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- Busiest Month Ever for European Cash Markets: +68.3% year-on-year
- Busiest November Ever for European Derivatives Markets: +38.1% year-on-year
- NYSE Group Avg. Daily Volume Up 26.8% year-on-year and 53.7% year-to-date
- NYSE Arca Options: New All-Time Records in Volume and Share of Trading
NYSE Euronext (NYSE Euronext: NYX) reported strong transaction volumes in U.S. and European trading operations for November 2007, highlighted by record activity on Euronext, Liffe and NYSE Arca Options, which is now the third largest options exchange in the U.S.
Average daily volumes of 3.3 billion shares handled(1) on NYSE Group exchanges in November 2007 resulted in year-on-year gains of 26.8%. During the month, 33.6 million transactions(2) were recorded on Euronext cash markets, up 68.3% year-on-year, bringing the total number of transactions registered since the beginning of the year to over 300 million. Liffe registered its busiest November ever, with trading up 38.1% from a year ago. Total volume for equity options trading on NYSE Arca Options reached record levels increasing 72.5% year-on-year. Average daily volume in November improved by 108.7% year-on-year, which included November's new record of 1.97 million contracts traded daily.
NYSE Euronext, with six cash equities and six derivatives exchanges, is the leading and most diversified global exchange group.
Cash Products
Euronext
-- Euronext's cash markets registered their busiest month ever
with 33.6 million transactions completed in November 2007, up
68.3% from the same month last year, representing a record
average daily volume of 1.5 million transactions.
-- In total, more than 300 million cash transactions were
registered on Euronext since the beginning of the year, up
48.5% from the same period in 2006.
-- Euronext reported 32.2 million equity transactions in November
2007, up 69.2% year-on-year. This brought the year-to-date
total number of transactions to 287 million, up 49.1% versus
the same period last year.
-- Year-on-year transactions on Euronext were up 152.7% for ETFs
and up 52.6% for structured products, including warrants and
certificates.
NYSE Group
-- NYSE Group's exchanges reported 3.3 billion shares handled per
day in November, up 26.8% year-on-year. Average daily handled
volume in 2007 is up 53.7% year-to-date compared to 2006.
-- NYSE Group's operations in NYSE-listed securities reported 2.5
billion shares handled per day, up 29.3% from the same month
last year with total volume in 2007 up 19.6% year-to-date.
-- NYSE Group's operations in ETF trading reported 397 million
shares handled daily, up 117.7% from the same period last year
with total volume in 2007 up 64.4% year-to-date. NYSE Arca's
primary listed ETFs represented 67% of the total assets under
management and 41% of ETF trading volume for all U.S. ETFs
year-to-date.
Derivatives Products
Liffe
-- Liffe, NYSE Euronext's leading futures and options business,
has had its busiest November ever, with more than 82 million
futures and options contracts traded, up 38.1% year-on-year.
-- Interest rate products traded over 45 million contracts in
November, up 23.3% from the same month last year. Of this, 42
million contracts were in short-term interest rate (STIR)
products. Over 459 million interest rate contracts have been
traded year-to-date, up 26.6% from the same period last year.
-- Equity products traded 36.3 million contracts in November, up
62.9% from the same month last year. More that 382 million
equity contracts have been traded year-to-date, up 34.8% from
the same period in 2006.
-- Liffe's Commodity products traded 1.1 million futures and
options contracts in November, up 33.1% from November last
year. Volumes are up 29.3% year-to-date.
-- Bclear, Liffe's pioneering wholesale service, processed 8.9
million contracts during the month of November, bringing the
number of contracts processed so far this year to a record 105
million, up 120.6% from the same period last year.
NYSE Arca Options
-- NYSE Arca reported a new all-time record of 1.97 million
equity options contracts executed daily on average in
November, up over 300,000 contracts from last month's record
or 1.66 million contracts traded daily. With nearly 300
million equity options contracts traded since the beginning of
the year, NYSE Arca Options volume has increased up 72.5%
compared to the same period last year.
-- In approximately one year since its launch, NYSE Arca has
become the third largest options exchange in the U.S. both for
overall trading in equity options and the SEC penny pilot in
November 2007.
-- With 41.3 million total contracts traded in November, an 8.0%
increase from the previous record of 38.3 million contracts
set in October 2007, NYSE Arca Options also achieved a new
record in overall share of trading, capturing 14.6% of all
equity options contracts traded, a 2.9% increase year-on-year.
-- In November, 20.4 million contracts were traded on NYSE Arca
Options in the SEC options penny pilot, with 17.4 million, or
85% traded electronically. Share of trading in the 35 penny
pilot issues in November was 16.5%.
Listings
Euronext
-- Seven IPOs were added on Euronext's markets in November 2007,
bringing the total number of IPOs since the beginning of the
year to a record 125, with EUR 9.4/$13.9 billion raised in
connection with new listings.
-- Additionally, seven new ETFs were listed on NextTrack in
November, bringing the total number of new ETF listings since
the beginning of the year to 68.
NYSE Group
-- The month of November produced a total of 32 new listings on
NYSE Group markets, including 12 IPOs by operating companies
on the NYSE, and 1 IPO by an operating company on NYSE Arca.
During the month, NYSE Group also listed 8 Exchange Traded
products on NYSE Arca, as well as the new listing of 6 new
structured products.
-- Of the 12 new operating companies listed, 8 US domestic
companies raised a total of EUR 2.8/$4.1 billion in connection
with listing, while 4 non-US companies raised a total of EUR
1.2/$1.7 billion in IPO proceeds in connection with listing on
the NYSE. The new operating company that listed on NYSE Arca
raised EUR 64.0/$94.5 million with its listing on the
exchange.
-- Two new closed-end funds listed in November, raising a total
of EUR 359.7/$531.0 million.
Note:
Based on third-quarter 2007 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 18%
-- U.S. cash trading accounts for 12%
-- Market data accounts for 13%
-- Listing accounts for 12%
On Nov. 30, 2007: EUR 1 = $1.4761
Appendix: NYSE Euronext Markets Tables
About NYSE Euronext
NYSE Euronext, a holding company created by the combination of NYSE Group, Inc. and Euronext N.V., commenced trading on April 4, 2007. NYSE Euronext (NYSE Euronext: NYX) operates the world's largest and most liquid exchange group and offers the most diverse array of financial products and services. NYSE Euronext, which brings together six cash equities exchanges in five countries and six derivatives exchanges in six countries, is a world leader for listings, trading in cash equities, equity and interest rate derivatives, bonds and the distribution of market data. Representing a combined $30.3 trillion/EUR 21.3 trillion total market capitalization of listed companies and average daily trading value of approximately $139 billion/EUR 103 billion (as of September 30, 2007), NYSE Euronext seeks to provide the highest standards of market quality and integrity, innovative products and services to investors, issuers, and all users of its markets.
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 2006 ("document de reference") filed with the French Autorite des Marches Financiers (Registered on June 6, 2007 under No. R.07-0089), 2006 Annual Report on Form 10-K, as amended, 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) Handled shares represent the total number of shares of equity securities internally matched on the NYSE Group's exchanges or routed to and executed at an external market center.
(2) 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.
NYSE Euronext
Monthly Volume Summary - Cash Products
----------------------------------------------------------------------
Average Daily Volume Total Volume
-----------------------------------------
(Unaudited) Nov-07 Nov-06 % Chg Nov-07 Nov-06 % Chg
------ ------ ------ ------ ------ ------
Number of Trading Days -
European Markets 22 22 22 22
Number of Trading Days -
U.S. Markets 21 21 21 21
European Cash Products
(trades in thousands) 1,526 907 68.3% 33,574 19,953 68.3%
Equities 1,463 865 69.2% 32,193 19,031 69.2%
Exchange-Traded Funds 8 3 152.7% 182 72 152.7%
Structured Products 49 32 52.6% 1,073 703 52.6%
Bonds 6 7 -14.3% 126 147 -14.3%
U.S. Cash Products (shares
in millions)(2) 3,284 2,590 26.8% 68,964 54,389 26.8%
NYSE Listed Issues (1)
NYSE Group Handled Volume
(2) 2,516 1,945 29.3% 52,835 40,848 29.3%
NYSE Group Matched Volume
(3) 2,276 1,901 19.7% 47,797 39,924 19.7%
NYSE Group TRF Volume (4) 177 - - 3,722 - -
Total NYSE Listed
Consolidated Volume 4,186 2,787 50.2% 87,909 58,532 50.2%
NYSE Group Share of Total
Consolidated Volume
Handled Volume (2) 60.1% 69.8% 60.1% 69.8%
Matched Volume (3) 54.4% 68.2% 54.4% 68.2%
TRF Volume (4) 4.2% - 4.2% -
NYSE Arca & Amex Listed
Issues
NYSE Group Handled Volume
(2) 287 135 111.7% 6,019 2,843 111.7%
NYSE Group Matched Volume
(3) 243 121 99.9% 5,097 2,550 99.9%
NYSE Group TRF Volume (4) 60 - - 1,252 - -
Total NYSE Arca & Amex
Listed Consolidated Volume 870 348 149.8% 18,275 7,314 149.8%
NYSE Group Share of Total
Consolidated Volume
Handled Volume (2) 32.9% 38.9% 32.9% 38.9%
Matched Volume (3) 27.9% 34.9% 27.9% 34.9%
TRF Volume (4) 6.9% - 6.9% -
Nasdaq Listed Issues
NYSE Group Handled Volume
(2) 481 509 -5.5% 10,110 10,699 -5.5%
NYSE Group Matched Volume
(3) 389 421 -7.6% 8,173 8,847 -7.6%
NYSE Group TRF Volume (4) 174 - - 3,649 - -
Total Nasdaq Listed
Consolidated Volume 2,446 1,948 25.6% 51,367 40,912 25.6%
NYSE Group Share of Total
Consolidated Volume
Handled Volume (2) 19.7% 26.2% 19.7% 26.2%
Matched Volume (3) 15.9% 21.6% 15.9% 21.6%
TRF Volume (4) 7.1% - 7.1% -
Exchange-Traded Funds (1,5)
NYSE Group Handled Volume
(2) 397 182 117.7% 8,339 3,830 117.7%
NYSE Group Matched Volume
(3) 347 169 104.9% 7,291 3,558 104.9%
NYSE Group TRF Volume (4) 84 - - 1,754 - -
Total ETF Consolidated
Volume 1,119 407 174.8% 23,506 8,555 174.8%
NYSE Group Share of Total
Consolidated Volume
Handled Volume (2) 35.5% 44.8% 35.5% 44.8%
Matched Volume (3) 31.0% 41.6% 31.0% 41.6%
TRF Volume (4) 7.5% - 7.5% -
Total Volume
--------------------
(Unaudited) YTD 2007 % Chg vs.
YTD 2006
-------- -----------
Number of Trading Days - European Markets 236
Number of Trading Days - U.S. Markets 231
European Cash Products (trades in
thousands) 300,047 48.5%
Equities 287,475 49.1%
Exchange-Traded Funds 1,452 132.3%
Structured Products 9,597 34.5%
Bonds 1,522 -0.4%
U.S. Cash Products (shares in
millions)(2) 671,410 53.7%
NYSE Listed Issues (1)
NYSE Group Handled Volume (2) 519,159 19.6%
NYSE Group Matched Volume (3) 480,385 13.1%
NYSE Group TRF Volume (4) 13,567 -
Total NYSE Listed Consolidated Volume 787,482 34.6%
NYSE Group Share of Total Consolidated
Volume
Handled Volume (2) 65.9%
Matched Volume (3) 61.0%
TRF Volume (4) 1.7%
NYSE Arca & Amex Listed Issues
NYSE Group Handled Volume (2) 48,807 65.2%
NYSE Group Matched Volume (3) 41,980 63.3%
NYSE Group TRF Volume (4) 4,826 -
Total NYSE Arca & Amex Listed
Consolidated Volume 132,881 60.9%
NYSE Group Share of Total Consolidated
Volume
Handled Volume (2) 36.7%
Matched Volume (3) 31.6%
TRF Volume (4) 3.6%
Nasdaq Listed Issues
NYSE Group Handled Volume (2) 103,445 -10.8%
NYSE Group Matched Volume (3) 84,235 -11.0%
NYSE Group TRF Volume (4) 22,957 -
Total Nasdaq Listed Consolidated Volume 507,839 8.3%
NYSE Group Share of Total Consolidated
Volume
Handled Volume (2) 20.4%
Matched Volume (3) 16.6%
TRF Volume (4) 4.5%
Exchange-Traded Funds (1,5)
NYSE Group Handled Volume (2) 66,059 64.4%
NYSE Group Matched Volume (3) 58,733 62.2%
NYSE Group TRF Volume (4) 6,864 -
Total ETF Consolidated Volume 161,868 74.0%
NYSE Group Share of Total Consolidated
Volume
Handled Volume (2) 40.8%
Matched Volume (3) 36.3%
TRF Volume (4) 4.2%
NYSE Euronext
----------------------------------------------------------------------
Monthly Volume Summary - Derivatives Products
----------------------------------------------------------------------
Average Daily Volume Total Volume
-------------------- ----------------------
(Unaudited; contracts in Nov-07 Nov-06 % Chg Nov-07 Nov-06 % Chg
thousands)
------ ------ ------ ------- ------- ------
Number of Trading Days -
European Markets 22 22 22 22
Number of Trading Days -
U.S. Markets 21 21 21 21
European Derivatives
Products 3,767 2,727 38.1% 82,868 59,985 38.1%
Total Interest Rate
Products 2,060 1,671 23.3% 45,329 36,758 23.3%
Short Term Interest
Rate Products 1,915 1,541 24.3% 42,141 33,910 24.3%
Medium and Long Term
Interest Rate
Products 145 129 11.9% 3,188 2,849 11.9%
Total Equity Products (6) 1,652 1,014 62.9% 36,333 22,310 62.9%
Individual Equity
Products 945 529 78.5% 20,792 11,649 78.5%
Equity Index Products 706 485 45.8% 15,541 10,661 45.8%
of which Bclear 405 124 226.5% 8,902 2,726 226.5%
Individual
Equity Products 260 72 261.5% 5,710 1,579 261.5%
Equity Index
Products 145 52 178.3% 3,192 1,147 178.3%
Commodity Products 52 39 33.1% 1,145 860 33.1%
Currency Products 3 3 8.3% 61 56 8.3%
U.S. Derivatives Products
- Equity Options (7)
NYSE Arca Options
Contracts 1,966 942 108.7% 41,291 19,788 108.7%
Total Consolidated Options
Contracts 13,469 8,021 67.9% 282,853 168,432 67.9%
NYSE Group Share of Total 14.6% 11.7% 14.6% 11.7%
Total Volume
---------------------
(Unaudited; contracts in thousands) YTD 2007 % Chg vs.
YTD 2006
---------- ----------
Number of Trading Days - European Markets 236
Number of Trading Days - U.S. Markets 231
European Derivatives Products 881,889 30.0%
Total Interest Rate Products 486,891 26.6%
Short Term Interest Rate Products 459,660 26.6%
Medium and Long Term Interest Rate
Products 27,231 25.9%
Total Equity Products (6) 382,884 34.8%
Individual Equity Products 237,987 38.7%
Equity Index Products 144,896 28.8%
of which Bclear 105,757 120.6%
Individual Equity Products 85,578 144.4%
Equity Index Products 20,180 56.0%
Commodity Products 11,647 29.3%
Currency Products 468 -33.0%
U.S. Derivatives Products - Equity Options (7)
NYSE Arca Options Contracts 299,938 72.5%
Total Consolidated Options Contracts 2,373,522 40.5%
NYSE Group Share of Total 12.6% 2.3%
(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.
