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- Busiest May Ever for European Cash and Derivatives Markets-
- Cash Equities Volumes: +31.8% in Europe, +17.7% in the U.S. y-t-d-
- Derivatives Volumes: + 30.0% in Europe, +57.1% in the U.S. y-t-d-
NYSE Euronext (NYX) reported strong transaction volume growth across most of its products and exchanges during the month of May 2008, compared to the same period in 2007 and year-to-date. NYSE Euronext's European cash and derivatives operations reported their busiest May on record.
Cash products:
- NYSE Euronext's European cash exchanges experienced continued growth and their busiest May ever, with average daily volume of 1.29 million transactions per day, up 11.2% compared to May 2007, and a total year-to-date volume increase of 31.8%. Additionally, Euronext registered strong growth in ETF transactions, with a year-to-date increase of 52.3% and monthly increase of 11.4% versus the same period in 2007.
- NYSE Euronext's U.S. cash exchanges, the New York Stock Exchange and NYSE Arca, reported a total volume(1) increase of 17.7% year-to-date. NYSE Euronext's U.S. exchanges experienced gains across most product categories since the beginning of 2008 versus the same period in 2007, including 14% for NYSE listed issues, 125% in NYSE Arca and Amex listed issues, and 76% in ETFs.
Derivatives products:
- NYSE Euronext's derivatives trading operations on Liffe experienced its busiest May ever, leading to a 30% increase in total contracts traded year-to-date compared to the same period in 2007. In May, Liffe traded more than 91 million futures and options contracts, representing an average daily volume of 4.3 million, up 20.8% from the same month in 2007. Bclear, Liffe's wholesale service for OTC trades, set another new monthly trading record, processing over 28 million contracts during the month, up 77.7% compared to the same month last year. Year-to-date trading in Liffe's short-term interest rate (STIR) contracts increased by 42.6%, compared to the same period in 2007. Equity products traded an average daily volume of 2.3 million during May 2008, up 33% on the same month in 2007. Liffe's AEX-index Daily Options, launched on 31 March 2008, traded 240,000 contracts during May 2008 and have now traded over 500,000 contracts since launch.
- Average daily volume on NYSE Arca Options increased 30.7% to 1.5 million contracts traded each day in May 2008, while total consolidated options volume rose by 24.9% compared to the same month last year. NYSE Arca Options captured 12.4% of the trading in all options in May 2008, including 13.4% year-to-date of all trading in the SEC Penny Pilot program.
Listings:
- As of May 2008, 21 Exchange Traded Funds listed on NYSE Euronext markets bringing the total number of listed issues to 637. This included six new Exchange Traded Fund listings on Euronext markets, with an additional 11 Exchange Traded Funds and four Exchange Traded Notes on NYSE Arca. Also this month, the NYSE listed six new structured products.
- On May 22, NYSE Euronext's Alternext market listed Proventec, the first UK firm to dual list on AIM and Alternext. Proventec is also the third international company to list on Alternext this year and follows the listing of two Chinese companies, Huacheng Real Estate (Alternext Paris: ALHUA) and China Corn Oil (Alternext Paris: ALCCO). NYSE Euronext's U.S. markets added 30 new listings, which included five IPOs, representing approximately $1.2 billion in IPO proceeds raised.
Please click here for the Monthly Transaction Activity Data Table.
Note:
Based on first-quarter 2008 non-GAAP net revenues (excluding activity assessment fees, and liquidity payments, routing and clearing fees) NYSE Euronext revenues from its primary business activities are represented below as a percentage of total net revenues:
- Derivatives trading accounts for 25%
- European cash trading accounts for 20%
- U.S. cash trading accounts and Software and technology services accounts for 13% respectively
- Market data accounts and Listing account for 12% respectively On May 30, 2008: EUR 1 = $1.5557
(1) Volume figures do not include the NYSE/FINRA Trade Reporting Facility.
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. NYSE Euronext's nearly 4,000 listed companies represent a combined $ 30.9/ EUR 19.8 trillion in total global market capitalization (as of April 30, 2008), more than four times that of any other exchange group. NYSE Euronext's equity exchanges transact an average daily trading value of approximately $161.9 / EUR 106.9 billion (as of April 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, please visit www.nyx.com.
NYSE Euronext
Monthly Volume Summary - Cash Products
----------------------------------------------------------------------
Average Daily Total Volume
Volume
------------------- ---------------------
(Unaudited) May- May-
08 07 % Chg May-08 May-07 % Chg
----- ----- ------- ------ ------ -------
Number of Trading Days -
European Markets 21 22 21 22
Number of Trading Days -
U.S. Markets 21 22 21 22
European Cash Products
(trades in thousands) 1,287 1,158 11.2% 27,029 25,465 6.1%
Equities 1,243 1,110 11.9% 26,096 24,425 6.8%
Exchange-Traded Funds 6 5 16.7% 125 112 11.4%
Structured Products 34 36 -6.4% 704 788 -10.6%
Bonds 5 6 -21.4% 105 140 -25.0%
U.S. Cash Products (shares
in millions) (2) 2,730 2,722 0.3% 57,328 59,877 -4.3%
NYSE Listed Issues (1)
NYSE Group Handled Volume
(2) 2,016 2,112 -4.5% 42,329 46,458 -8.9%
NYSE Group Matched Volume
(3) 1,808 1,966 -8.0% 37,965 43,247 -12.2%
NYSE Group TRF Volume (4) 233 17 1253.6% 4,886 378 1192.0%
Total NYSE Listed
Consolidated Volume 3,889 3,102 25.4% 81,673 68,250 19.7%
NYSE Group Share of Total
Consolidated Volume
Handled Volume (2) 51.8% 68.1% 51.8% 68.1%
Matched Volume (3) 46.5% 63.4% 46.5% 63.4%
TRF Volume (4) 6.0% 0.6% 6.0% 0.6%
NYSE Arca & Amex Listed
Issues
NYSE Group Handled Volume
(2) 283 163 74.1% 5,950 3,579 66.2%
NYSE Group Matched Volume
(3) 243 139 75.0% 5,102 3,054 67.0%
NYSE Group TRF Volume (4) 109 10 936.9% 2,279 230 889.8%
Total NYSE Arca & Amex
Listed Consolidated
Volume 882 459 92.2% 18,516 10,093 83.4%
NYSE Group Share of Total
Consolidated Volume
Handled Volume (2) 32.1% 35.5% 32.1% 35.5%
Matched Volume (3) 27.6% 30.3% 27.6% 30.3%
TRF Volume (4) 12.3% 2.3% 12.3% 2.3%
Nasdaq Listed Issues
NYSE Group Handled Volume
(2) 431 447 -3.7% 9,049 9,839 -8.0%
NYSE Group Matched Volume
(3) 360 363 -0.7% 7,564 7,980 -5.2%
NYSE Group TRF Volume (4) 191 128 48.5% 4,004 2,825 41.7%
Total Nasdaq Listed
Consolidated Volume 2,067 2,118 -2.4% 43,407 46,592 -6.8%
NYSE Group Share of Total
Consolidated Volume
Handled Volume (2) 20.8% 21.1% 20.8% 21.1%
Matched Volume (3) 17.4% 17.1% 17.4% 17.1%
TRF Volume (4) 9.2% 6.1% 9.2% 6.1%
Exchange-Traded Funds (1,5)
NYSE Group Handled Volume
(2) 296 219 35.2% 6,217 4,818 29.0%
NYSE Group Matched Volume
(3) 257 196 31.0% 5,406 4,322 25.1%
NYSE Group TRF Volume (4) 117 19 517.7% 2,457 417 489.6%
Total ETF Consolidated
Volume 901 536 68.0% 18,927 11,801 60.4%
NYSE Group Share of Total
Consolidated Volume
Handled Volume (2) 32.8% 40.8% 32.8% 40.8%
Matched Volume (3) 28.6% 36.6% 28.6% 36.6%
TRF Volume (4) 13.0% 3.5% 13.0% 3.5%
Total Volume
-------------------
(Unaudited) % Chg vs.
YTD 2008 YTD 2007
--------- ---------
Number of Trading Days -
European Markets 105
Number of Trading Days -
U.S. Markets 104
European Cash Products
(trades in thousands) 160,210 31.8%
Equities 154,479 32.9%
Exchange-Traded Funds 827 52.3%
Structured Products 4,317 6.6%
Bonds 587 -18.0%
U.S. Cash Products (shares
in millions) (2) 333,842 17.7%
NYSE Listed Issues (1)
NYSE Group Handled Volume
(2) 248,924 13.9%
NYSE Group Matched Volume
(3) 225,060 9.6%
NYSE Group TRF Volume (4) 23,150 6022.0%
Total NYSE Listed
Consolidated Volume 446,706 41.2%
NYSE Group Share of Total
Consolidated Volume
Handled Volume (2) 55.7%
Matched Volume (3) 50.4%
TRF Volume (4) 5.2%
NYSE Arca & Amex Listed
Issues
NYSE Group Handled Volume
(2) 37,520 125.2%
NYSE Group Matched Volume
(3) 32,388 125.8%
NYSE Group TRF Volume (4) 9,820 4165.1%
Total NYSE Arca & Amex
Listed Consolidated
Volume 109,388 149.6%
NYSE Group Share of Total
Consolidated Volume
Handled Volume (2) 34.3%
Matched Volume (3) 29.6%
TRF Volume (4) 9.0%
Nasdaq Listed Issues
NYSE Group Handled Volume
(2) 47,398 -2.2%
NYSE Group Matched Volume
(3) 39,408 -0.8%
NYSE Group TRF Volume (4) 21,171 649.4%
Total Nasdaq Listed
Consolidated Volume 236,246 6.4%
NYSE Group Share of Total
Consolidated Volume
Handled Volume (2) 20.1%
Matched Volume (3) 16.7%
TRF Volume (4) 9.0%
Exchange-Traded Funds (1,5)
NYSE Group Handled Volume
(2) 39,911 76.4%
NYSE Group Matched Volume
(3) 34,734 71.1%
NYSE Group TRF Volume (4) 11,009 2541.3%
Total ETF Consolidated
Volume 114,911 121.1%
NYSE Group Share of Total
Consolidated Volume
Handled Volume (2) 34.7%
Matched Volume (3) 30.2%
TRF Volume (4) 9.6%
NYSE Euronext
----------------------------------------------------------------------
Monthly Volume Summary - Derivatives Products
----------------------------------------------------------------------
Average Daily
Volume Total Volume
------------------- ----------------------
(Unaudited; contracts in May-
thousands) May-08 07 % Chg May-08 May-07 % Chg
------ ----- ------ ------- ------- ------
Number of Trading Days -
European Markets 21 22 21 22
Number of Trading Days -
U.S. Markets 21 22 21 22
European Derivatives
Products 4,348 3,600 20.8% 91,316 79,200 15.3%
Total Interest Rate
Products 2,005 1,820 10.2% 42,111 40,038 5.2%
Short Term Interest
Rate Products 1,888 1,680 12.4% 39,643 36,950 7.3%
Medium and Long Term
Interest Rate
Products 118 140 -16.3% 2,468 3,088 -20.1%
Total Equity Products (6) 2,301 1,730 33.0% 48,316 38,070 26.9%
Individual Equity
Products 1,814 1,226 48.0% 38,091 26,970 41.2%
Equity Index Products 487 505 -3.5% 10,225 11,100 -7.9%
of which
Bclear 1,347 723 86.2% 28,277 15,912 77.7%
Individual
Equity
Products 1,262 646 95.4% 26,498 14,206 86.5%
Equity
Index
Products 85 78 9.3% 1,779 1,706 4.3%
Commodity Products 41 48 -14.9% 855 1,052 -18.8%
Currency Products 2 2 -9.1% 35 40 -13.3%
U.S. Derivatives Products -
Equity Options (7)
NYSE Arca Options
Contracts 1,460 1,117 30.7% 30,667 24,575 24.8%
Total Consolidated
Options Contracts 11,757 9,410 24.9% 246,900 207,028 19.3%
NYSE Group Share of
Total 12.4% 11.9% 12.4% 11.9%
Total Volume
-------------------
(Unaudited; contracts in % Chg vs.
thousands) YTD 2008 YTD 2007
--------- ---------
Number of Trading Days -
European Markets 105
Number of Trading Days -
U.S. Markets 104
European Derivatives
Products 471,262 30.0%
Total Interest Rate
Products 268,034 39.7%
Short Term Interest
Rate Products 256,631 42.6%
Medium and Long Term
Interest Rate Products 11,403 -4.3%
Total Equity Products (6) 197,070 19.0%
Individual Equity
Products 130,476 23.2%
Equity Index Products 66,594 11.6%
of which Bclear 81,924 68.0%
Individual
Equity
Products 71,850 74.1%
Equity
Index
Products 10,074 34.7%
Commodity Products 6,006 26.7%
Currency Products 152 -25.2%
U.S. Derivatives Products -
Equity Options (7)
NYSE Arca Options
Contracts 180,644 57.1%
Total Consolidated
Options Contracts 1,320,294 41.1%
NYSE Group Share of
Total 13.7% 1.4%
(1) Includes all volume executed in NYSE Group crossing sessions.
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
(2) includes odd-lots.
Represents the total number of shares of equity securities and
(3) ETFs executed on the NYSE Group's exchanges.
Represents NYSE's volume in FINRA/NYSE Trade Reporting Facility
(4) (TRF).
(5) Data included in previously identified categories.
Includes all trading activities for Bclear, Euronext.liffe's
(6) clearing service for wholesale equity derivatives.
Includes trading in U.S. equity options contracts, not equity-
(7) 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.
