NYSE Euronext (NYX) reported strong growth in transaction volume across its products and exchanges during the month of July 2008 compared to July 2007. NYSE Euronext's cash equities and derivatives exchanges in Europe and the U.S. reported their busiest July ever with substantial increases in both total volume and average daily volume across products and geographies.
Global Cash Equities:- NYSE Euronext's five European cash exchanges traded an average daily volume of 1.56 million transactions(1) in July 2008, up 20.8% compared to July 2007. Total monthly cash volume increased 26.3% with 35.8 million transactions compared to the same period in 2007. Additionally, Euronext registered strong growth in ETF transactions, with a monthly increase of 33.7% versus the same period in 2007 as well as a year-to-date increase of 45%.
- NYSE Euronext's U.S. cash exchanges, the New York Stock Exchange and NYSE Arca, reported a total volume(2) increase of 28.0% in July 2008. In July NYSE Euronext's U.S. exchanges realized gains in total monthly matched share volume across all product categories, including 18.9% for NYSE-listed issues, 112.4% in NYSE Arca and Amex-listed issues, 19.1% in Nasdaq-listed issues and 66.6% in ETFs. Also in July, NYSE Euronext's U.S. operations achieved a 1.3 percentage point increase in matched market share for Nasdaq-listed issues, which represents a 13.7% increase in matched average daily volume compared to July 2007.
- NYSE Euronext's derivatives trading operations on Liffe also recorded its busiest July ever, with 78.8 million total futures and options contracts traded during the month, an increase of 8.7% versus the same period in 2007. Additionally, Liffe experienced a year-to-date increase of 22.8% with over 644 million contracts traded.
- Bclear, the Exchange's pioneering trade administration and clearing service, processed more than 11.5 million equity derivatives contracts in July, more than double the number from July 2007. Year-to-date, overall volumes on Bclear are up 62.2% compared to the same period of 2007.
- In July 2008, trading in Liffe's short-term interest rate (STIR) contracts increased 4.8% while year-to-date, STIRs grew by 31.3%, compared to the same period in 2007.
- Trading in total equity products increased by 14.9% in July 2008 compared to the July 2007. With over 277 million contracts traded year-to-date, total equity products on Liffe increased 16.0% compared to the same period in 2007.
- NYSE Arca Options had the busiest July ever, with average daily volume increasing 51.3% to 1.89 million contracts traded per day in July 2008. Total equity options volume on NYSE Arca rose by 58.5% in July compared to the same month last year.
- NYSE Arca Options captured 12.3% of the trading in all equity options in July 2008 and 13.3% year-to-date --1.4 and 1.3 percentage point increases, respectively.
- For equity options trading in the SEC Penny Pilot program, NYSE Arca Options executed 14.1% of all eligible issues in July 2008 and 15.1% year-to-date.
- In July, NYSE Euronext's U.S. markets added eight new listings, including one IPO. NYSE Euronext's European markets added 12 new listings, which includes three IPOs.
- During July, NYSE listed three structured products while NYSE Arca listed two exchange traded products. Euronext listed 20 new Exchange Traded Funds, bringing the total number of Exchange Traded Products listed on all NYSE Euronext markets to 690.
Please click here for the Monthly Transaction Activity Data Table.
About NYSE Euronext
NYSE Euronext (NYX) operates the world's leading and most liquid exchange group, and seeks to provide the highest levels of quality, customer choice and innovation. Its family of exchanges, located in six countries, includes the New York Stock Exchange, the world's largest cash equities market; Euronext, the Eurozone's largest cash equities market; Liffe, Europe's leading derivatives exchange by value of trading; and NYSE Arca Options, one of the fastest growing U.S. options trading platforms. NYSE Euronext offers a diverse array of financial products and services for issuers, investors and financial institutions in cash equities, options and derivatives, ETFs, bonds, market data, and commercial technology solutions. As the world's largest exchange group by number of listings and market capitalization, NYSE Euronext is home to over 6,400 listed issues representing a combined $26.7 / 17.1 EUR trillion (as of June 30, 2008) in total global market capitalization, more than four times that of any other exchange group. NYSE Euronext's equity exchanges transact an average daily trading value of approximately $157.0 /102.7 EUR billion (as of June 30, 2008), which represents more than one-third of the world's cash equities trading. NYSE Euronext is part of the S&P 500 index and the only exchange operator in the S&P 100 index. For more information and free real-time stock prices for all NYSE-listed securities, please visit www.nyx.com.
Cautionary Note Regarding Forward-Looking Statements
This press release may contain forward-looking statements, including forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements include, but are not limited to, statements concerning NYSE Euronext's plans, objectives, expectations and intentions and other statements that are not historical or current facts. Forward-looking statements are based on NYSE Euronext's current expectations and involve risks and uncertainties that could cause actual results to differ materially from those expressed or implied in such forward-looking statements. Factors that could cause NYSE Euronext's results to differ materially from current expectations include, but are not limited to: NYSE Euronext's ability to implement its strategic initiatives, economic, political and market conditions and fluctuations, government and industry regulation, interest rate risk and U.S. and global competition, and other factors detailed in NYSE Euronext's reference document for 2007 ("document de reference") filed with the French Autorite des Marches Financiers (Registered on May 15, 2008 under No. R. 08-054), 2007 Annual Report on Form 10-K and other periodic reports filed with the U.S. Securities and Exchange Commission or the French Autorite des Marches Financiers. In addition, these statements are based on a number of assumptions that are subject to change. Accordingly, actual results may be materially higher or lower than those projected. The inclusion of such projections herein should not be regarded as a representation by NYSE Euronext that the projections will prove to be correct. This press release speaks only as of this date. NYSE Euronext disclaims any duty to update the information herein.
(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.
(2) Volume figures do not include the FINRA/NYSE Trade Reporting Facility.
NYSE Euronext
Monthly Volume Summary - Cash Products
----------------------------------------------------------------------
Average Daily
Volume Total Volume Total Volume
------------------ --------------------- ---------------
% Chg
vs.
Jul- Jul- YTD YTD
(Unaudited) 08 07 % Chg Jul-08 Jul-07 % Chg 2008 2007
----- ----- ------ ------- ------ ------ ------- -------
Number of
Trading Days
- European
Markets 23 22 23 22 149
Number of
Trading Days
- U.S.
Markets 22 21 22 21 147
European Cash
Products
(trades in
thousands) 1,555 1,288 20.8% 35,770 28,327 26.3% 226,585 28.0%
Equities 1,508 1,231 22.5% 34,681 27,091 28.0% 218,786 29.2%
Exchange-
Traded Funds 8 6 27.9% 183 137 33.7% 1,153 45.0%
Structured
Products 35 42 -18.6% 794 933 -14.9% 5,832 0.0%
Bonds 5 8 -35.8% 111 166 -32.9% 813 -22.0%
U.S. Cash
Products
(shares in
millions) (2)3,734 3,057 22.2% 82,154 64,197 28.0% 483,187 18.0%
NYSE Listed
Issues (1)
NYSE Group
Handled
Volume (2) 2,771 2,381 16.4% 60,956 50,009 21.9% 360,095 13.7%
NYSE Group
Matched
Volume (3) 2,490 2,194 13.5% 54,773 46,083 18.9% 324,817 9.5%
NYSE Group
TRF Volume
(4) 412 51 701.6% 9,059 1,079 739.8% 38,447 1697.6%
Total NYSE
Listed
Consolidated
Volume 5,739 3,593 59.7% 126,257 75,445 67.4% 671,402 45.3%
NYSE Group
Share of
Total
Consolidated
Volume
Handled
Volume (2) 48.3% 66.3% 48.3% 66.3% 53.6%
Matched
Volume (3) 43.4% 61.1% 43.4% 61.1% 48.4%
TRF Volume
(4) 7.2% 1.4% 7.2% 1.4% 5.7%
NYSE Arca &
Amex Listed
Issues
NYSE Group
Handled
Volume (2) 493 246 100.6% 10,844 5,161 110.1% 56,183 113.2%
NYSE Group
Matched
Volume (3) 437 215 102.8% 9,612 4,525 112.4% 48,784 113.9%
NYSE Group
TRF Volume
(4) 212 24 800.7% 4,675 495 843.6% 17,570 1450.1%
Total NYSE
Arca & Amex
Listed
Consolidated
Volume 1,594 639 149.6% 35,078 13,414 161.5% 169,813 145.4%
NYSE Group
Share of
Total
Consolidated
Volume
Handled
Volume (2) 30.9% 38.5% 30.9% 38.5% 33.1%
Matched
Volume (3) 27.4% 33.7% 27.4% 33.7% 28.7%
TRF Volume
(4) 13.3% 3.7% 13.3% 3.7% 10.3%
Nasdaq Listed
Issues
NYSE Group
Handled
Volume (2) 471 430 9.5% 10,354 9,027 14.7% 66,909 0.6%
NYSE Group
Matched
Volume (3) 399 351 13.7% 8,779 7,373 19.1% 55,805 2.7%
NYSE Group
TRF Volume
(4) 249 159 56.6% 5,486 3,343 64.1% 31,084 229.9%
Total Nasdaq
Listed
Consolidated
Volume 2,354 2,234 5.4% 51,790 46,905 10.4% 335,324 6.3%
NYSE Group
Share of
Total
Consolidated
Volume
Handled
Volume (2) 20.0% 19.2% 20.0% 19.2% 20.0%
Matched
Volume (3) 17.0% 15.7% 17.0% 15.7% 16.6%
TRF Volume
(4) 10.6% 7.1% 10.6% 7.1% 9.3%
Exchange-
Traded Funds
(1,5)
NYSE Group
Handled
Volume (2) 528 327 61.1% 11,605 6,876 68.8% 59,892 68.0%
NYSE Group
Matched
Volume (3) 468 294 59.1% 10,290 6,175 66.6% 52,343 64.1%
NYSE Group
TRF Volume
(4) 228 33 583.0% 5,020 702 615.6% 19,383 1026.0%
Total ETF
Consolidated
Volume 1,681 772 117.9% 36,991 16,208 128.2% 178,397 116.5%
NYSE Group
Share of
Total
Consolidated
Volume
Handled
Volume (2) 31.4% 42.4% 31.4% 42.4% 33.6%
Matched
Volume (3) 27.8% 38.1% 27.8% 38.1% 29.3%
TRF Volume
(4) 13.6% 4.3% 13.6% 4.3% 10.9%
NYSE Euronext
----------------------------------------------------------------------
Monthly Volume Summary - Derivatives Products
----------------------------------------------------------------------
Average Daily Volume Total Volume
-------------------- ----------------------
(Unaudited; contracts in
thousands) Jul-08 Jul-07 % Chg Jul-08 Jul-07 % Chg
------ ------ ------ ------- ------- ------
Number of Trading Days -
European Markets 23 22 23 22
Number of Trading Days -
U.S. Markets 22 21 22 21
European Derivatives
Products 3,426 3,297 3.9% 78,806 72,525 8.7%
Total Interest Rate
Products 1,812 1,822 -0.5% 41,672 40,076 4.0%
Short Term Interest Rate
Products 1,728 1,724 0.2% 39,733 37,919 4.8%
Medium and Long Term
Interest Rate Products 84 98 -14.0% 1,939 2,156 -10.1%
Total Equity Products (6) 1,564 1,423 9.9% 35,965 31,296 14.9%
Individual Equity
Products 934 846 10.4% 21,480 18,607 15.4%
Equity Index Products 630 577 9.2% 14,485 12,689 14.2%
of which Bclear 499 238 109.7% 11,483 5,238 119.2%
Individual Equity
Products 387 185 109.5% 8,891 4,059 119.0%
Equity Index Products 113 54 110.3% 2,591 1,178 119.9%
Commodity Products 51 52 -3.1% 1,169 1,154 1.4%
Currency Products 1 2 -42.9% 22 38 -42.9%
U.S. Derivatives Products
- Equity Options (7)
NYSE Arca Options
Contracts 1,894 1,252 51.3% 41,670 26,283 58.5%
Total Consolidated
Options Contracts 15,361 11,457 34.1% 337,943 240,605 40.5%
NYSE Group Share of Total 12.3% 10.9% 12.3% 10.9%
Total Volume
-----------------------
% Chg vs.
(Unaudited; contracts in thousands) YTD 2008 YTD 2007
------------ ----------
Number of Trading Days - European Markets 149
Number of Trading Days - U.S. Markets 147
European Derivatives Products 644,563 22.8%
Total Interest Rate Products 358,687 28.8%
Short Term Interest Rate Products 343,239 31.3%
Medium and Long Term Interest Rate Products 15,448 -9.0%
Total Equity Products (6) 277,570 16.0%
Individual Equity Products 182,254 19.5%
Equity Index Products 95,315 10.0%
of which Bclear 114,677 62.2%
Individual Equity Products 99,531 65.7%
Equity Index Products 15,146 42.6%
Commodity Products 8,307 17.1%
Currency Products 174 -27.9%
U.S. Derivatives Products - Equity Options (7)
NYSE Arca Options Contracts 257,126 54.9%
Total Consolidated Options Contracts 1,938,252 40.6%
NYSE Group Share of Total 13.3% 1.3%
(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) Represents NYSE's volume in FINRA/NYSE Trade Reporting Facility
(TRF).
(5) Data included in previously identified categories.
(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.
SOURCE: NYSE Euronext
