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NYSE Euronext Reports Record Transaction Volume For July 2007

Date 07/08/2007

  • Busiest Month Ever for European and U.S. Equities Trading
  • Busiest July Ever for Derivatives Trading
  • New Listings Momentum Continues on NYSE Euronext Markets

NYSE Euronext (NYSE Euronext: NYX) reported record transaction volume in U.S. and European trading operations in July 2007 in addition to impressive gains in new listings, including IPOs, closed-end funds and ETFs.

Average daily volumes of 3.1 billion[1] shares handled[2] on NYSE Group resulted in year-over-year gains of 22.8% while more than 28 million transactions[3] were recorded on Euronext cash markets in July 2007, up 87.9% year-on-year.  Liffe registered its busiest July ever, with trading up 41.1% from a year-ago. Equity options total volume on NYSE Arca Options increased more than 56% year-over-year, while average daily volume in July improved by 84% year-on-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 month ever with 28.3 million transactions completed in July 2007, up 87.9% from the same month last year.   In total, 177 million cash transactions were registered on Euronext since the beginning of the year, up 34.8% from the same period in 2006.  This represents record average daily transaction volume of 1.2 million.

  • Euronext reported 27.1 million equities transactions in July 2007, up 88.2% from the same month last year, bringing the total number of equity transactions since January 2007 to 169.4 million, up 35.1% on the same period last year.

  • Year-on-year transactions on Euronext were up 269.6% for ETFs and up 77.6% for Structured Products, which include warrants and certificates, and improved 45.0% for Bonds.

NYSE Group

  • NYSE Group’s exchanges reported a record 3.1 billion shares handled per day, up 22.8% year-over-year and 10.8% year-to-date.

  • NYSE Group’s operations in NYSE-listed securities reported 2.4 billion shares handled per day, up 29.6% from the same month last year and 14.6% year-to-date.

  • As the largest liquidity pool for ETFs in the United States, NYSE Group’s operations in ETF trading reported 327 million shares handled daily, up 70.7% from the same period last year and 38.9% year-to-date. 

  • NYSE Group achieved several significant records with respect to trading activity, volume and systems capacity for the week ended July 27, 2007.  NYSE Group markets recorded four consecutive top ten record volume days during the week, while trading volume reached a new weekly high with 19.6 billion shares traded and a new monthly record of 62.9 billion shares traded.

Derivatives Products

   Liffe

  • Liffe, NYSE Euronext's leading futures and options business,recorded its busiest July ever trading a total of 72.5 million futures and options contracts, up 41.1% from the same period last year and up 34.7% on a daily average basis.  Over 524 million contracts have been traded year-to-date, up 19.8% from the same period last year.

  • Interest rate products traded over 40 million contracts in July, up 29.5% from the same period last year.  Over 278 million contracts have been traded year-to-date, up 15.6% from the same period last year.

  • Equity products traded over 31 million contracts in July, up 61.1% from the same period last year.  More that 239 million contracts have been traded year-to-date, up 24.8% year-on-year.

  • Liffe’s pioneering Bclear service processed more than five million contracts in July and 70 million contracts since the beginning of the year–almost double the number processed in the same period of last year.

  • In July 2007, over 175,000 contracts were traded in the new early trading session in Euribor futures (01:00 - 07:00 hrs London time).  The longer trading day, which makes it easier for customers in Asia and Australia to access the market, was launched on June 25.

  • Liffe’s commodity products traded 1.1 million futures and options contracts in July. Volumes, up 25.4% year-to-date, are growing above the rate in recent years because of increased proprietary trading activity in the contracts.

NYSE Arca Options

  • NYSE Arca reported 1.25 million equity option contracts executed daily on average in July, up 84% from the same month last year, and up 6.1% from June 2007.

  • From January 1 through July 31, 2007, NYSE Arca Options achieved a 56% increase in its share of trading in SEC penny pilot issues.  Average daily volume in the penny pilot issues has increased 239% to 372 thousand contracts per day in July, up from 110 thousand contracts per day in January 2007.

  • NYSE Arca Options’ second month of trading index options produced a total volume increase of over 49 thousand contracts traded, more than a threefold increase in volume from June 2007.

Listings

NYSE Euronext

  • There were 39 new listings (IPOs, closed-end funds and transfers) and 12 new ETF listings on NYSE Euronext’s markets in July 2007.

Euronext

  • 26 IPOs listed on Euronext’s markets in July 2007, including eight new listings on Alternext, brings the total number of IPOs since the beginning of the year to a record 96, as compared to 80 during the same period in 2006, with €5.6/$7.7 billion raised in connection with new listings.  Additionally, eight new ETFs were listed on NextTrack in July.

NYSE Group

  • July produced 18 new listings on NYSE Group’s markets, including five ETFs and six operating company IPOs . These listings included two on NYSE Arca, including the platform’s first IPO by a technology company. There was also one transfer from Nasdaq, bringing the current year-to-date total to seven Nasdaq transfers.

  • During the month, six operating company IPOs raised a total of €3.06/$4.2 billion in connection with listing on the NYSE.

  • Three closed-end funds joined the NYSE in July, raising €1.41/$1.93 billion in connection with listing, for a total of €4.48/$6.15 billion in IPO proceeds during July.

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:

  • European cash trading accounts for 16%
  • U.S. cash trading accounts for 10% 
  • Market data accounts for 14%
  • Listing accounts for 13%

On July 31, 2007: €1 = $1.3707

Appendix: NYSE Euronext Markets Tables



[1]  Billion = 1,000,000,000 / Million = 1,000,000 < /FONT >

[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]  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.