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- Busiest September Ever for European Cash: Vol. Up 58.8% y-o-y
- NYSE Group: ETF Avg. Daily Vol. Up 49.2% y-o-y, Total ETF Vol., Up 56.6% y-t-d
- ecord September for European Derivatives: Vol. Up 46.1% y-o-y
- NYSE Arca Options: Avg. Daily Vol. Up 61.4% y-o-y, Total Vol. Up 61.3%y-t-d
NYSE Euronext (NYSE Euronext: NYX) reported strong transaction volume in U.S. and European trading operations for September 2007, complemented by excellent listings activity and robust market quality.
Average daily volumes of 2.5 billion shares handled(1) on NYSE Group in September 2007 resulted in year-over-year gains of 4.1% while 1.3 million average daily transactions(2) were recorded on Euronext cash markets during the month, up 66.8% year-over-year. Liffe registered its busiest September ever, with trading up 46.1% from a year-ago. Total volume for equity options trading on NYSE Arca Options increased 53.3% year-over-year, while average daily volume in Sept. improved by 61.4% year-over-year.
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 September
ever with 25.6 million transactions completed in September
2007, up 58.8% from the same month last year, representing an
average daily volume of 1.3 million transactions, up 66.8%
compared to September 2006. Since the beginning of the year,
almost 236 million cash transactions were registered on
Euronext compared to 163 million during the same period a year
ago.
-- Euronext reported 24.6 million equities transactions in
September 2007, up 68.2% year-on-year on an average daily
basis. This brought the year-to-date total number of
transactions to 226 million, up 45.0% versus the same period
last year.
-- Year-on-year transactions on Euronext were up 146.2% for ETFs
and up 31.3% for Structured Products, which includes warrants
and certificates.
NYSE Group
-- NYSE Group's exchanges reported 2.5 billion shares handled per
day in September, up 4.1% year-over-year. Average daily
handled volume in 2007 was up 15.8% since the beginning of the
year.
-- NYSE Group's operations in NYSE-listed securities reported 2.0
billion shares handled per day, up 9.3% from the same month
last year with total volume in 2007 up 19.3% year-to-date.
-- NYSE Group's operations in ETF trading reported 264 million
shares handled daily, up 49.2% from the same period last year
with total volume in 2007 up 56.6% year-to-date.
-- In September, the New York Stock Exchange (NYSE) and NYSE
Arca, Inc. (NYSE Arca) announced new strategic pricing for
equities transactions for customers, effective Oct. 1.
Developed to offer attractive rates to all customers using
NYSE Group exchanges, this new pricing schedule has no volume
tiers, and offers the highest rebate and the lowest take fees
among major U.S. exchanges.
-- On September 21, the New York Stock Exchange processed new
30-minute and 60-minute trading volume records for the first
hour of trading with 704 million shares traded during the
first half-hour and 805 million shares traded in the first
hour.
Derivatives Products
Liffe
-- Liffe, NYSE Euronext's leading futures and options business,
recorded its busiest September ever, trading a total of 95.7
million futures and options contracts, up 46.1% from September
last year. Over 724 million contracts have been traded
year-to-date, up 28.7% from the same period last year.
-- Interest rate products traded almost 54 million contracts in
September, up 39.1% from the same month last year. Of this,
51.7 million contracts were in short-term interest rate (STIR)
products, where Liffe's Short Sterling Futures and Options
both registered all-time record volumes. Over 398 million
interest rate contracts have been traded year-to-date, up
26.0% from the same period last year.
-- Equity products traded 40.8 million contracts in September, up
57.6% from the same month last year. More than 316 million
equity contracts have been traded year-to-date, up 32.3%
year-on-year.
-- Liffe's commodity products traded 1.1 million futures and
options contracts in September, up 37.5% from September last
year. Volumes are up 26.7% year-to-date.
NYSE Arca Options
-- NYSE Arca reported 1.2 million equity options contracts
executed daily on average in September, up 61.4% from the same
month last year. Over 220 thousand equity options contracts
have executed since the beginning of the year, up 61.3%
year-to-date.
-- From January 1 through September 30, 2007, NYSE Arca Options
achieved a 90% increase in its share of trading in SEC penny
pilot issues.
-- NYSE Arca's average daily volume in the penny pilot issues has
increased 165% to 293 thousand contracts per day in September,
up from 110 thousand contracts per day in January 2007.
Listings
Euronext
-- Six IPOs were added on Euronext's markets in September 2007,
bringing the total number of IPOs since the beginning of the
year to a record 107, as compared to 88 during the same period
in 2006, with EUR 5.9/$8.4 billion raised in connection with
new listings.
-- Additionally, four new ETFs were listed on NextTrack in
September, bringing the total number of new ETF listings since
the beginning of the year to 57.
NYSE Group
-- September produced 17 new listings on NYSE Group markets,
including 5 operating companies, 5 Closed-End Fund listings
and 7 ETFs.
-- There were 7 IPOs in September, including 2 U.S. domestic
operating companies and 5 Closed-End Funds. The other new
listings were 2 non-US companies, including 1 non-US IPO, and
1 spin-off.
-- The 2 U.S. domestic operating companies that conducted IPOs on
NYSE Group markets raised a total of EUR 226.3/$321.8 million
in IPO proceeds, and 1 non-US company raised EUR 302.4/$430
million in proceeds in connection with listing. 5 closed-end
funds joined the NYSE in September, raising EUR 615.7/$875.5
million in proceeds, in connection with listing. A total of
EUR 1.1/$1.6 billion in total IPO proceeds, including funds,
were raised on NYSE Group markets during September.
Note:
Based on second-quarter 2007 non-GAAP combined 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 21%
-- European cash trading accounts for 16%
-- U.S. cash trading accounts for 10%
-- Market data accounts for 14%
-- Listing accounts for 13%
On Sept. 28, 2007: EUR 1 = $1.4219
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 $30.8 trillion/EUR 22.8 trillion total market capitalization of listed companies and average daily trading value of approximately $127.0 billion/EUR 94.0 billion (as of June 29, 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.
(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 Total Volume
-------------------- -------------------- --------------
% Chg
vs.
YTD YTD
(Unaudited) Sep-07 Sep-06 % Chg Sep-07 Sep-06 % Chg 2007 2006
------ ------ ------ ------ ------ ------ ------- ------
Number of
Trading Days
- European
Markets 20 21 20 21 191
Number of
Trading Days
- U.S.
Markets 19 20 19 20 187
European Cash
Products
(trades in
thousands) 1,280 767 66.8% 25,597 16,115 58.8% 235,890 44.5%
Equities 1,231 732 68.2% 24,628 15,378 60.1% 225,932 45.0%
Exchange-
Traded Funds 6 2 158.6% 118 48 146.2% 1,090 121.3%
Structured
Products 37 27 37.8% 743 566 31.3% 7,613 32.3%
Bonds 5 6 -7.9% 108 123 -12.2% 1,255 1.7%
U.S. Cash
Products
(shares in
millions)
NYSE Listed
Issues (1)
NYSE Group
Handled
Volume (2) 2,006 1,837 9.3% 38,123 36,732 3.8% 419,216 19.3%
NYSE Group
Matched
Volume (3) 1,808 1,787 1.2% 34,354 35,746 -3.9% 390,245 13.4%
NYSE Group
TRF Volume
(4) 148 - - 2,804 - - 6,753 -
Total NYSE
Listed
Consolidated
Volume 3,224 2,578 25.1% 61,260 51,564 18.8% 621,506 33.0%
NYSE Group
Share of
Total
Consolidated
Volume
Handled
Volume (2) 62.2% 71.2% 62.2% 71.2% 67.5%
Matched
Volume (3) 56.1% 69.3% 56.1% 69.3% 62.8%
TRF Volume
(4) 4.6% - 4.6% - 1.1%
NYSE Arca &
Amex Listed
Issues
NYSE Group
Handled
Volume (2) 200 132 51.7% 3,794 2,633 44.1% 37,986 58.8%
NYSE Group
Matched
Volume (3) 170 114 49.0% 3,221 2,275 41.6% 32,821 58.3%
NYSE Group
TRF Volume
(4) 34 - - 644 - - 2,684 -
Total NYSE
Arca & Amex
Listed
Consolidated
Volume 572 342 67.2% 10,865 6,842 58.8% 100,152 47.5%
NYSE Group
Share of
Total
Consolidated
Volume
Handled
Volume (2) 34.9% 38.5% 34.9% 38.5% 37.9%
Matched
Volume (3) 29.6% 33.3% 29.6% 33.3% 32.8%
TRF Volume
(4) 5.9% - 5.9% - 2.7%
Nasdaq Listed
Issues
NYSE Group
Handled
Volume (2) 339 476 -28.9% 6,438 9,527 -32.4% 83,601 -11.1%
NYSE Group
Matched
Volume (3) 271 386 -30.0% 5,142 7,730 -33.5% 68,259 -11.1%
NYSE Group
TRF Volume
(4) 140 - - 2,666 - - 15,834 -
Total Nasdaq
Listed
Consolidated
Volume 1,925 1,975 -2.5% 36,574 39,492 -7.4% 406,186 5.9%
NYSE Group
Share of
Total
Consolidated
Volume
Handled
Volume (2) 17.6% 24.1% 17.6% 24.1% 20.6%
Matched
Volume (3) 14.1% 19.6% 14.1% 19.6% 16.8%
TRF Volume
(4) 7.3% - 7.3% - 3.9%
Exchange-
Traded Funds
(1,5)
NYSE Group
Handled
Volume (2) 264 177 49.2% 5,018 3,539 41.8% 51,066 56.6%
NYSE Group
Matched
Volume (3) 233 157 48.0% 4,426 3,147 40.6% 45,582 55.6%
NYSE Group
TRF Volume
(4) 46 - - 879 - - 3,873 -
Total ETF
Consolidated
Volume 689 403 71.1% 13,096 8,057 62.5% 120,485 59.0%
NYSE Group
Share of
Total
Consolidated
Volume
Handled
Volume (2) 38.3% 43.9% 38.3% 43.9% 42.4%
Matched
Volume (3) 33.8% 39.1% 33.8% 39.1% 37.8%
TRF Volume
(4) 6.7% - 6.7% - 3.2%
NYSE Euronext
----------------------------------------------------------------------
Monthly Volume Summary - Derivatives Products
----------------------------------------------------------------------
Average Daily Volume Total Volume
-------------------- ----------------------
(Unaudited; contracts in
thousands) Sep-07 Sep-06 % Chg Sep-07 Sep-06 % Chg
------ ------ ------ ------- ------- ------
Number of Trading Days -
European Markets 20 21 20 21
Number of Trading Days -
U.S. Markets 19 20 19 20
European Derivatives
Products 4,787 3,120 53.4% 95,739 65,515 46.1%
Total Interest Rate
Products 2,690 1,841 46.1% 53,793 38,671 39.1%
Short Term Interest Rate
Products 2,585 1,755 47.3% 51,706 36,850 40.3%
Medium and Long Term
Interest Rate Products 104 87 20.4% 2,087 1,821 14.6%
Total Equity Products (6) 2,040 1,233 65.4% 40,796 25,894 57.6%
Individual Equity
Products 1,365 693 96.9% 27,302 14,560 87.5%
Equity Index Products 675 540 25.0% 13,495 11,334 19.1%
of which Bclear 731 229 218.6% 14,619 4,818 203.4%
Individual Equity
Products 618 153 304.7% 12,358 3,206 285.5%
Equity Index Products 113 77 47.3% 2,261 1,612 40.2%
Commodity Products 56 39 44.4% 1,121 815 37.5%
Currency Products 1 6 -77.6% 29 136 -78.6%
U.S. Derivatives Products
- Equity Options (7)
NYSE Arca Options
Contracts 1,211 750 61.4% 23,010 15,009 53.3%
Total Consolidated
Options Contracts 9,622 7,215 33.4% 182,814 144,299 26.7%
NYSE Group Share of
Total 12.6% 10.4% 12.6% 10.4%
Total Volume
---------------------
% Chg vs.
(Unaudited; contracts in thousands) YTD 2007 YTD 2006
---------- ----------
Number of Trading Days - European Markets 191
Number of Trading Days - U.S. Markets 187
European Derivatives Products 724,428 28.7%
Total Interest Rate Products 398,665 26.0%
Short Term Interest Rate Products 376,768 25.9%
Medium and Long Term Interest Rate Products 21,898 28.0%
Total Equity Products (6) 316,092 32.3%
Individual Equity Products 199,464 36.1%
Equity Index Products 116,627 26.3%
of which Bclear 89,780 111.0%
Individual Equity Products 75,360 135.9%
Equity Index Products 14,420 36.1%
Commodity Products 9,315 26.7%
Currency Products 355 -11.9%
U.S. Derivatives Products - Equity Options (7)
NYSE Arca Options Contracts 220,457 61.3%
Total Consolidated Options Contracts 1,822,393 35.4%
NYSE Group Share of Total 12.1% 1.9%
(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.
