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- Euronext cash transactions: +26% year-to-date, second busiest month ever
- Euronext.liffe: +14% year-to-date
- NYSE Arca Options volume: +43% from prior year
- YSE Group Listed 9 New ETFs, Volume Up 35.1% year-to-date
NYSE Euronext (NYSE Euronext: NYX) today announced transaction activity data(1) for its six cash equities exchanges and six derivatives exchanges. As the world's leading and most diversified global exchange group, NYSE Euronext operates the world's largest and most liquid cash equities market center trading a combined average daily value of EUR 75.3/$102.4 billion with a total global market capitalization of listed companies valued at EUR 21.7/$29.6 trillion year-to-date through May 31, 2007.
CASH PRODUCTS
Euronext
-- Euronext's cash markets registered their second busiest month
ever with 25.5 million transactions completed in May 2007, up
15.4% from the same month last year. In total, a record 121.6
million cash transactions were registered on Euronext since
the beginning of the year, up 26.1% from the same period in
2006. This represents an average daily volume of 1.2 million.
-- Euronext reported 24.4 million transactions registered in
equities in May 2007, up 16.3% from the same month last year,
representing a daily average of 1.1 million transactions.
-- Year-to-date transactions on Euronext were up 74.9% on
Exchange-Traded Funds and up 18.9% on Structured Products,
which include warrants and certificates.
NYSE Group
-- NYSE Group exchanges reported 2.7 billion shares handled(2)
per day, up 9.1% year-to-date. NYSE Group's operations in
NYSE-listed securities reported 2.1 billion shares handled per
day, up 4.0% from the same month last year and 12.2%
year-to-date.
-- NYSE Group's operations in ETF trading reported 218.0 million
shares handled daily, up 14.0% from the same period last year
and 35.1% year-to-date.
LISTINGS
NYSE Euronext
-- There were 32 new listings (IPOs, closed-end funds and
transfers) and 11 ETF listings on NYSE Euronext's markets in
May 2007.
Euronext
-- There were 12 IPOs listed on Euronext's markets in May 2007,
including 4 new listings on Alternext. This brings the total
number of IPOs listed since the beginning of the year to a
record of 52, with EUR 2.0/$2.7 billion raised in connection
with listing, as compared to 42 during the same period in
2006. Additionally, 2 new ETFs were listed on NextTrack in May
2007.
NYSE Group
-- In May, there were 20 new listings on the NYSE Group markets,
including 16 IPOs, 2 transfers from the Amex and 2 companies
listing after successfully re-emerging from bankruptcy. In
addition, 9 ETFs were listed on NYSE Group exchanges during
the month.
-- The 16 IPOs included 11 IPOs by operating companies (excluding
funds), which raised $3.04/EUR 2.26 billion and 5 closed-end
funds, which raised $3.5/EUR 2.6 billion in connection with
listing on the NYSE.
-- Through May 31, NYSE Group attracted 117 new listings as
compared to 56 during the same period in 2006.
DERIVATIVES PRODUCTS
Euronext.liffe
-- Euronext.liffe traded 79 million futures and options contracts
in May 2007, up 2.6% from the same month in 2006, and over 362
million year-to-date, up 13.7% from the same period last year.
-- Bclear, Euronext.liffe's wholesale equity derivatives
administration and clearing service, processed a record 15.9
million contracts during the month, up 19.6% from the same
month in 2006 and up 76.3% year-to-date.
-- Interest rate products traded over 40 million contracts in May
and over 191 million contracts year-to-date, up 11.3% from the
same period in 2006.
-- Equity products traded over 38 million contracts in the month,
up 1.3% from May 2006, and more than 165 million contracts
year-to-date, up 16.2% year-on-year. Euronext.liffe's Single
Stock Futures had their busiest month ever, trading 11.2
million contracts.
-- Euronext.liffe's Commodity products traded over one million
contracts in May, up 42.6% from the same month in 2006 and up
26.3% year-to-date.
NYSE Arca
-- NYSE Arca reported 1.1 million equity option contracts
executed per day in May 2007, up 43% from the same month last
year.
-- From January 1 through May 31, 2007, NYSE Arca Options
achieved a 35% increase in its share of trading in the SEC
penny pilot issues. Average daily volume in the penny pilot
issues has increased 58% to 174 thousand contracts per day in
May, up from 110 thousand contracts per day in January 2007.
ADDITIONAL BUSINESS HIGHLIGHTS
-- On May 10, France's national weather service Meteo-France and
Euronext announced the launch of a joint venture, Metnext,
specializing in innovative solutions for index-based
management of weather risk.
-- On May 17, Alternext, the market of Euronext tailored to the
needs of small to medium-size companies, celebrated its second
anniversary of operations. Today over 90 companies are listed
on Alternext, with total market capitalization totaling EUR
4.8/6.5 billion as of May 31, 2007.
-- As part of their partnership agreement, Euronext and the
Luxembourg Stock Exchange announced the creation of a European
Economic Interest Group (EEIG) on May 21. The EEIG's purpose
will be to develop a shared standard for listing and trading
corporate bonds through the use and promotion of a
comprehensive, integrated solution based on leading-edge
technology.
-- On May 25, the total volume in equity derivatives futures and
options registered through Euronext.liffe's Bclear wholesale
service passed the 100 million milestone. The service
registered its 50 millionth contract on December 13, 2006.
-- NYSE Arca Options announced the addition of four new Market
Makers (MMs) to its options trading platform for a total of 29
market making firms. With its superior technology, unique
market structure and low costs, NYSE Arca Options has added 10
new market making firms since its launch in late 2006.
-- NYSE Bonds commenced rollout of the first unlisted bonds of
NYSE listed companies eligible to begin trading on the new
platform. The addition of these 1,000 new issues is a part of
a measured implementation that is expected to culminate with
the inclusion of more than 3,000 bonds over the next few
months and a total of over 5,000 by year end.
-- The NASD/NYSE Trade Reporting Facility (TRF)(3), which began
processing trades on April 26, completed rollout in May and
continues to add customers and increase volume. With more than
150 million shares processed daily in May for all NMS listed
securities, the NASD/NYSE TRF currently represents a 6.1%
share of trading Nasdaq listed issues.
-- In May, NYSE Data introduced the Custom TAQ (Trade and Quote),
a market information product offering users the unique ability
to build customized trade data reports online that include
historical and intra-day transaction and quotation information
for NYSE, Nasdaq and Amex listed securities, including Trade
Reporting Facilities.
-- On a pro forma combined basis as if the merger between NYSE
Group and Euronext had been consummated on January 1, 2007,
revenues for the three months ended March 31, 2007 would have
been $1.12 billion (including $186 million of activity
assessment fees), operating income would have been $264
million, and net income would have been $161 million, or $0.60
per diluted share.
Based on the March 31, 2007 pro forma combined revenues of NYSE Euronext (excluding activity assessment fees, liquidity payments, and routing and clearing fees), revenues from NYSE Euronext's primary business activities are represented below as a percentage of total net revenues:
Derivatives revenues account for 22%
European cash trading accounts for 16%
U.S. cash trading accounts for 11%
Listing fees account for 13%
Market data accounts for 15%
On May 31, 2007: EUR 1 = $1.3453
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 EUR 21.7/$29.6 trillion total market capitalization of listed companies and average daily trading value of approximately EUR 75.3/$102.4 billion (as of May 31, 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 Registration Statement (document de base) filed with the French Autorite des Marches Financiers (Registered on November 30, 2006 under No. 06-0184), 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.
The following are trade marks of Euronext and may not be used without obtaining a license from Euronext: CAC(R), CAC 40(R), AEX(R), AEX-index(R), BEL 20(R), PSI 20(R), EURONEXT(R), LIFFE CONNECT(R), TRACKER(R).
FLEX(R) is a registered trademark of the Chicago Board Options Exchange Inc. and has been licensed for use by LIFFE.
(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) 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.
(3) NASD is a registered trademark owned by National Association of Securities Dealers, Inc., and is used under license from National Association of Securities Dealers, Inc.
NYSE Euronext
Monthly Volume Summary - Cash Products
----------------------------------------------------------------------
Average Daily Volume Total Volume Total Volume
-------------------- -------------------- --------------
(Unaudited) May-07 May-06 % Chg May-07 May-06 % Chg YTD 2007 % Chg
vs.
YTD
2006
-------------------- -------------------- --------------
Number of
Trading Days
- European
Markets 22 22 - 22 22 - 105 -
Number of
Trading Days
- U.S.
Markets 22 22 - 22 22 - 103 -
European Cash
Products
(trades in
thousands) 1,158 1,003 15.4% 25,465 22,058 15.4% 121,583 26.1%
Equities 1,110 955 16.3% 24,425 21,005 16.3% 116,273 26.5%
Exchange-
Traded Funds 5 3 53.6% 112 73 53.6% 543 74.9%
Structured
Products 36 38 -5.3% 788 832 -5.3% 4,051 18.9%
U.S. Cash
Products
(shares in
millions)
NYSE Listed
Issues (1)
NYSE Group
Handled
Volume (2) 2,108 2,026 4.0% 46,383 44,579 4.0% 218,418 12.2%
NYSE Group
Matched
Volume (3) 1,966 1,987 -1.1% 43,247 43,711 -1.1% 205,317 7.4%
NYSE Group
TRF Volume
(4) 17 - - 378 - - 378 -
Total NYSE
Listed
Consolidated
Volume 3,102 2,634 17.8% 68,250 57,958 17.8% 316,296 24.3%
NYSE Group
Share of
Total
Consolidated
Volume
Handled
Volume (2) 68.0% 76.9% 68.0% 76.9% 69.1%
Matched
Volume (3) 63.4% 75.4% 63.4% 75.4% 64.9%
TRF Volume
(4) 0.6% - 0.6% - -
NYSE Arca &
Amex Listed
Issues
NYSE Group
Handled
Volume (2) 161 141 14.1% 3,543 3,106 14.1% 16,622 34.5%
NYSE Group
Matched
Volume (3) 139 122 13.9% 3,054 2,682 13.9% 14,341 34.1%
NYSE Group
TRF Volume
(4) 10 - - 230 - - 230 -
Total NYSE
Arca & Amex
Listed
Consolidated
Volume 459 424 8.2% 10,093 9,325 8.2% 43,834 16.5%
NYSE Group
Share of
Total
Consolidated
Volume
Handled
Volume (2) 35.1% 33.3% 35.1% 33.3% 37.9%
Matched
Volume (3) 30.3% 28.8% 30.3% 28.8% 32.7%
TRF Volume
(4) 2.3% - 2.3% - -
Nasdaq Listed
Issues
NYSE Group
Handled
Volume (2) 440 564 -21.9% 9,687 12,409 -21.9% 48,310 -8.1%
NYSE Group
Matched
Volume (3) 363 463 -21.6% 7,980 10,177 -21.6% 39,731 -6.7%
NYSE Group
TRF Volume
(4) 128 - - 2,825 - - 2,825 -
Total Nasdaq
Listed
Consolidated
Volume 2,118 2,165 -2.2% 46,592 47,629 -2.2% 222,060 1.4%
NYSE Group
Share of
Total
Consolidated
Volume
Handled
Volume (2) 20.8% 26.1% 20.8% 26.1% 21.8%
Matched
Volume (3) 17.1% 21.4% 17.1% 21.4% 17.9%
TRF Volume
(4) 6.1% - 6.1% - -
Exchange-
Traded Funds
(1,5)
NYSE Group
Handled
Volume (2) 218 192 13.6% 4,798 4,226 13.6% 22,608 35.1%
NYSE Group
Matched
Volume (3) 196 174 12.9% 4,322 3,827 12.9% 20,300 35.2%
NYSE Group
TRF Volume
(4) 19 - - 417 - - - -
Total Nasdaq
Listed
Consolidated
Volume 536 455 18.0% 11,801 10,003 18.0% 51,981 32.1%
NYSE Group
Share of
Total
Consolidated
Volume
Handled
Volume (2) 40.7% 42.2% 40.7% 42.2% 43.5%
Matched
Volume (3) 36.6% 38.3% 36.6% 38.3% 39.1%
TRF Volume
(4) 3.5% - 3.5% - -
NYSE Euronext
----------------------------------------------------------------------
Monthly Volume Summary - Derivatives Products
----------------------------------------------------------------------
Average Daily Volume Total Volume Total Volume
-------------------- ---------------------- -------------
(Unaudited; May-07 May-06 % Chg May-07 May-06 % Chg YTD 2007% Chg
contracts in vs.
thousands) YTD
2006
-------------------- ---------------------- -------------
Number of
Trading Days
- European
Markets 22 22 - 22 22 - 105 -
Number of
Trading Days
- U.S.
Markets 22 22 - 22 22 - 103 -
European
Derivatives
Products 3,600 3,509 2.6% 79,200 77,205 2.6% 362,447 13.7%
Total
Interest
Rate
Products 1,820 1,766 3.0% 40,038 38,863 3.0% 191,905 11.3%
Short Term
Interest
Rate
Products 1,680 1,648 1.9% 36,950 36,246 1.9% 179,995 10.7%
Medium and
Long Term
Interest
Rate
Products 140 119 18.0% 3,088 2,617 18.0% 11,910 22.4%
Total Equity
Products (6) 1,730 1,708 1.3% 38,070 37,568 1.3% 165,600 16.2%
Individual
Equity
Products 1,226 1,128 8.7% 26,970 24,811 8.7% 105,922 14.2%
Equity Index
Products 505 580 -13.0% 11,100 12,757 -13.0% 59,678 20.0%
of which
Bclear 723 605 19.6% 15,912 13,306 19.6% 48,754 76.3%
Individual
Equity
Products 646 536 20.5% 14,206 11,791 20.5% 41,276 88.5%
Equity
Index
Products 78 69 12.6% 1,706 1,515 12.6% 7,478 30.0%
Commodity
Products 48 34 42.6% 1,052 738 42.6% 4,739 26.3%
Currency
Products 2 2 7.1% 40 37 7.1% 204 41.8%
U.S.
Derivatives
Products -
Equity
Options (7)
NYSE Arca
Options
Contracts 1,117 780 43.1% 24,575 17,167 43.1% 114,954 45.6%
Total
Consolidated
Options
Contracts 9,410 8,138 15.6% 207,028 179,029 15.6% 936,015 22.3%
NYSE Group
Share of
Total 11.9% 9.6% 11.9% 9.6% 12.3% 2.0%
(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 NASD/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.
