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Euronext N.V.

Regulatory Filings Nov 13, 2012

3839_iss_2012-11-13_259d46dc-f0eb-459f-aa30-47edb09c7371.pdf

Regulatory Filings

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NYSE Euronext Announces Trading Volumes for October 2012

October 2012 Volumes Impacted by Market Closure in U.S.; Continued Low Level of Volatility #1 U.S. Equity Options Platform with Record 29% Market Share; NYSE Amex Record of 18%

November 13, 2012 – NYSE Euronext (NYX) today announced trading volumes for its global derivatives and cash equities exchanges for October 20121 . The industry decision to close the U.S. markets for two trading days due to Hurricane Sandy resulted in a 9% decrease in the number of trading days in October 2012 for NYSE Euronext's U.S. cash equity and equity options markets. The closure of these markets also impacted trading on NYSE Euronext's European derivatives and European cash trading venues, which remained open. European derivatives and European cash average daily trading volumes declined 44% and 41%, respectively, during the closure of the U.S. markets with some residual impact after the markets reopened. October 2011 trading volumes benefited from higher levels of market volatility driven by the sovereign debt crisis in Europe and the debt ceiling issue in the U.S.

Highlights

  • NYSE Euronext global derivatives ADV in October 2012 of 7.2 million contracts decreased 11.8% compared to October 2011 and decreased 5.7% from September 2012 levels.
  • NYSE Euronext European derivatives products ADV in October 2012 of 3.1 million contracts decreased 8.0% compared to October 2011 and decreased 9.1% from September 2012.
  • NYSE Euronext U.S. equity options ADV of 4.0 million contracts in October 2012 decreased 13.7% compared to October 2011 level and decreased 2.0% from September 2012. NYSE Euronext's U.S. options exchanges accounted for 28.5% of total U.S. consolidated equity options trading in October 2012, a new market share record high, up from 27.3% in October 2011 and up from 26.0% in September 2012. NYSE Amex equity options registered record market share of 17.6%, up from 15.6% in October 2011 and up from 14.6% in September 2012.
  • NYSE Liffe U.S. ADV of approximately 43,700 contracts decreased 54.3% from 95,600 contracts in October 2011, and decreased 47.8% from 83,700 contracts in September 2012.

1 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.

  • NYSE Euronext European cash products ADV of 1.3 million transactions in October 2012 decreased 26.6% compared to October 2011 and decreased 10.3% from September 2012 levels.
  • NYSE Euronext U.S. cash products handled ADV of 1.5 billion shares in October 2012 decreased 38.5% compared to October 2011 and decreased 8.0% compared to September 2012. NYSE Euronext's Tape A matched market share in October 2012 was 30.6%, down from 33.9% in October 2011 and down from 31.1% in September 2012.

Derivatives Trading

European Derivatives

  • NYSE Euronext European derivatives products ADV in October 2012 of 3.1 million contracts decreased 8.0% compared to October 2011 and decreased 9.1% from September 2012 levels.
  • The 3.1 million in European derivatives futures and options contracts ADV in October 2012 consisted of 2.3 million contracts executed through our full‐service LIFFE CONNECT trading platform and 0.8 million contracts, or 26.8%, executed through Bclear, NYSE Liffe's trade administration and clearing service for OTC products.
  • Year‐to‐date, European derivatives products ADV of 3.7 million contracts was 19.7% below prior year levels. The 3.7 million in futures and options contracts ADV year‐to‐ date consisted of 2.7 million contracts executed through LIFFE CONNECT trading platform and 1.1 million contracts, or 28.3%, executed through Bclear.
  • Total fixed income products ADV of 1.5 million contracts in October 2012 decreased 19.9% from October 2011 and decreased 23.8% from September 2012. Year‐to‐date, total fixed income products ADV of 1.8 million contracts was 24.0% below prior year levels.
  • Total equity products (including Bclear) ADV of 1.5 million contracts in October 2012 increased 5.4% compared to October 2011, and increased 10.9% from September 2012. The 1.5 million contracts in equity products ADV in October 2012 consisted of 1.1 million contracts in individual equity products ADV and 0.4 million contracts in equity index products ADV. The 1.1 million contracts in individual equity products ADV consisted of 0.7 million in futures contracts, which represented a 98.5% increase compared to October 2011 and 0.4 million in options contracts, which represented a 27.6% decrease compared to October 2011. Year‐to‐date, total equity products ADV of 1.8 million contracts was 16.0% below prior year levels.
  • Total commodities products ADV of approximately 106,000 contracts in October 2012 increased 32.9% compared to October 2011 and increased 12.6% compared to September 2012. Year‐to‐date, total commodities product ADV of 89,000 contracts was 6.8% above prior year levels.
  • U.S. Derivatives
  • NYSE Euronext U.S. equity options ADV of 4.0 million contracts in October 2012 decreased 13.7% compared to October 2011 and decreased 2.0% compared to September 2012. Year‐to‐date, U.S. equity options ADV of 3.9 million contracts was 13.3% below prior year levels.
  • Total U.S. consolidated equity options ADV decreased 17.2% to 14.2 million contracts in October 2012 compared to October 2011 and decreased 10.5% compared to September 2012. Year‐to‐date, U.S. consolidated equity options ADV of 14.8 million contracts was 13.9% below prior year levels.

  • NYSE Euronext's U.S. options exchanges accounted for 28.5% of total U.S. consolidated equity options trading in October 2012, a new market share record high, up from 27.3% in October 2011 and up from 26.0% in September 2012. NYSE Amex equity options registered record market share of 17.6%, up from 15.6% in October 2011 and up from 14.6% in September 2012.

  • NYSE Liffe U.S. ADV of approximately 43,700 contracts decreased 54.3% from 95,600 contracts in October 2011, and decreased 47.8% from 83,700 contracts in September 2012. Year‐to‐date, U.S. futures and futures options ADV of 74,900 contracts was 5.8% below prior year levels.

Cash Trading

European Cash

• NYSE Euronext European cash products ADV of 1.3 million transactions in October 2012 decreased 26.6% compared to October 2011 and decreased 10.3% compared to September 2012. Year‐to‐date, European cash products ADV of 1.5 million transactions was 14.0% below prior year levels.

U.S. Cash

  • NYSE Euronext U.S. cash products handled ADV in October 2012 decreased 38.5% to 1.5 billion shares compared to October 2011 and decreased 8.0% from September 2012.
  • Year‐to‐date, U.S. cash products handled ADV was 1.7 billion shares, down 27.2% from prior year levels.
  • NYSE Euronext's Tape A matched market share in October 2012 was 30.6%, down from 33.9% in October 2011 and down slightly from 31.1% in September 2012.

Exchange Traded Funds

  • NYSE Euronext U.S. matched exchange‐traded funds ADV (included in volumes for Tape B and Tape C) of 190 million shares in October 2012 decreased 52.6% compared to October 2011 and decreased 4.9% compared to September 2012.
  • Year‐to‐date, NYSE Euronext U.S. matched exchange‐traded funds ADV of 213 million shares was 35.9% below prior year levels.

Please click here for the Monthly Transaction Activity Data Table.

About NYSE Euronext

NYSE Euronext (NYX) is a leading global operator of financial markets and provider of innovative trading technologies. The company's exchanges in Europe and the United States trade equities, futures, options, fixed‐income and exchange‐traded products. With approximately 8,000 listed issues (excluding European Structured Products), NYSE Euronext's equities markets ‐ the New York Stock Exchange, NYSE Euronext, NYSE MKT, NYSE Alternext and NYSE Arca ‐ represent one‐third of the world's equities trading, the most liquidity of any global exchange group. NYSE Euronext also operates NYSE Liffe, one of the leading European derivatives businesses and the world's second‐largest derivatives business by value of trading. The company offers comprehensive commercial technology, connectivity and market data products and services through NYSE Technologies. NYSE Euronext is in the S&P 500 index. For more information, please visit: http://www.nyx.com.

Disclaimer and 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 2011 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.

NYSE Euronext Monthly Volume Summary

Average Daily Volume Total Volume Average Daily Volume Total Volume
% Chg vs. % Chg vs.
(Unaudited; contracts in thousands) oct-12 oct-11 % Chg oct-12 oct-11 % Chg YTD 2012 YTD 2011 YTD 2012 YTD 2011
Number of Trading Days - European Cash
Number of Trading Days - European Derivatives
Number of Trading Days - U.S. Markets
23
23
21
21
21
21
23
23
21
21
21
21
215
216
209
215
216
209
European Derivatives Products
of which Bclear
3 140
841
3 415
508
-8,0%
65,5%
72 218
19 335
71 706
10 669
0,7%
81,2%
3 712
1 050
-19,7%
-9,6%
801 861
226 747
-18,9%
-8,7%
Total Fixed Income Products 1 523 1 901 -19,9% 35 029 39 917 -12,2% 1 787 -24,0% 385 946 -23,3%
Short Term Interest Rate Products 1 383 1 758 -21,3% 31 814 36 918 -13,8% 1 637 -25,9% 353 643 -25,2%
Medium and Long Term Interest Rate Products 1 140 143 -2,1% 3 215 2 999 7,2% 150 6,2% 32 303 7,2%
Total Equity Products 2 1 511 1 434 5,4% 34 755 30 117 15,4% 1 837 -16,0% 396 720 -15,3%
Individual Equity Products 1 107 876 26,4% 25 458 18 391 38,4% 1 358 -14,9% 293 299 -14,1%
Futures 715
392
360 98,5%
515 -24,0%
16 445
9 014
7 566 117,4%
10 825 -16,7%
907 -8,8% 195 847 -7,9%
Options
Equity Index Products
404 558 -27,6% 9 297 11 727 -20,7% 451
479
-25,1%
-19,0%
97 453
103 421
-24,4%
-18,3%
of which Bclear 841 508 65,5% 19 335 10 669 81,2% 1 050 -9,6% 226 747 -8,7%
Individual Equity Products 778 438 77,6% 17 896 9 202 94,5% 977 -9,6% 210 933 -8,7%
Futures 710 357 98,6% 16 322 7 505 117,5% 884 -9,6% 190 855 -8,8%
Options
Equity Index Products
68
63
81
70
-15,4%
-10,4%
1 573
1 439
1 697
1 467
-7,3%
-1,9%
93
73
-8,8%
-9,5%
20 078
15 814
-7,9%
-8,6%
Commodity Products 106 80 32,9% 2 434 1 672 45,6% 89 6,8% 19 195 7,8%
U.S. Derivatives Products
Equity Options 3
NYSE Euronext Options Contracts 4 039 4 678 -13,7% 84 817 98 242 -13,7% 3 875 -13,3% 809 951 -13,7%
Total Consolidated Options Contracts 14 190 17 147 -17,2% 297 991 360 081 -17,2% 14 795 -13,9% 3 092 072 -14,3%
NYSE Group Share of Total 28,5% 27,3% 28,5% 27,3% 26,2% 0,2% 26,2% 0,2%
NYSE Liffe U.S.
Futures and Futures Options Volume* 43,7 95,6 -54,3% 1 006 2 008 -49,9% 74,9 -5,8% 16 184,0 -5,4%
European Cash Products (trades in thousands) 1 279 1 743 -26,6% 29 421 36 600 -19,6% 1 507 -14,0% 323 977 -13,6%
Equities 1 233 1 675 -26,4% 28 364 35 167 -19,3% 1 457 -13,5% 313 169 -13,1%
Exchange-Traded Funds
Structured Products
12
29
23 -48,4%
41 -30,5%
267
656
473 -43,4%
862 -23,9%
14
32
-34,9%
-25,7%
2 918
6 782
-34,6%
-25,4%
Bonds 6 5 25,2% 133 97 37,1% 5 3,2% 1 109 3,7%
U.S. Cash Products (shares in millions) 5 1 536 2 496 -38,5% 32 251 52 418 -38,5% 1 710 -27,2% 357 431 -27,5%
NYSE Listed (Tape A) Issues 4
Handled Volume 5 1 103 1 726 -36,1% 23 157 36 238 -36,1% 1 224 -26,0% 255 801 -26,3%
Matched Volume 6
Total NYSE Listed Consolidated Volume
1 052
3 439
1 632
4 810
-35,6%
-28,5%
22 083 34 277
72 216 101 017
-35,6%
-28,5%
1 161
3 712
-25,9%
-17,0%
242 617
775 753
-26,3%
-17,4%
Share of Total Consolidated Volume
Handled Volume 5 32,1% 35,9% -3,8% 32,1% 35,9% -3,8% 33,0% -4,0% 33,0% -4,0%
Matched Volume 6 30,6% 33,9% -3,3% 30,6% 33,9% -3,3% 31,3% -3,8% 31,3% -3,8%
NYSE Arca, MKT and Regional (Tape B) Listed Issues
Handled Volume 5 214 454 -52,9% 4 491 9 528 -52,9% 251 -35,7% 52 520 -36,0%
Matched Volume 6
Total NYSE Arca & MKT Listed Consolidated Volume
198
932
410
1 763
-51,8%
-47,1%
4 154
19 567
8 616
37 013
-51,8%
-47,1%
227
1 068
-35,6%
-29,2%
47 392
223 216
-35,9%
-29,6%
Share of Total Consolidated Volume
Handled Volume 5 23,0% 25,7% -2,7% 23,0% 25,7% -2,7% 23,5% -2,4% 23,5% -2,4%
Matched Volume 6 21,2% 23,3% -2,1% 21,2% 23,3% -2,1% 21,2% -2,1% 21,2% -2,1%
Nasdaq Listed (Tape C) Issues
Handled Volume 5 219 317 -30,8% 4 603 6 653 -30,8% 235 -22,7% 49 110 -23,1%
Matched Volume 6
Total Nasdaq Listed Consolidated Volume
195
1 747
275
2 092
-29,2%
-16,5%
4 094
36 692
5 785
43 923
-29,2%
-16,5%
202
1 752
-23,0%
-15,7%
42 161
366 240
-23,3%
-16,1%
Share of Total Consolidated Volume
Handled Volume 5 12,5% 15,1% -2,6% 12,5% 15,1% -2,6% 13,4% -1,2% 13,4% -1,2%
Matched Volume 6 11,2% 13,2% -2,0% 11,2% 13,2% -2,0% 11,5% -1,1% 11,5% -1,1%
Exchange-Traded Funds 5,7
Handled Volume 5 205 443 -53,8% 4 300 9 311 -53,8% 236 -36,0% 49 303 -36,3%
Matched Volume 6
Total ETF Consolidated Volume
190
903
401
1 759
-52,6%
-48,7%
3 990
18 961
8 420
36 942
-52,6%
-48,7%
213
1 032
-35,9%
-28,8%
44 443
215 701
-36,2%
-29,2%
Share of Total Consolidated Volume
Handled Volume 5 22,7% 25,2% -2,5% 22,7% 25,2% -2,5% 22,9% -2,6% 22,9% -2,6%
Matched Volume 6 21,0% 22,8% -1,8% 21,0% 22,8% -1,8% 20,6% -2,3% 20,6% -2,3%

1 Data includes currency products.

2 Includes all trading activities for Bclear, NYSE Liffe's clearing service for wholesale derivatives.

3 Includes trading in U.S. equity options contracts, not equity-index options.

4 Includes all volume executed in NYSE Group crossing sessions.

5 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.

6 Represents the total number of shares of equity securities and ETFs executed on the NYSE Group's exchanges.

7 Data included in previously identified categories.

* ADVs calculated with the appropriate number of NYSE Liffe U.S. trading days.

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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