Regulatory Filings • Nov 13, 2012
Regulatory Filings
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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.
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.
European Derivatives
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 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
Exchange Traded Funds
Please click here for the Monthly Transaction Activity Data Table.
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.
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.
| 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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