NYSE Euronext (NYX) reported record transaction volumes in U.S. and European trading operations for 2007 with impressive gains in overall volume in all categories in December and full-year 2007.
Euronext's cash markets registered their third consecutive record year, with 323 million transactions(1), up 47% on 2006. With a record average daily volume (ADV) of 2.6 billion shares handled(2) on NYSE Group exchanges in 2007, NYSE Euronext's U.S. cash equities exchanges reported an overall volume increase of 16% for the full year 2007. Liffe traded a record 949 million futures and options contracts in 2007, up 30% on 2006. Total volume for equity options trading on NYSE Arca Options reached record levels trading 336 million contracts in 2007, an increase of 71% compared to 2006.
"As the world leader in trading a range of investment products, NYSE Euronext's volume growth in Europe and the U.S. clearly demonstrates our strong value proposition to investors and issuers," said NYSE Euronext CEO, Duncan Niederauer. "In 2008, we will continue to innovate and lead the global marketplace as we further integrate our business and introduce new products and services to better serve our customers."
On April 4, 2007, NYSE Group, Inc. and Euronext N.V. merged to create NYSE Euronext, the world's first truly global marketplace. Operating six cash equities and six derivatives exchanges, NYX is the world's leading and most diversified global exchange group.
Cash Products
Euronext
-- NYSE Euronext's European cash markets registered their third
consecutive record year, with 323 million transactions
completed in 2007, up 47% on 2006, representing a record
average daily volume of 1.2 million transactions.
-- In 2007, Euronext remained the leading European exchange by
number and value of transactions in equities traded on an
electronic order book.
-- A record total 309 million equity transactions were completed
on Euronext in 2007, up 47.6% versus 2006, representing a
turnover of $4,960/EUR 3,428 billion, up 40.2% year-on-year.
-- 22.7 million cash transactions and 21.9 million equity
transactions were completed on Euronext in December 2007, up
30.4% and 30.7% from the same month in 2006.
-- In 2007, transactions on Euronext were up 126.2% for ETFs and
up 34.1% for structured products, including warrants and
certificates.
NYSE Group
-- NYSE Euronext's U.S. cash equities exchanges, NYSE and NYSE
Arca, reported 2.6 billion shares handled per day in December,
up 12.7% year-over-year. Total volume in 2007 was up 15.7%
compared to 2006.
-- NYSE Euronext's U.S. equities operations reported 2.0 billion
shares handled per day in NYSE-listed securities for December,
up 14.2% from the same month in 2006. Total volume handled in
2007 was up 19.2% year-over-year, making 2007 volume a new
record for NYSE-listed issues with 559 billion shares traded.
-- NYSE Group's operations in ETF trading reported 268 million
shares handled daily in December 2007, up 70.6% from the same
period in 2006 with total handled volume in 2007 up 64.8%. In
December, NYSE Group successfully completed the transfer of
all NYSE listed ETF and ETN products to NYSE Arca. As the
first electronic stock exchange to offer investors the
benefits and stability of a dedicated liquidity provider in
the form of a Lead Market Maker for each primary listed ETF,
NYSE Arca sets the National Best Bid and Offer (NBBO) 85% of
the time.
-- NYSE Euronext's U.S. equities exchanges, the NYSE and NYSE
Arca, experienced record volumes in 2007 with more shares
traded than any other exchange, registering seven of the top
10 new daily volume records, including the highest ever of 5.8
billion shares traded on Aug. 16, and the highest volume
month, quarter and year in history.
Derivatives Products
Liffe
-- Liffe, NYSE Euronext's leading futures and options business,
traded a record 949 million futures and options contracts in
2007, up 29.9% on 2006. Equity products grew by 35.9%,
Interest Rate products by 25.6%, and Commodity products by
29.8%.
-- Liffe's pioneering wholesale service Bclear processed more
contracts in December than in any previous month. In the full
year Bclear processed a record 123 million equity derivatives
contracts, up 132.5% on 2006. Universal Stock Futures (USFs)
traded a record 75 million contracts, up 155% on 2006. This
ensured that Liffe ended 2007 as Europe's leading exchange for
Single Stock Futures, trading more, and offering a wider
range, than any other European exchange.
-- Total Interest Rate products traded a record 518 million
contracts during the year, up 25.6% on 2006. Within the
product set, options performed most strongly, and finished the
year up 46% on 2006.
-- Commodity products saw their busiest year ever, trading 12.8
million contracts. The strongest performers were Robusta
Coffee futures (up 25% on 2006), White Sugar futures (up 25%)
and Cocoa (up 7%).
-- During December 2007 Liffe traded 67.1 million futures and
options contracts, up 29.6% on the same month in 2006.
NYSE Arca Options
-- NYSE Arca reported 1.8 million equity options contracts
executed daily on average in December, up 56.9% from the same
month in 2006.
-- In 2007, NYSE Arca Options traded 1.3 million contracts daily,
a 70.7% increase from 2006.
-- With 35.6 million total contracts traded in December, a 56.9%
increase from the same period in 2006, NYSE Arca Options also
achieved a new record in overall share of trading, capturing
16.3% of all equity options contracts traded.
-- In December, 16.8 million contracts were traded on NYSE Arca
Options in the recently-expanded SEC options penny pilot, with
11.6 million, or 69% traded electronically. Share of trading
in the 35 penny pilot issues also set a record in December at
18.1% of industry volumes, ranking NYSE Arca third among all
U.S. options exchanges for the month.
Listings
NYSE Euronext
-- In 2007, NYSE Euronext's U.S. and European equities markets
attracted more initial public offering (IPO) proceeds than any
other exchange group in the world.
-- IPOs on NYSE Euronext markets raised a total of $78/EUR 54
billion in proceeds, including closed-end funds. Excluding
closed-end funds, IPOs on NYSE Euronext markets raised a total
of $48/EUR 33 billion, also more than any other exchange.
-- In 2007, NYSE Euronext added a total of 429 new listings,
including 140 on NYSE Euronext's European markets. Among the
world's largest IPOs to have listed on NYSE Euronext markets
in 2007 were Blackstone Group (NYSE: BX), MF Global Ltd.
(NYSE: MF), Sterlite Industries (India) Ltd. (NYSE: SLT), and
Nyrstar (Euronext Brussels).
Euronext
-- 140 companies made their market debut on NYSE Euronext's
European markets in 2007, with $14.0/EUR 9.7 billion raised in
connection with new listings and $304.8/EUR 210.7 billion of
additional market capitalization.
-- Listings on NYSE Euronext's Alternext market surpassed the 100
company mark in 2007, confirming the market's role as a
destination for small and mid-size companies. In total, 119
companies are listed on Alternext, and these companies have
raised a total of $2.3/EUR 1.6 billion (including funds raised
on the secondary market) and their total market capitalization
is $7.7/EUR 5.3 billion.
-- 15 IPOs were added on Euronext's markets in December 2007,
including 7 on Alternext.
-- NextTrack, the Euronext market segment dedicated to ETFs,
exceeded the 200 fund mark this year. Today, 228 ETFs are
listed on Euronext, representing 185 indices. This segment has
seen exceptional growth since the beginning of the year with a
doubling of its business activity and nearly $506/EUR 350
million handled daily on these products.
NYSE Group
-- In 2007, NYSE Euronext's U.S. exchanges added 289 new
listings, with IPOs by operating companies raising a total of
$61.4/EUR 42.4 billion in connection with listing, including
funds, non-US companies, and NYSE Arca.
-- 44 IPOs by U.S. domestic operating companies on NYSE Group
markets raised a total of $19.9/EUR 13.8 billion in proceeds
(excluding funds). The 33 IPOs by non-U.S. companies raised a
total of $13.6/EUR 9.4 billion on NYSE Group markets.
-- The NYSE had a strong year attracting technology sector IPOs,
which raised a total of $5.4 billion on NYSE Group markets,
more than technology sector IPO proceeds on Nasdaq. Listings
and IPO activity by non-US companies was its strongest since
2002, with 42 new listings, including 20 from China.
-- Including 10 transfers from Nasdaq, 30 total transfers joined
NYSE Group from other markets in 2007.
-- NYSE Arca, NYSE Euronext's fully electronic market for
emerging issuers, attracted a total of 128 exclusive listings
in 2007, including Exchange Traded Funds and Exchange Traded
Notes.
-- NYSE Euronext's U.S. ETF trading operations continue to be the
leader in exchange traded funds with a record 100 IPOs in 2007
and 56% of the total assets under management listed on the
exchange.
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 Dec. 31, 2007: EUR 1 = $1.4468
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. NYSE Euronext is part of the S&P 500 and S&P 100 indexes.
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) 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.
NYSE Euronext
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Monthly Volume Summary - Cash Products
----------------------------------------------------------------------
Average Daily Volume
--------------------
(Unaudited) Dec-07 Dec-06 % Chg
------ ------ ------
Number of Trading Days - European Markets 19 19 -
Number of Trading Days - U.S. Markets 20 20
European Cash Products (trades in thousands) 1,196 917 30.4%
Equities 1,150 880 30.7%
Exchange-Traded Funds 6 3 68.4%
Structured Products 34 26 28.4%
Bonds 6 7 -14.3%
U.S. Cash Products (shares in millions)(2) 2,576 2,285 12.7%
NYSE Listed Issues (1)
NYSE Group Handled Volume (2) 1,980 1,733 14.2%
NYSE Group Matched Volume (3) 1,784 1,688 5.7%
NYSE Group TRF Volume (4) 121 - -
Total NYSE Listed Consolidated Volume 3,284 2,509 30.9%
NYSE Group Share of Total Consolidated Volume
Handled Volume (2) 60.3% 69.1%
Matched Volume (3) 54.3% 67.3%
TRF Volume (4) 3.7% -
NYSE Arca & Amex Listed Issues
NYSE Group Handled Volume (2) 246 118 108.5%
NYSE Group Matched Volume (3) 209 105 98.7%
NYSE Group TRF Volume (4) 44 - -
Total NYSE Arca & Amex Listed Consolidated
Volume 714 318 124.7%
NYSE Group Share of Total Consolidated Volume
Handled Volume (2) 34.5% 37.2%
Matched Volume (3) 29.3% 33.1%
TRF Volume (4) 6.2% -
Nasdaq Listed Issues
NYSE Group Handled Volume (2) 350 434 -19.4%
NYSE Group Matched Volume (3) 280 361 -22.4%
NYSE Group TRF Volume (4) 97 - -
Total Nasdaq Listed Consolidated Volume 1,897 1,857 2.2%
NYSE Group Share of Total Consolidated Volume
Handled Volume (2) 18.4% 23.4%
Matched Volume (3) 14.8% 19.5%
TRF Volume (4) 5.1% -
Exchange-Traded Funds (1,5)
NYSE Group Handled Volume (2) 268 157 70.6%
NYSE Group Matched Volume (3) 231 144 60.1%
NYSE Group TRF Volume (4) 53 - -
Total ETF Consolidated Volume 743 353 110.3%
NYSE Group Share of Total Consolidated Volume
Handled Volume (2) 36.0% 44.4%
Matched Volume (3) 31.1% 40.9%
TRF Volume (4) 7.1% -
Total Volume Total Volume
-------------------- ---------------
(Unaudited) % Chg
vs.
YTD
Dec-07 Dec-06 % Chg YTD 2007 2006
------ ------ ------ -------- ------
Number of Trading Days -
European Markets 19 19 - 255
Number of Trading Days - U.S.
Markets 20 20 251
European Cash Products (trades
in thousands) 22,715 17,418 30.4% 322,574 47.0%
Equities 21,854 16,724 30.7% 309,141 47.6%
Exchange-Traded Funds 110 65 68.4% 1,562 126.2%
Structured Products 639 498 28.4% 10,236 34.1%
Bonds 112 131 -14.3% 1,635 -1.5%
U.S. Cash Products (shares in
millions)(2) 51,528 45,707 12.7% 722,938 15.7%
NYSE Listed Issues (1)
NYSE Group Handled Volume (2) 39,606 34,669 14.2% 558,765 19.2%
NYSE Group Matched Volume (3) 35,684 33,754 5.7% 516,069 12.6%
NYSE Group TRF Volume (4) 2,426 - - 15,993 -
Total NYSE Listed Consolidated
Volume 65,679 50,188 30.9% 853,161 34.3%
NYSE Group Share of Total
Consolidated Volume
Handled Volume (2) 60.3% 69.1% 65.5%
Matched Volume (3) 54.3% 67.3% 60.5%
TRF Volume (4) 3.7% - 1.9%
NYSE Arca & Amex Listed Issues
NYSE Group Handled Volume (2) 4,926 2,363 108.5% 53,732 68.4%
NYSE Group Matched Volume (3) 4,182 2,105 98.7% 46,162 66.0%
NYSE Group TRF Volume (4) 889 - - 5,715 -
Total NYSE Arca & Amex Listed
Consolidated Volume 14,286 6,357 124.7% 147,166 65.5%
NYSE Group Share of Total
Consolidated Volume
Handled Volume (2) 34.5% 37.2% 36.5%
Matched Volume (3) 29.3% 33.1% 31.4%
TRF Volume (4) 6.2% - 3.9%
Nasdaq Listed Issues
NYSE Group Handled Volume (2) 6,996 8,676 -19.4% 110,440 -11.4%
NYSE Group Matched Volume (3) 5,609 7,226 -22.4% 89,844 -11.8%
NYSE Group TRF Volume (4) 1,948 - - 24,905 -
Total Nasdaq Listed
Consolidated Volume 37,947 37,142 2.2% 545,786 7.8%
NYSE Group Share of Total
Consolidated Volume
Handled Volume (2) 18.4% 23.4% 20.2%
Matched Volume (3) 14.8% 19.5% 16.5%
TRF Volume (4) 5.1% - 4.6%
Exchange-Traded Funds (1,5)
NYSE Group Handled Volume (2) 5,351 3,137 70.6% 71,410 64.8%
NYSE Group Matched Volume (3) 4,626 2,890 60.1% 63,359 62.0%
NYSE Group TRF Volume (4) 1,057 - - 7,921 -
Total ETF Consolidated Volume 14,867 7,069 110.3% 176,735 76.6%
NYSE Group Share of Total
Consolidated Volume
Handled Volume (2) 36.0% 44.4% 40.4%
Matched Volume (3) 31.1% 40.9% 35.8%
TRF Volume (4) 7.1% - 4.5%
NYSE Euronext
----------------------------------------------------------------------
Monthly Volume Summary - Derivatives Products
----------------------------------------------------------------------
Average Daily
Volume
-------------------
(Unaudited; contracts in thousands) Dec-
Dec-07 06 % Chg
------ ----- ------
Number of Trading Days - European Markets 19 19
Number of Trading Days - U.S. Markets 20 20
European Derivatives Products 3,533 2,725 29.6%
Total Interest Rate Products 1,634 1,450 12.7%
Short Term Interest Rate Products 1,551 1,364 13.7%
Medium and Long Term Interest Rate Products 82 85 -3.7%
Total Equity Products (6) 1,838 1,229 49.6%
Individual Equity Products 1,233 706 74.6%
Equity Index Products 605 522 15.8%
of which Bclear 896 256 250.5%
Individual Equity Products 793 185 329.2%
Equity Index Products 102 71 44.6%
Commodity Products 60 45 34.4%
Currency Products 2 2 -29.3%
U.S. Derivatives Products - Equity Options (7)
NYSE Arca Options Contracts 1,780 1,135 56.9%
Total Consolidated Options Contracts 10,929 7,758 40.9%
NYSE Group Share of Total 16.3% 14.6%
Total Volume Total Volume
---------------------- -------------------
(Unaudited; contracts in % Chg vs.
thousands) Dec-07 Dec-06 % Chg YTD 2007 YTD 2006
------- ------- ------ --------- ---------
Number of Trading Days -
European Markets 19 19 255
Number of Trading Days -
U.S. Markets 20 20 251
European Derivatives
Products 67,133 51,782 29.6% 949,022 29.9%
Total Interest Rate
Products 31,042 27,545 12.7% 517,933 25.6%
Short Term Interest Rate
Products 29,478 25,921 13.7% 489,138 25.7%
Medium and Long Term
Interest Rate Products 1,564 1,624 -3.7% 28,795 23.9%
Total Equity Products (6) 34,923 23,348 49.6% 417,807 35.9%
Individual Equity Products 23,432 13,422 74.6% 261,419 41.3%
Equity Index Products 11,492 9,926 15.8% 156,388 27.8%
of which Bclear 17,019 4,856 250.5% 122,776 132.5%
Individual Equity
Products 15,076 3,512 329.2% 100,653 161.3%
Equity Index Products 1,943 1,343 44.6% 22,123 55.0%
Commodity Products 1,137 846 34.4% 12,784 29.8%
Currency Products 30 43 -29.3% 498 -32.8%
U.S. Derivatives Products -
Equity Options (7)
NYSE Arca Options
Contracts 35,604 22,696 56.9% 335,542 70.7%
Total Consolidated
Options Contracts 218,581 155,157 40.9% 2,592,102 40.6%
NYSE Group Share of Total 16.3% 14.6% 12.9% 2.2%
(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.
