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NYSE Euronext (NYX) today announced trading volumes for its global derivatives and cash equities exchanges for August 2010(*). Global derivatives average daily volume (“ADV”) increased 8.4% to 6.3 million contracts traded per day in August 2010. The increase in global derivatives ADV versus prior year levels was driven by a 30.3% increase in U.S. equity options ADV, partially offset by a 6.0% decrease in European derivatives ADV during the seasonally slower summer period. Cash equities ADV in August 2010 were down, with European and U.S. cash trading volumes decreasing 1.9% and 21.8%, respectively, compared to prior year levels.
Highlights
• NYSE Euronext global derivatives ADV in August 2010 of 6.3 million
contracts increased 8.4% compared to August 2009, but decreased 10.7% from July
2010 levels. Open interest across all global derivatives businesses at the
end of August 2010 was 89.0 million contracts, an increase of 1.8% compared to
August 2009, but a decrease of 1.2% compared to July 2010. Global
derivatives fixed income open interest of 29.5 million contracts was up 19.1%
compared to August 2009 and up 4.3% compared to July 2010.
• NYSE Euronext European derivatives products ADV in August 2010 of 3.3
million contracts decreased 6.0% compared to August 2009 and decreased 16.8%
from July 2010 levels. Total European fixed income products ADV in August
2010 of 1.6 million contracts decreased 12.2% compared to August 2009 and
decreased 17.3% from July 2010. Total equity products ADV of 1.6 million
contracts in August 2010 decreased 1.4% compared to August 2009 and decreased
16.9% from July 2010.
• NYSE Euronext U.S. equity options (NYSE Arca and NYSE Amex) ADV of 3.0
million contracts in August 2010 increased 30.3% compared to August 2009 levels,
but decreased 2.9% from July 2010. NYSE Euronext’s U.S. equity options
exchanges accounted for 25.2% of the total consolidated equity options trading
in August 2010, up from 18.2% in August 2009, but down slightly from 25.3%
recorded in July 2010.
• NYSE Euronext European cash products ADV of 1.3 million transactions in
August 2010 decreased 1.9% compared to August 2009 and decreased 9.7% from July
2010.
• NYSE Euronext U.S. cash products (NYSE, NYSE Arca and NYSE Amex)
handled ADV of 2.3 billion shares in August 2010 decreased 21.8% compared to
August 2009 and decreased 12.4% compared to July 2010. NYSE Euronext’s
Tape A matched market share in August 2010 was 38.1%, up from 33.8% in August
2009 and up from 37.6% in July 2010.
• There were a total of 22 trading days in Europe and the U.S. in August
2010 compared to 21 days in Europe and the U.S. in August 2009.
Derivatives Trading
European Derivatives
• NYSE Euronext European derivatives products ADV in August 2010 was 3.3
million futures and options contracts, a decrease of 6.0% from August 2009 and a
decrease of 16.8% from July 2010. The 3.3 million in futures and options
contracts ADV in August 2010 consisted of 2.6 million contracts executed through
our full-service LIFFE CONNECT trading platform and 0.7 million contracts, or
21.3%, executed through Bclear, NYSE Liffe's trade administration and clearing
service for OTC products.
• Year-to-date, European derivatives products ADV of 5.2 million
contracts was 26.0% above prior year levels. The 5.2 million in futures
and options contracts ADV year-to-date consisted of 3.6 million contracts
executed through the LIFFE CONNECT trading platform and 1.6 million contracts,
or 29.9%, executed through Bclear.
• Total fixed income products ADV of 1.6 million contracts in August 2010
decreased 12.2% from August 2009 and decreased 17.3% from July 2010.
Year-to-date, total fixed income products ADV of 2.5 million contracts was 24.3%
above prior year levels.
• Total equity products (including Bclear) ADV of 1.6 million contracts
in August 2010 decreased 1.4% compared to August 2009 and decreased 16.9% from
July 2010. The 1.6 million contracts in equity products ADV consisted of
1.1 million contracts in individual equity products ADV and 0.5 million
contracts in equity index products ADV. The 1.1 million contracts in
individual equity products ADV consisted of 0.6 million in equity futures
contracts, which represented a 24.2% increase compared to August 2009, and 0.5
million in equity options contracts, which represented a 14.2% decrease compared
to August 2009. The average rate per contract for individual equity
futures contracts is significantly lower than other products traded on NYSE
Liffe. Year-to-date, total equity products ADV of 2.7 million contracts
was 27.5% above prior year levels.
• Total commodities products ADV of 82,000 contracts in August 2010
increased 91.8% compared to August 2009 and decreased 3.0% from July 2010.
Year-to-date, total commodities product ADV of 61,000 contracts was 32.3% above
prior year levels.
U.S. Derivatives
• NYSE Euronext U.S. equity options (NYSE Arca and NYSE Amex) ADV of 3.0
million contracts in August 2010 increased 30.3% compared to August 2009, but
decreased 2.9% compared to July 2010. Year-to-date, U.S. equity options
ADV of 3.7 million contracts was 51.7% above prior year levels.
• Total U.S. consolidated equity options ADV decreased 6.2% to 11.9
million contracts in August 2010 compared to August 2009 and decreased 2.6%
compared to July 2010. Year-to-date, U.S. consolidated equity options ADV
of 14.1 million contracts was 4.9% above prior year levels.
• NYSE Euronext’s U.S. options exchanges accounted for 25.2% of the
total U.S. consolidated equity options trading in August 2010, up from 18.2% in
August 2009, but down from 25.3% in July 2010.
• NYSE Euronext U.S. futures and futures options (NYSE Liffe U.S.) ADV in
August 2010 was approximately 9,600 contracts, compared to approximately 12,200
contracts in August 2009 and 11,800 contracts in July 2010. Year-to-date
U.S. futures and futures options ADV was 17,300 contracts.
Cash Trading
European Cash
• NYSE Euronext European cash products ADV of 1.3 million transactions in
August 2010 decreased 1.9% compared to August 2009 and decreased 9.7% compared
to July 2010.
• Year-to-date, European cash products ADV of 1.5 million transactions
was 9.1% above prior year levels.
U.S. Cash
• NYSE Euronext U.S. cash products handled ADV of 2.3 billion shares in
August 2010 decreased 21.8% compared to August 2009 and decreased 12.4% compared
to July 2010. Year-to-date, U.S. cash products handled ADV was 2.8 billion
shares, down 22.6% from prior year levels.
• NYSE Euronext’s Tape A matched market share in August 2010 was 38.1%,
up from 33.8% in August 2009 and up from 37.6% in July 2010.
• Designated Market Maker participation in August 2010 was 9.8%, compared
to 9.6% in July 2010. Supplemental Liquidity Provider participation in
August 2010 was 12.2%, compared to 13.1% in July 2010. DMM participation
pertains only to trading on NYSE.
Exchange Traded Products
• NYSE Euronext U.S. matched exchange-traded products ADV (included in
volumes for Tape B and Tape C) of 302 million shares in August 2010 decreased
9.2% compared to August 2009 and decreased 10.4% compared to July 2010.
Year-to-date, NYSE Euronext U.S. matched exchange-traded products ADV of 358
million shares was 29.6% below prior year levels.
Appendix: the
Monthly Transaction Activity Data
Table.
(*) All NYSE Euronext derivatives transactions count buy and sell orders
together as a single transaction. NYSE Euronext European equities
transactions count each buy and sell order as separate transactions, NYSE
Euronext U.S. equities transactions count buy and sell orders together as a
single transaction.
