8% 1,189 52.4% 122,496 49.5%
Individual Equity Products 2,266 1,262 79.6% 45,330 26,498 71.1% 1,054 54.1% 108,602 51.2%
Equity Index Products 106 85 25.2% 2,121 1,779 19.2% 135 40.6% 13,894 37.9%
 
Commodity Products 43 41 6.6% 868 855 1.5% 47 -18.5% 4,801 -20.1%
of which Bclear
 
U.S. Derivatives Products
 
U.S. Derivatives Products - Equity Options 7
 
NYSE Group Options Contracts 2,532 1,460 73.4% 50,649 30,667 65.2% 2,369 36.4% 241,639 33.8%
Total Consolidated Options Contracts 14,805 11,757 25.9% 296,098 246,900 19.9% 13,738 8.2% 1,401,309 6.1%
 
NYSE Group Share of Total 17.1% 12.4% 17.1% 12.4% 17.2% 3.5% 17.2% 3.5%
 
NYSE Liffe U.S.
 
Precious Metals Futures Volume 14.7 - 293.2 - 18.1 - 1,848.3 -
 
1 Includes all volume executed in NYSE Group crossing sessions.
2 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.
3 Represents the total number of shares of equity securities and ETFs executed on the NYSE Group's exchanges.
4 Data included in previously identified categories.
5 Data includes currency products.

6

Includes all trading activities for Bclear, Euronext.liffe's clearing service for wholesale equity derivatives.
7 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 Equities data has been updated for Amex integration for October 2008 forward.

 

 

Source: NYSE Euronext