NYSE Euronext (NYX) reported strong transaction volume growth across
most of its products and exchanges compared to the same period in 2007
and year-to-date.
Cash products:
NYSE Euronext’s European cash exchanges
experienced continued growth, with average daily volume of 1.4 million
transactions1 per day, up 17% compared to
April 2007, and a total year-to-date volume increase of 39%.
Additionally, Euronext registered strong growth in ETF transactions,
with a year-to-date increase of 63% and monthly increase of 31% versus
the same period in 2007.
NYSE Euronext’s U.S. cash exchanges, the New
York Stock Exchange and NYSE Arca, reported a total volume2
increase of 24% in April, year-on-year. Total handled3
volume also increased 7% during the month of April, compared to the
same period last year. NYSE Euronext’s U.S.
exchanges experienced gains across most product categories in April
2008, including 2.4% for NYSE listed issues, 107% in NYSE Arca and
Amex listed issues, and 65% in ETFs compared to April 2007. Effective
April 1, 2008, NYSE Arca reduced its fees, delivering the most
competitive rates, including the highest rebate and the lowest “take”
fee among major U.S. equity markets. This pricing change led to a
matched market share gain of 1.2% in Nasdaq-listed issues compared to
March 2008.
Derivatives products:
NYSE Euronext’s derivatives trading
operations on Liffe experienced its busiest April ever, with a 34%
increase in total contracts traded year-to-date compared to the same
period in 2007. In April, Liffe traded more than 97 million futures
and options contracts, representing an average daily volume of 4.4
million, up 33% from the same month in 2007. BClear, Liffe’s
wholesale service for OTC trades, set a new monthly trading record,
processing over 20 million contracts in April 2008, up 85% compared to
the same month last year. Trading in Liffe’s
short-term interest rate (STIR) contracts increased by 60% on an
average daily volume basis for the month of April 2008 year-on-year.
For the year-to-date, STIR volumes were up 52% compared to the same
period in 2007.
Average daily volume on NYSE Arca Options increased 36% in April 2008,
while total volume rose by 33% compared to the same month last year.
NYSE Arca Options captured approximately 12% of the trading in all
options in April 2008, including 16.4% year-to-date of all trading in
the SEC Penny Pilot program.
Listings:
In April, NYSE Euronext’s U.S. markets added
35 new listings which included four IPOs, representing approximately
$2.7 billion raised. On April 28, NYSE-listed Anheuser-Busch opened
for trading on NYSE Euronext’s Paris market
under the ticker symbol “BUD”,
as a cross-listing on NYSE Euronext's European markets, while
continuing to trade on the NYSE, also under the symbol “BUD”.
Also during April, NYSE Euronext announced the second Chinese company
to list on its Alternext Paris market, Huacheng Real Estate (ALHUA),
which followed Alternext's first Chinese listing in March.
Listing activity of Exchange Traded Products on NYSE Euronext
exchanges was strong in April 2008. During the month, NYSE listed one
Structured Product while NYSE Arca listed 27 Exchange Traded Products,
including nine Exchange Traded Funds and 18 Exchange Traded Notes.
Additionally, Euronext listed nine new Exchange Traded Funds, bringing
the total number of Exchange Traded Products listed on all NYSE
Euronext markets to 617.
Please click
here for the Monthly Transaction Activity Data Table.
Note:
Based on fourth-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 23%
European cash trading accounts for 19%
U.S. cash trading accounts for 12%
Market data accounts for 13%
Listing accounts for 13%
Software and technology services accounts for 14%
On April 30, 2008: €1 = $1.5642
About NYSE Euronext
NYSE Euronext (NYX) operates the world’s
leading and most liquid exchange group, and seeks to provide the highest
levels of quality, customer choice and innovation. Its family of
exchanges, located in six countries, includes the New York Stock
Exchange, the world's largest cash equities market; Euronext, the
Eurozone's largest cash equities market; Liffe, Europe's leading
derivatives exchange by value of trading; and NYSE Arca Options, one of
the fastest growing U.S. options trading platforms. NYSE Euronext offers
a diverse array of financial products and services for issuers,
investors and financial institutions in cash equities, options and
derivatives, ETFs, bonds, market data, and commercial technology
solutions. NYSE Euronext's nearly 4,000 listed companies represent a
combined $27.3 / €17.3 trillion in total
global market capitalization (as of March 31, 2008), more than four
times that of any other exchange group. NYSE Euronext's equity exchanges
transact an average daily trading value of approximately $169.6 / €113.2
billion (as of March 31, 2008), which represents more than one-third of
the world's cash equities trading. NYSE Euronext is part of the S&P 500
index and the only exchange operator in the S&P 100 index. For more
information, please visit www.nyx.com.
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 référence")
filed with the French Autorité des Marchés
Financiers (Registered on June 6, 2007 under No. R.07-0089), 2007 Annual
Report on Form 10-K and other periodic reports filed with the U.S.
Securities and Exchange Commission or the French Autorité
des Marchés 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 Volume figures do not include the NYSE/FINRA
Trade Reporting Facility.
3 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
Monthly Volume Summary - Cash
Products
Average Daily Volume
Total Volume
Total Volume
(Unaudited)
Apr-08
Apr-07
% Chg
Apr-08
Apr-07
% Chg
YTD 2008
% Chg vs.
YTD 2007
Number of Trading Days - European Markets
22
19
22
19
84
Number of Trading Days - U.S. Markets
22
20
22
20
83
European Cash Products (trades in thousands)
1,370
1,168
17.2%
30,139
22,201
35.8%
133,181
38.6%
Equities
1,322
1,119
18.2%
29,086
21,257
36.8%
128,384
39.8%
Exchange-Traded Funds
6
5
30.9%
140
93
51.5%
702
63.0%
Structured Products
36
38
-5.6%
788
722
9.3%
3,613
10.7%
Bonds
6
7
-18.4%
123
131
-5.5%
482
-16.3%
U.S. Cash Products (shares in millions)
2
2,822
2,644
6.7%
62,080
52,878
17.4%
276,514
23.6%
NYSE Listed Issues 1
NYSE Group Handled Volume 2
2,114
2,064
2.4%
46,508
41,273
12.7%
206,594
20.1%
NYSE Group Matched Volume 3
1,901
1,915
-0.8%
41,813
38,305
9.2%
187,095
15.4%
NYSE Group TRF Volume 4
230
-
-
5,054
-
-
18,264
-
Total NYSE Listed Consolidated Volume
3,941
3,011
30.9%
86,693
60,211
44.0%
365,033
47.2%
NYSE Group Share of Total Consolidated Volume
Handled Volume 2
53.6%
68.5%
53.6%
68.5%
56.6%
Matched Volume 3
48.2%
63.6%
48.2%
63.6%
51.3%
TRF Volume 4
5.8%
-
5.8%
-
5.0%
NYSE Arca & Amex Listed Issues
NYSE Group Handled Volume 2
293
142
106.6%
6,452
2,839
127.3%
31,570
141.4%
NYSE Group Matched Volume 3
251
120
109.9%
5,517
2,390
130.8%
27,286
141.7%
NYSE Group TRF Volume 4
93
-
-
2,037
-
-
7,541
-
Total NYSE Arca & Amex Listed Consolidated Volume
879
394
123.4%
19,346
7,871
145.8%
90,872
169.3%
NYSE Group Share of Total Consolidated Volume
Handled Volume 2
33.4%
36.1%
33.4%
36.1%
34.7%
Matched Volume 3
28.5%
30.4%
28.5%
30.4%
30.0%
TRF Volume 4
10.5%
-
10.5%
-
8.3%
Nasdaq Listed Issues
NYSE Group Handled Volume 2
415
438
-5.4%
9,120
8,767
4.0%
38,349
-0.7%
NYSE Group Matched Volume 3
346
360
-3.7%
7,622
7,192
6.0%
31,843
0.3%
NYSE Group TRF Volume 4
194
-
-
4,259
-
-
17,167
-
Total Nasdaq Listed Consolidated Volume
1,983
2,085
-4.9%
43,619
41,696
4.6%
192,838
9.9%
NYSE Group Share of Total Consolidated Volume
Handled Volume 2
20.9%
21.0%
20.9%
21.0%
19.9%
Matched Volume 3
17.5%
17.2%
17.5%
17.2%
16.5%
TRF Volume 4
9.8%
-
9.8%
-
8.9%
Exchange-Traded Funds 1,5
NYSE Group Handled Volume 2
307
186
64.7%
6,754
3,728
81.2%
33,695
89.2%
NYSE Group Matched Volume 3
265
166
59.9%
5,836
3,319
75.9%
29,328
83.6%
NYSE Group TRF Volume 4
100
-
-
2,196
-
-
8,551
-
Total ETF Consolidated Volume
902
435
107.2%
19,850
8,708
127.9%
95,984
138.9%
NYSE Group Share of Total Consolidated Volume
Handled Volume 2
34.0%
42.8%
34.0%
42.8%
35.1%
Matched Volume 3
29.4%
38.1%
29.4%
38.1%
30.6%
TRF Volume 4
11.1%
-
11.1%
-
8.9%
NYSE Euronext
Monthly Volume Summary -
Derivatives Products
Average Daily Volume
Total Volume
Total Volume
(Unaudited; contracts in thousands)
Apr-08
Apr-07
% Chg
Apr-08
Apr-07
% Chg
YTD 2008
% Chg vs.
YTD 2007
Number of Trading Days - European Markets
22
19
22
19
84
Number of Trading Days - U.S. Markets
22
20
22
20
83
European Derivatives Products
4,441
3,350
32.6%
97,702
63,645
53.5%
379,947
34.1%
Total Interest Rate Products
2,483
1,586
56.5%
54,634
30,140
81.3%
225,923
48.8%
Short Term Interest Rate Products
2,404
1,502
60.1%
52,882
28,530
85.4%
216,988
51.7%
Medium and Long Term Interest Rate Products
80
85
-6.0%
1,752
1,610
8.8%
8,935
1.3%
Total Equity Products 6
1,912
1,708
12.0%
42,071
32,454
29.6%
148,754
16.6%
Individual Equity Products
1,371
1,166
17.5%
30,160
22,162
36.1%
92,385
17.0%
Equity Index Products
541
542
-0.1%
11,910
10,293
15.7%
56,369
16.0%
of which Bclear
941
589
59.8%
20,712
11,196
85.0%
53,647
63.3%
Individual Equity Products
847
531
59.6%
18,630
10,080
84.8%
45,352
67.5%
Equity Index Products
95
59
61.1%
2,082
1,116
86.5%
8,295
43.7%
Commodity Products
44
53
-17.0%
977
1,016
-3.9%
5,151
39.7%
Currency Products
1
2
-46.3%
21
35
-37.8%
118
-28.1%
U.S. Derivatives Products - Equity Options 7
NYSE Arca Options Contracts
1,423
1,044
36.3%
31,303
20,881
49.9%
149,977
65.9%
Total Consolidated Options Contracts
11,835
8,899
33.0%
260,372
177,989
46.3%
1,073,394
47.2%
NYSE Group Share of Total
12.0%
11.7%
12.0%
11.7%
14.0%
1.6%
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.
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