Earnings Release • Oct 10, 2012
Earnings Release
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Trading Volumes in September Down Year-over-Year; Rebound From August 2012 Levels
New York, October 10, 2012 – NYSE Euronext (NYX) today announced trading volumes for its global derivatives and cash equities exchanges for September 20121 . Trading volumes in September 2012 were down year-over-year, but rebounded across the four principal trading venues from lower levels recorded in August 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.
| Preliminary | |||
|---|---|---|---|
| Trading Venue | 3Q11 | 2Q12 | 3Q12 |
| European Derivatives (ex. Bclear)1 | \$0.679 | \$0.674 | \$0.65 |
| U.S. Derivatives2 | \$0.154 | \$0.148 | \$0.14 |
| European Cash3 | \$0.635 | \$0.519 | \$0.53 |
| U.S. Cash4 | \$0.038 | \$0.043 | \$0.039 |
1 Average net revenue per contract, excluding Bclear.
2 Average net revenue per contract. Excludes NYSE Liffe U.S. trading volume.
3 Average net revenue per transaction.
4 Average net revenue per 100 shares handled.
European Derivatives
million contracts were 19.4% below prior year levels. Year-to-date, total equity products ADV of 1.9 million contracts was 17.4% below prior year levels.
• Total commodities products ADV of approximately 94,000 contracts in September 2012 increased 2.8% compared to September 2011 and increased 5.7% compared to August 2012. In the third quarter of 2012, total commodities product ADV of 100,000 contracts was 27.7% above prior year levels. Year-to-date, total commodities product ADV of 87,000 contracts was 3.9% above prior year levels.
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 onethird 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) | sept-12 | sept-11 | % Chg | sept-12 | sept-11 | % Chg | YTD 2012 | YTD 2011 | YTD 2012 | YTD 2011 |
| Number of Trading Days - European Cash Number of Trading Days - European Derivatives |
20 20 |
22 22 |
20 20 |
22 22 |
192 193 |
192 193 |
||||
| Number of Trading Days - U.S. Markets | 19 | 21 | 19 | 21 | 188 | 188 | ||||
| European Derivatives Products of which Bclear |
3 455 584 |
4 809 | -28,2% 1 179 -50,4% |
69 105 11 685 |
105 799 | -34,7% 25 941 -55,0% |
3 781 1 075 |
-20,4% -12,7% |
729 643 207 412 |
-20,4% -12,7% |
| Total Fixed Income Products | 1 998 | 2 547 -21,5% | 39 965 | 56 029 -28,7% | 1 818 | -24,2% | 350 918 | -24,2% | ||
| Short Term Interest Rate Products | 1 841 | 2 400 -23,3% | 36 828 | 52 801 -30,3% | 1 668 | -26,2% | 321 829 | -26,2% | ||
| Medium and Long Term Interest Rate Products 1 | 157 | 147 | 6,9% | 3 138 | 3 228 | -2,8% | 151 | 7,2% | 29 089 | 7,2% |
| Total Equity Products 2 | 1 363 | 2 171 -37,2% | 27 261 | 47 760 -42,9% | 1 875 | -17,4% | 361 965 | -17,4% | ||
| Individual Equity Products | 814 | 1 483 -45,1% | 16 288 | 32 636 -50,1% | 1 388 | -17,1% | 267 841 | -17,1% | ||
| Futures | 395 | 967 -59,2% | 7 895 | 21 266 -62,9% | 930 | -12,6% | 179 402 | -12,6% | ||
| Options Equity Index Products |
420 549 |
517 -18,8% 687 -20,2% |
8 393 10 972 |
11 369 -26,2% 15 124 -27,5% |
458 488 |
-25,1% -18,0% |
88 439 94 124 |
-25,1% -18,0% |
||
| of which Bclear | 584 | 1 179 -50,4% | 11 685 | 25 941 -55,0% | 1 075 | -12,7% | 207 412 | -12,7% | ||
| Individual Equity Products Futures |
456 382 |
1 065 -57,2% 962 -60,2% |
9 118 7 650 |
23 431 -61,1% 21 154 -63,8% |
1 000 904 |
-13,0% -13,5% |
193 037 174 532 |
-13,0% -13,5% |
||
| Options | 73 | 104 -29,1% | 1 469 | 2 277 -35,5% | 96 | -8,0% | 18 505 | -8,0% | ||
| Equity Index Products | 128 | 114 | 12,5% | 2 567 | 2 509 | 2,3% | 74 | -9,3% | 14 375 | -9,3% |
| Commodity Products | 94 | 91 | 2,8% | 1 879 | 2 010 | -6,5% | 87 | 3,9% | 16 761 | 3,9% |
| U.S. Derivatives Products | ||||||||||
| Equity Options 3 | ||||||||||
| NYSE Euronext Options Contracts | 4 122 | 4 588 -10,2% | 78 318 | 96 351 -18,7% | 3 857 | -13,2% | 725 134 | -13,7% | ||
| Total Consolidated Options Contracts | 15 863 | 17 134 | -7,4% | 301 402 359 818 -16,2% | 14 862 | -13,5% | 2 794 081 | -14,0% | ||
| NYSE Group Share of Total | 26,0% | 26,8% | 26,0% | 26,8% | 26,0% | 0,1% | 26,0% | 0,1% | ||
| NYSE Liffe U.S. | ||||||||||
| Futures and Futures Options Volume* | 83,7 | 113,4 -26,2% | 1 673 | 2 494 -32,9% | 78,6 | 1,0% | 15 178,2 | 0,5% | ||
| European Cash Products (trades in thousands) | 1 426 | 1 882 | -24,2% | 28 530 | 41 402 | -31,1% | 1 534 | -12,5% | 294 556 | -12,9% |
| Equities | 1 377 | 1 804 -23,7% | 27 533 | 39 684 -30,6% | 1 483 | -11,9% | 284 805 | -12,4% | ||
| Exchange-Traded Funds | 14 | 26 -47,7% | 274 | 576 -52,4% | 14 | -33,2% | 2 650 | -33,6% | ||
| Structured Products Bonds |
30 6 |
5 | 47 -35,6% 20,5% |
607 116 |
106 | 1 037 -41,5% 9,5% |
32 5 |
-25,1% 0,9% |
6 125 976 |
-25,5% 0,4% |
| U.S. Cash Products (shares in millions) 5 | ||||||||||
| NYSE Listed (Tape A) Issues 4 | 1 669 | 2 558 | -34,7% | 31 720 | 53 709 | -40,9% | 1 730 | -25,8% | 325 180 | -26,2% |
| Handled Volume 5 Matched Volume 6 |
1 218 1 160 |
1 761 1 678 |
-30,8% -30,9% |
23 146 22 034 |
36 976 35 241 |
-37,4% -37,5% |
1 237 1 173 |
-24,8% -24,8% |
232 644 220 535 |
-25,2% -25,2% |
| Total NYSE Listed Consolidated Volume | 3 730 | 4 622 | -19,3% | 70 866 | 97 054 | -27,0% | 3 742 | -15,6% | 703 537 | -16,1% |
| Share of Total Consolidated Volume | ||||||||||
| Handled Volume 5 | 32,7% | 38,1% | -5,4% | 32,7% | 38,1% | -5,4% | 33,1% | -4,0% | 33,1% | -4,0% |
| Matched Volume 6 | 31,1% | 36,3% | -5,2% | 31,1% | 36,3% | -5,2% | 31,3% | -3,8% | 31,3% | -3,8% |
| NYSE Arca, MKT and Regional (Tape B) Listed Issues | ||||||||||
| Handled Volume 5 | 241 | 477 | -49,5% | 4 583 | 10 025 | -54,3% | 255 | -33,5% | 48 029 | -33,8% |
| Matched Volume 6 | 219 | 432 | -49,3% | 4 161 | 9 074 | -54,1% | 230 | -33,5% | 43 238 | -33,8% |
| Total NYSE Arca & MKT Listed Consolidated Volume | 1 048 | 1 806 | -41,9% | 19 919 | 37 916 | -47,5% | 1 083 | -26,9% | 203 650 | -27,3% |
| Share of Total Consolidated Volume | ||||||||||
| Handled Volume 5 Matched Volume 6 |
23,0% 20,9% |
26,4% 23,9% |
-3,4% -3,0% |
23,0% 20,9% |
26,4% 23,9% |
-3,4% -3,0% |
23,6% 21,2% |
-2,3% -2,1% |
23,6% 21,2% |
-2,3% -2,1% |
| Nasdaq Listed (Tape C) Issues | ||||||||||
| Handled Volume 5 Matched Volume 6 |
210 181 |
319 282 |
-34,2% -35,8% |
3 991 3 443 |
6 708 5 928 |
-40,5% -41,9% |
237 202 |
-21,8% -22,2% |
44 507 38 067 |
-22,2% -22,6% |
| Total Nasdaq Listed Consolidated Volume | 1 796 | 2 089 | -14,1% | 34 117 | 43 874 | -22,2% | 1 753 | -15,6% | 329 548 | -16,1% |
| Share of Total Consolidated Volume | ||||||||||
| Handled Volume 5 | 11,7% | 15,3% | -3,6% | 11,7% | 15,3% | -3,6% | 13,5% | -1,1% | 13,5% | -1,1% |
| Matched Volume 6 | 10,1% | 13,5% | -3,4% | 10,1% | 13,5% | -3,4% | 11,6% | -0,9% | 11,6% | -0,9% |
| Exchange-Traded Funds 5,7 | ||||||||||
| Handled Volume 5 | 220 | 465 | -52,7% | 4 181 | 9 769 | -57,2% | 239 | -33,6% | 45 002 | -33,9% |
| Matched Volume 6 | 200 | 421 | -52,5% | 3 796 | 8 832 | -57,0% | 215 | -33,6% | 40 453 | -34,0% |
| Total ETF Consolidated Volume | 987 | 1 797 | -45,1% | 18 758 | 37 737 | -50,3% | 1 046 | -26,1% | 196 741 | -26,5% |
| Share of Total Consolidated Volume | ||||||||||
| Handled Volume 5 Matched Volume 6 |
22,3% | 25,9% | -3,6% | 22,3% | 25,9% | -3,6% | 22,9% | -2,6% | 22,9% | -2,6% |
| 20,2% | 23,4% | -3,2% | 20,2% | 23,4% | -3,2% | 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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