Earnings Release • May 8, 2012
Earnings Release
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Global Derivatives ADV in April Down 7% Year-over-Year; Up 9% from 1Q12 Levels #1 in U.S. Equity Options in April; Record Monthly Market Share for NYSE Amex Options April European Cash ADV Up 23% and U.S. Cash ADV Down 13% Year-over-Year
May 8, 2012 – NYSE Euronext (NYX) today announced trading volumes for its global derivatives and cash equities exchanges for April 20121 . Trading volumes were mixed both year-over-year and month-over-month across most venues, but reflected some strengthening relative to weak first quarter 2012 levels. Global derivatives average daily volume ("ADV") of 8.2 million contracts in April 2012 decreased 6.9% versus the prior year, but increased 1.4% from March 2012 and increased 9.0% from first quarter 2012 levels. European cash trading ADV in April increased 22.8% versus the prior year, increased 14.8% from March 2012 levels and increased 17.8% from first quarter 2012 levels. U.S. cash trading ADV decreased 13.3% and 2.5% from April 2011 and March 2012 levels, respectively, and declined 3.6% from first quarter 2012 levels.
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
U.S. Derivatives
• NYSE Euronext U.S. equity options ADV of 3.9 million contracts in April 2012 decreased 3.3% compared to April 2011, decreased 4.9% compared to March 2012 and were 5.5%
below first quarter 2012 levels. Year-to-date, U.S. equity options ADV of 4.1 million contracts was 5.7% below prior year levels.
European Cash
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, fixedincome 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 Amex, NYSE Alternext and NYSE Arca — represent one-third of the worlds 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: 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) | Apr-12 | Apr-11 | % Chg | Apr-12 | Apr-11 | % Chg | YTD 2012 | YTD 2011 | YTD 2012 | YTD 2011 |
| Number of Trading Days - European Markets Number of Trading Days - U.S. Markets |
19 20 |
19 20 |
19 20 |
19 20 |
84 82 |
84 82 |
||||
| European Derivatives Products | 4,270 | 4,721 | -9.6% | 81,127 | 89,699 | -9.6% | 3,544 | -23.8% | 297,722 | -22.9% |
| of which Bclear | 1,471 | 1,842 -20.1% | 27,945 | 34,990 -20.1% | 853 | -16.0% | 71,675 | -15.0% | ||
| Total Fixed Income Products | 1,792 | 1,929 | -7.1% | 34,049 | 36,659 | -7.1% | 1,778 | -29.5% | 149,377 | -28.7% |
| Short Term Interest Rate Products | 1,665 | 1,817 | -8.3% | 31,636 | 34,516 | -8.3% | 1,632 | -31.9% | 137,074 | -31.1% |
| Medium and Long Term Interest Rate Products 1 | 127 | 113 | 12.7% | 2,414 | 2,143 | 12.7% | 146 | 15.1% | 12,303 | 16.5% |
| Total Equity Products 2 | 2,397 | 2,714 -11.7% | 45,538 | 51,570 -11.7% | 1,685 | -17.6% | 141,512 | -16.6% | ||
| 1,847 | 35,085 | |||||||||
| Individual Equity Products Futures |
1,325 | 2,254 -18.1% 1,756 -24.6% |
25,173 | 42,828 -18.1% 33,369 -24.6% |
1,206 695 |
-19.2% -17.8% |
101,328 58,347 |
-18.2% -16.8% |
||
| Options | 522 | 498 | 4.8% | 9,913 | 9,459 | 4.8% | 512 | -20.9% | 42,980 | -20.0% |
| Equity Index Products | 550 | 460 | 19.6% | 10,453 | 8,742 | 19.6% | 478 | -13.4% | 40,185 | -12.3% |
| of which Bclear | 1,471 | 1,842 -20.1% | 27,945 | 34,990 -20.1% | 853 | -16.0% | 71,675 | -15.0% | ||
| Individual Equity Products | 1,409 | 1,785 -21.1% | 26,765 | 33,914 -21.1% | 783 | -16.8% | 65,763 | -15.8% | ||
| Futures | 1,253 | 1,701 -26.3% | 23,816 | 32,319 -26.3% | 672 | -18.8% | 56,476 | -17.9% | ||
| Options | 155 62 |
84 57 |
84.9% | 2,948 1,180 |
1,594 1,076 |
84.9% | 111 | -1.4% | 9,287 | -0.2% |
| Equity Index Products | 9.7% | 9.7% | 70 | -6.7% | 5,912 | -5.5% | ||||
| Commodity Products | 81 | 77 | 4.7% | 1,539 | 1,470 | 4.7% | 81 | -4.9% | 6,833 | -3.7% |
| U.S. Derivatives Products | ||||||||||
| Equity Options 3 | ||||||||||
| NYSE Euronext Options Contracts | 3,903 | 4,034 | -3.3% | 78,050 | 80,687 | -3.3% | 4,073 | -5.7% | 333,973 | -5.7% |
| Total Consolidated Options Contracts | 14,772 | 15,705 | -5.9% | 295,434 314,103 | -5.9% | 15,609 | -7.7% | 1,279,942 | -7.7% | |
| NYSE Group Share of Total | 26.4% | 25.7% | 26.4% | 25.7% | 26.1% | 0.6% | 26.1% | 0.6% | ||
| NYSE Liffe U.S. | ||||||||||
| Futures and Futures Options Volume* | 61.5 | 91.7 -33.0% | 1,291 | 1,834 -29.6% | 87.7 | 131.7% | 7,452.0 | 134.4% | ||
| European Cash Products (trades in thousands) | 1,865 | 1,519 | 22.8% | 35,444 | 28,860 | 22.8% | 1,647 | -5.2% | 138,371 | -4.1% |
| Equities Exchange-Traded Funds |
1,810 16 |
16 | 1,461 23.9% -0.3% |
34,385 301 |
302 | 27,757 23.9% -0.3% |
1,593 15 |
-4.6% -24.1% |
133,824 1,242 |
-3.4% -23.2% |
| Structured Products | 35 | 37 | -5.7% | 658 | 697 | -5.7% | 34 | -19.9% | 2,893 | -19.0% |
| Bonds | 5 | 5 | -3.0% | 101 | 104 | -3.0% | 5 | -9.9% | 412 | -8.8% |
| U.S. Cash Products (shares in millions) 5 | 1,719 | 1,982 | -13.3% | 34,378 | 39,637 | -13.3% | 1,768 | -20.7% | 144,935 | -20.7% |
| NYSE Listed (Tape A) Issues 4 | ||||||||||
| Handled Volume 5 Matched Volume 6 |
1,238 1,170 |
1,409 1,330 |
-12.1% -12.0% |
24,760 23,408 |
28,179 26,610 |
-12.1% -12.0% |
1,266 1,194 |
-21.1% -21.3% |
103,782 97,939 |
-21.1% -21.3% |
| Total NYSE Listed Consolidated Volume | 3,743 | 3,995 | -6.3% | 74,868 | 79,902 | -6.3% | 3,886 | -12.2% | 318,667 | -12.2% |
| Share of Total Consolidated Volume | ||||||||||
| Handled Volume 5 | 33.1% | 35.3% | -2.2% | 33.1% | 35.3% | -2.2% | 32.6% | -3.7% | 32.6% | -3.7% |
| Matched Volume 6 | 31.3% | 33.3% | -2.0% | 31.3% | 33.3% | -2.0% | 30.7% | -3.5% | 30.7% | -3.5% |
| NYSE Arca & Amex (Tape B) Listed Issues | ||||||||||
| Handled Volume 5 Matched Volume 6 |
253 226 |
296 265 |
-14.5% -14.5% |
5,067 4,530 |
5,923 5,295 |
-14.5% -14.5% |
262 234 |
-21.5% -21.8% |
21,507 19,200 |
-21.5% -21.8% |
| Total NYSE Arca & Amex Listed Consolidated Volume | 1,094 | 1,154 | -5.2% | 21,874 | 23,081 | -5.2% | 1,116 | -14.4% | 91,494 | -14.4% |
| Share of Total Consolidated Volume | ||||||||||
| Handled Volume 5 | 23.2% | 25.7% | -2.5% | 23.2% | 25.7% | -2.5% | 23.5% | -2.2% | 23.5% | -2.2% |
| Matched Volume 6 | 20.7% | 22.9% | -2.2% | 20.7% | 22.9% | -2.2% | 21.0% | -2.0% | 21.0% | -2.0% |
| Nasdaq Listed (Tape C) Issues | ||||||||||
| Handled Volume 5 | 228 | 277 | -17.8% | 4,552 | 5,534 | -17.8% | 240 | -17.6% | 19,646 | -17.6% |
| Matched Volume 6 | 192 | 234 | -18.0% | 3,832 | 4,672 | -18.0% | 203 | -18.0% | 16,608 | -18.0% |
| Total Nasdaq Listed Consolidated Volume | 1,704 | 1,928 | -11.6% | 34,074 | 38,557 | -11.6% | 1,773 | -12.3% | 145,404 | -12.3% |
| Share of Total Consolidated Volume | ||||||||||
| Handled Volume 5 | 13.4% | 14.4% | -1.0% | 13.4% | 14.4% | -1.0% | 13.5% | -0.9% | 13.5% | -0.9% |
| Matched Volume 6 | 11.2% | 12.1% | -0.9% | 11.2% | 12.1% | -0.9% | 11.4% | -0.8% | 11.4% | -0.8% |
| Exchange-Traded Funds 5,7 | ||||||||||
| Handled Volume 5 | 242 | 271 | -10.5% | 4,846 | 5,413 | -10.5% | 247 | -18.9% | 20,253 | -18.9% |
| Matched Volume 6 | 216 | 242 | -10.6% | 4,327 | 4,838 | -10.6% | 220 | -19.4% | 18,045 | -19.4% |
| Total ETF Consolidated Volume | 1,074 | 1,061 | 1.3% | 21,487 | 21,216 | 1.3% | 1,082 | -9.9% | 88,685 | -9.9% |
| Share of Total Consolidated Volume | ||||||||||
| Handled Volume 5 | 22.6% | 25.5% | -2.9% | 22.6% | 25.5% | -2.9% | 22.8% | -2.5% | 22.8% | -2.5% |
| Matched Volume 6 | 20.1% | 22.8% | -2.7% | 20.1% | 22.8% | -2.7% | 20.3% | -2.4% | 20.3% | -2.4% |
1 Data includes currency products.
6
*
2 Includes Bclear trading 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.
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.
Please note: Nasdaq Listed Consolidated Volumes have been adjusted for Nasdaq's April 5th UTDF trade reporting issue.
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