Regulatory Filings • Apr 6, 2011
Regulatory Filings
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NYSE Liffe U.S. Executes 480,000 Eurodollar and U.S. Treasury Futures Contracts Since March 21 Global Derivatives Averaged 9.2 Million Contracts per Day in March, Up 12% vs. Prior Year U.S Equity Options Volumes Up 23%; European Derivatives Up 3% European Cash Trading Volumes Up 44%, U.S. Cash Down 2%
April 6, 2011 – NYSE Euronext (NYX) today announced trading volumes for its global derivatives and cash equities exchanges for March 20111 . Global derivatives average daily volume ("ADV") of 9.2 million contracts traded per day in March 2011 increased 11.9% versus the prior year. The increase in global derivatives ADV versus prior year levels was driven by a 22.8% increase in U.S. equity options ADV and a 3.2% increase in European Derivatives ADV. Cash equities ADV in March 2011 was mixed, with European cash ADV increasing 44.0% and U.S. cash trading volumes decreasing 2.1% from March 2010 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.
The pipeline of new trading clients is strong, with several new clients expected to begin trading in the coming weeks.
| 4Q10 Actual | 1Q11 Preliminary | |
|---|---|---|
| 1 European Derivatives (ex. Bclear) |
\$0.67 | \$0.68 |
| U.S. Equity Options2 | \$0.17 | \$0.16 |
| European Cash3 | \$0.71 | \$0.65 |
| U.S. Cash4 | \$0.033 | \$0.036 |
1 Average net revenue per contract, excluding Bclear.
2 Average net revenue per contract.
3 Average net revenue per transaction.
4 Average net revenue per 100 shares handled.
European Derivatives
individual equity products ADV and 0.7 million contracts in equity index products ADV. The 1.3 million contracts in individual equity products ADV consisted of 0.7 million in futures contracts, which represented an 8.0% increase compared to March 2010 and 0.6 million in options contracts, which represented a 9.7% decrease compared to March 2010. The average net rate per contract for individual equity futures contracts is significantly lower than other products traded on NYSE Liffe. In the first quarter of 2011, total equity products ADV of 1.8 million contracts was 11.6% below prior year levels.
• Total commodities products ADV of 101,000 contracts in March 2011 increased 95.5% compared to March 2010 and increased 16.6% compared to February 2011. In the first quarter of 2011, total commodities product ADV of 88,000 contracts was 69.2% above prior year levels.
U.S. Derivatives
European Cash
U.S. Cash
• NYSE Euronext U.S. cash products handled ADV in March 2011 decreased 2.1% to 2.3 billion shares compared to March 2010, but increased 2.7% from February 2011.
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 Amex, 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, and is the only exchange operator in the Fortune 500. For more information, please visit: http://www.nyx.com.
This press release August 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 2009 ("document de référence") filed with the French Autorité des Marchés Financiers (Filed on April 22, 2010 under No. D.10-0304), 2010 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 August 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 | |||||||
|---|---|---|---|---|---|---|---|---|---|---|
| (Unaudited; contracts in thousands) | Mar-11 | Mar-10 | % Chg | Mar-11 | Mar-10 | % Chg | YTD 2011 | % Chg vs. YTD 2010 |
YTD 2011 | % Chg vs. YTD 2010 |
| Number of Trading Days - European Markets Number of Trading Days - U.S. Markets |
23 23 |
23 23 |
23 23 |
23 23 |
64 62 |
64 62 |
||||
| European Derivatives Products of which Bclear |
4,771 861 |
4,622 860 |
3.2% 0.1% |
109,733 106,307 19,806 |
19,778 | 3.2% 0.1% |
4,633 771 |
-4.5% -20.7% |
296,529 49,335 |
-3.0% -19.4% |
| Total Fixed Income Products | 2,673 | 2,630 | 1.6% | 61,468 | 60,484 | 1.6% | 2,700 | -0.4% | 172,792 | 1.2% |
| Short Term Interest Rate Products | 2,546 | 2,523 | 0.9% | 58,566 | 58,039 | 0.9% | 2,568 | -1.0% | 164,371 | 0.6% |
| Medium and Long Term Interest Rate Products 1 | 126 | 106 | 18.7% | 2,902 | 2,445 | 18.7% | 132 | 12.0% | 8,421 | 13.8% |
| Total Equity Products 2 | 1,997 | 1,941 | 2.9% | 45,935 | 44,632 | 2.9% | 1,845 | -11.6% | 118,110 | -10.2% |
| Individual Equity Products Futures |
1,294 650 |
1,315 602 |
-1.6% 8.0% |
29,755 14,953 |
30,242 13,851 |
-1.6% 8.0% |
1,266 575 |
-13.6% -20.8% |
81,011 36,777 |
-12.3% -19.5% |
| Options | 644 | 713 | -9.7% | 14,802 | 16,391 | -9.7% | 691 | -6.6% | 44,234 | -5.1% |
| Equity Index Products | 703 | 626 | 12.4% | 16,180 | 14,390 | 12.4% | 580 | -6.8% | 37,100 | -5.3% |
| of which Bclear | 861 | 860 | 0.1% | 19,806 | 19,778 | 0.1% | 771 | -20.7% | 49,335 | -19.4% |
| Individual Equity Products Futures |
747 649 |
737 600 |
1.3% 8.1% |
17,188 14,927 |
16,961 13,810 |
1.3% 8.1% |
690 569 |
-19.0% -21.4% |
44,152 36,437 |
-17.7% -20.2% |
| Options | 98 | 137 -28.2% | 2,262 | 3,151 -28.2% | 121 | -4.8% | 7,715 | -3.3% | ||
| Equity Index Products | 114 | 123 | -7.1% | 2,618 | 2,818 | -7.1% | 81 | -32.9% | 5,183 | -31.8% |
| Commodity Products | 101 | 52 | 95.5% | 2,329 | 1,191 | 95.5% | 88 | 69.2% | 5,627 | 71.9% |
| U.S. Derivatives Products | ||||||||||
| Equity Options 3 | ||||||||||
| NYSE Euronext Options Contracts Total Consolidated Options Contracts |
4,368 16,791 |
3,556 14,071 |
22.8% 19.3% |
100,472 386,203 323,642 |
81,792 | 22.8% 19.3% |
4,408 17,298 |
18.7% 23.8% |
273,323 1,072,501 |
20.7% 25.8% |
| NYSE Group Share of Total | 26.0% | 25.3% | 26.0% | 25.3% | 25.5% | -1.1% | 25.5% | -1.1% | ||
| NYSE Liffe U.S. | ||||||||||
| Futures and Futures Options Volume | 35.6 | 18.2 | 95.9% | 818 | 418 | 95.9% | 21.7 | 4.6% | 1,347.3 | 6.3% |
| European Cash Products (trades in thousands) | 1,862 | 1,293 | 44.0% | 42,822 | 29,737 | 44.0% | 1,803 | 31.7% | 115,377 | 33.8% |
| Equities | 1,787 | 1,243 43.7% | 41,090 | 28,586 43.7% | 1,732 | 31.9% | 110,841 | 34.0% | ||
| Exchange-Traded Funds | 22 | 14 59.8% | 516 | 323 59.8% | 21 | 28.1% | 1,316 | 30.1% | ||
| Structured Products Bonds |
47 6 |
29 61.7% 7 -17.8% |
1,089 127 |
674 61.7% 154 -17.8% |
45 5 |
33.7% -14.6% |
2,873 347 |
35.8% -13.3% |
||
| U.S. Cash Products (shares in millions) 5 | 2,307 | 2,357 | -2.1% | 53,055 54,214 | -2.1% | 2,309 | -9.1% | 143,176 | -7.6% | |
| NYSE Listed (Tape A) Issues 4 | ||||||||||
| Handled Volume 5 | 1,632 | 1,725 | -5.4% | 37,537 | 39,677 | -5.4% | 1,668 | -8.6% | 103,391 | -7.1% |
| Matched Volume 6 | 1,549 | 1,599 | -3.1% | 35,633 | 36,785 | -3.1% | 1,577 | -6.8% | 97,799 | -5.2% |
| Total NYSE Listed Consolidated Volume | 4,409 | 4,756 | -7.3% | 101,413 109,392 | -7.3% | 4,568 | -6.1% | 283,205 | -4.6% | |
| Share of Total Consolidated Volume Handled Volume 5 |
||||||||||
| Matched Volume 6 | 37.0% 35.1% |
36.3% 33.6% |
0.7% 1.5% |
37.0% 35.1% |
36.3% 33.6% |
0.7% 1.5% |
36.5% 34.5% |
-1.0% -0.2% |
36.5% 34.5% |
-1.0% -0.2% |
| NYSE Arca & Amex (Tape B) Listed Issues | ||||||||||
| Handled Volume 5 | 383 | 324 | 18.5% | 8,820 | 7,445 | 18.5% | 347 | -9.1% | 21,491 | -7.6% |
| Matched Volume 6 | 344 | 289 | 19.0% | 7,906 | 6,642 | 19.0% | 311 | -7.9% | 19,270 | -6.4% |
| Total NYSE Arca & Amex Listed Consolidated Volume | 1,475 | 1,260 | 17.1% | 33,931 | 28,974 | 17.1% | 1,351 | -8.1% | 83,751 | -6.6% |
| Share of Total Consolidated Volume Handled Volume 5 |
26.0% | 25.7% | 0.3% | 26.0% | 25.7% | 0.3% | 25.7% | -0.2% | 25.7% | -0.2% |
| Matched Volume 6 | 23.3% | 22.9% | 0.4% | 23.3% | 22.9% | 0.4% | 23.0% | 0.1% | 23.0% | 0.1% |
| Nasdaq Listed (Tape C) Issues | ||||||||||
| Handled Volume 5 | 291 | 308 | -5.6% | 6,697 | 7,092 | -5.6% | 295 | -12.1% | 18,295 | -10.7% |
| Matched Volume 6 | 247 | 249 | -0.6% | 5,690 | 5,725 | -0.6% | 251 | -8.5% | 15,572 | -7.0% |
| Total Nasdaq Listed Consolidated Volume | 2,020 | 2,324 | -13.1% | 46,470 | 53,456 | -13.1% | 2,051 | -12.3% | 127,166 | -10.9% |
| Share of Total Consolidated Volume Handled Volume 5 |
14.4% | 13.3% | 1.1% | 14.4% | 13.3% | 1.1% | 14.4% | 0.0% | 14.4% | 0.0% |
| Matched Volume 6 | 12.2% | 10.7% | 1.5% | 12.2% | 10.7% | 1.5% | 12.2% | 0.5% | 12.2% | 0.5% |
| Exchange-Traded Funds 5,7 | ||||||||||
| Handled Volume 5 | 351 | 304 | 15.6% | 8,077 | 6,986 | 15.6% | 315 | -13.5% | 19,557 | -12.1% |
| Matched Volume 6 | 315 | 272 | 15.5% | 7,235 | 6,263 | 15.5% | 283 | -12.7% | 17,543 | -11.3% |
| Total ETF Consolidated Volume | 1,368 | 1,216 | 12.5% | 31,455 | 27,972 | 12.5% | 1,245 | -13.7% | 77,213 | -12.3% |
| Share of Total Consolidated Volume Handled Volume 5 |
25.7% | 25.0% | 0.7% | 25.7% | 25.0% | 0.7% | 25.3% | 0.0% | 25.3% | 0.0% |
| Matched Volume 6 | 23.0% | 22.4% | 0.6% | 23.0% | 22.4% | 0.6% | 22.7% | 0.2% | 22.7% | 0.2% |
7 Data included in previously identified categories.
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.
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.
4 Includes all volume executed in NYSE Group crossing sessions.
6 Represents the total number of shares of equity securities and ETFs executed on the NYSE Group's exchanges.
1 Data includes currency products.
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.
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