Earnings Release • Jan 7, 2011
Earnings Release
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Global Derivatives Averaged 6.7 Million Contracts per Day in December, Down 6% vs. Prior Year; European Cash Trading Volumes Up 13%, U.S. Cash Down 14%
January 7, 2011 – NYSE Euronext (NYX) today announced trading volumes for its global derivatives and cash equities exchanges for December 20101 . Global derivatives average daily volume ("ADV") of 6.7 million contracts traded per day in December 2010 decreased 6.2% versus the prior year. The decrease in global derivatives ADV versus prior year levels was driven primarily by a 17.7% decrease in European derivatives, partially offset by an 8.7% increase in U.S. equity options ADV. Cash equities ADV in December 2010 was mixed, with European cash ADV increasing 12.9% and U.S. cash trading volumes decreasing 13.5% from December 2009 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.
| 3Q10 Actual | 4Q10 Preliminary | |
|---|---|---|
| European Derivatives (ex. Bclear)1 | \$0.670 | \$0.67 |
| U.S. Equity Options2 | \$0.171 | \$0.17 |
| European Cash3 | \$0.655 | \$0.71 |
| U.S. Cash4 | \$0.0313 | \$0.032 |
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
million in futures contracts, which represented a 16.7% decrease compared to December 2009 and 0.6 million in options contracts, which represented a 23.7% decrease compared to December 2009. The average net rate per contract for individual equity futures contracts is significantly lower than other products traded on NYSE Liffe. In the fourth quarter of 2010, total equity products ADV of 1.9 million contracts was 6.1% below prior year levels. For the full-year 2010, total equity products ADV of 2.4 million contracts was 16.6% above prior year levels.
• Total commodities products ADV of 64,000 contracts in December 2010 increased 41.4% compared to December 2009. In the fourth quarter of 2010, total commodities product ADV of 69,000 contracts was 42.1% above prior year levels. For the full-year 2010, total commodities product ADV of 65,000 contracts was 36.3% above prior year levels.
European Cash
U.S. Cash
• NYSE Euronext U.S. matched exchange-traded products ADV (included in volumes for Tape B and Tape C) of 214 million shares in December 2010 decreased 14.4% compared to December 2009 and decreased 32.1% compared to November 2010. In the fourth quarter of 2010, NYSE Euronext U.S. matched exchange-traded products ADV of 276 million shares was 8.6% below prior year levels. For the full-year 2010, NYSE Euronext U.S. matched exchange-traded products ADV of 333 million shares was 24.4% below 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, 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-fourth 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 S&P 100 index and 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), 2009 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) | Dec-10 | Dec-09 | % Chg | Dec-10 | Dec-09 | % Chg | YTD 2010 | % Chg vs. YTD 2009 |
YTD 2010 | % Chg vs. YTD 2009 |
| Number of Trading Days - European Markets Number of Trading Days - U.S. Markets |
23 22 |
22 22 |
23 22 |
22 22 |
258 252 |
258 252 |
||||
| European Derivatives Products | 3,302 | 4,014 -17.7% | 75,957 | 88,311 -14.0% | 4,739 | 14.9% | 1,222,557 | 15.8% | ||
| of which Bclear | 903 | 1,102 -18.1% | 20,759 | 24,252 -14.4% | 1,321 | 29.6% | 340,840 | 30.6% | ||
| Total Fixed Income Products | 1,473 | 1,821 -19.1% | 33,877 | 40,055 -15.4% | 2,278 | 12.6% | 587,652 | 13.5% | ||
| Short Term Interest Rate Products Medium and Long Term Interest Rate Products 1 |
1,396 77 |
77 | 1,743 -19.9% -0.7% |
32,108 1,769 |
1,703 | 38,352 -16.3% 3.8% |
2,160 118 |
12.4% 17.2% |
557,330 30,322 |
13.3% 18.1% |
| Total Equity Products 2 | 1,766 | 2,148 -17.8% | 40,616 | 47,266 -14.1% | 2,396 | 16.6% | 618,226 | 17.5% | ||
| Individual Equity Products | 1,292 | 1,614 -19.9% | 29,725 | 35,502 -16.3% | 1,801 | 24.6% | 464,563 | 25.6% | ||
| Futures Options |
734 558 |
882 -16.7% 732 -23.7% |
16,883 12,841 |
19,397 -13.0% 16,105 -20.3% |
1,121 679 |
44.2% 1.8% |
289,334 175,229 |
45.4% 2.6% |
||
| Equity Index Products | 474 | 535 -11.4% | 10,892 | 11,763 | -7.4% | 596 | -2.4% | 153,663 | -1.7% | |
| of which Bclear | 903 | 1,102 -18.1% | 20,759 | 24,252 -14.4% | 1,321 | 29.6% | 340,840 | 30.6% | ||
| Individual Equity Products Futures |
809 733 |
970 -16.6% 880 -16.7% |
18,617 16,867 |
21,351 -12.8% 19,362 -12.9% |
1,227 1,117 |
38.4% 44.6% |
316,542 288,207 |
39.5% 45.8% |
||
| Options | 76 | 90 | -15.8% | 1,750 | 1,989 -12.0% | 110 | -3.9% | 28,335 | -3.2% | |
| Equity Index Products | 93 | 132 -29.4% | 2,142 | 2,901 -26.2% | 94 | -29.0% | 24,298 | -28.5% | ||
| Commodity Products | 64 | 45 | 41.4% | 1,464 | 990 | 47.8% | 65 | 36.3% | 16,679 | 37.4% |
| U.S. Derivatives Products | ||||||||||
| Equity Options 3 | ||||||||||
| NYSE Euronext Options Contracts Total Consolidated Options Contracts |
3,360 14,567 |
3,092 12,435 |
8.7% 17.1% |
73,926 320,466 273,562 |
68,020 | 8.7% 17.1% |
3,668 14,317 |
38.9% 7.2% |
924,379 3,607,981 |
38.9% 7.2% |
| NYSE Group Share of Total | 23.1% | 24.9% | 23.1% | 24.9% | 25.6% | 5.8% | 25.6% | 5.8% | ||
| NYSE Liffe U.S. | ||||||||||
| Futures and Futures Options Volume | 13.0 | 19.5 -33.1% | 286 | 428 -33.1% | 16.2 | -8.8% | 4,079.3 | -8.8% | ||
| European Cash Products (trades in thousands) | 1,228 | 1,087 | 12.9% | 28,235 | 23,916 | 18.1% | 1,462 | 6.8% | 377,122 | 7.7% |
| Equities | 1,177 | 1,041 13.1% | 27,079 | 22,903 18.2% | 1,403 | 7.1% | 361,870 | 7.9% | ||
| Exchange-Traded Funds Structured Products |
15 30 |
28 | 12 19.3% 6.7% |
334 692 |
267 24.8% 621 11.5% |
18 36 |
22.5% -6.0% |
4,540 9,231 |
23.5% -5.3% |
|
| Bonds | 6 | 6 | -0.3% | 130 | 125 | 4.2% | 6 | 1.0% | 1,481 | 1.8% |
| U.S. Cash Products (shares in millions) 5 | 2,007 | 2,319 | -13.5% | 44,148 51,011 | -13.5% | 2,596 | -20.9% | 654,149 | -20.9% | |
| NYSE Listed (Tape A) Issues 4 | ||||||||||
| Handled Volume 5 | 1,496 | 1,747 | -14.4% | 32,908 | 38,434 | -14.4% | 1,883 | -21.5% | 474,539 | -21.5% |
| Matched Volume 6 Total NYSE Listed Consolidated Volume |
1,419 4,050 |
1,621 4,443 |
-12.5% -8.8% |
31,224 89,092 |
35,669 97,737 |
-12.5% -8.8% |
1,769 4,871 |
-19.0% -14.3% |
445,700 1,227,390 |
-19.0% -14.3% |
| Share of Total Consolidated Volume | ||||||||||
| Handled Volume 5 | 36.9% | 39.3% | -2.4% | 36.9% | 39.3% | -2.4% | 38.7% | -3.5% | 38.7% | -3.5% |
| Matched Volume 6 | 35.0% | 36.5% | -1.5% | 35.0% | 36.5% | -1.5% | 36.3% | -2.1% | 36.3% | -2.1% |
| NYSE Arca & Amex (Tape B) Listed Issues | ||||||||||
| Handled Volume 5 | 266 | 308 | -13.7% | 5,855 | 6,786 | -13.7% | 385 | -25.0% | 97,069 | -25.0% |
| Matched Volume 6 Total NYSE Arca & Amex Listed Consolidated Volume |
240 1,045 |
271 1,191 |
-11.4% -12.2% |
5,273 22,998 |
5,954 26,208 |
-11.4% -12.2% |
346 1,454 |
-23.0% -22.9% |
87,252 366,527 |
-23.0% -22.9% |
| Share of Total Consolidated Volume | ||||||||||
| Handled Volume 5 | 25.5% | 25.9% | -0.4% | 25.5% | 25.9% | -0.4% | 26.5% | -0.7% | 26.5% | -0.7% |
| Matched Volume 6 | 22.9% | 22.7% | 0.2% | 22.9% | 22.7% | 0.2% | 23.8% | 0.0% | 23.8% | 0.0% |
| Nasdaq Listed (Tape C) Issues | ||||||||||
| Handled Volume 5 | 245 | 263 | -7.0% | 5,386 | 5,791 | -7.0% | 328 | -11.3% | 82,541 | -11.3% |
| Matched Volume 6 Total Nasdaq Listed Consolidated Volume |
211 1,688 |
215 1,830 |
-2.0% -7.7% |
4,636 37,140 |
4,731 40,256 |
-2.0% -7.7% |
277 2,192 |
-8.1% -2.0% |
69,756 552,422 |
-8.1% -2.0% |
| Share of Total Consolidated Volume | ||||||||||
| Handled Volume 5 | 14.5% | 14.4% | 0.1% | 14.5% | 14.4% | 0.1% | 14.9% | -1.6% | 14.9% | -1.6% |
| Matched Volume 6 | 12.5% | 11.8% | 0.7% | 12.5% | 11.8% | 0.7% | 12.6% | -0.9% | 12.6% | -0.9% |
| Exchange-Traded Funds 5,7 | ||||||||||
| Handled Volume 5 | 237 | 282 | -16.1% | 5,209 | 6,207 | -16.1% | 369 | -26.4% | 93,109 | -26.4% |
| Matched Volume 6 Total ETF Consolidated Volume |
214 948 |
250 1,121 |
-14.4% -15.5% |
4,710 20,852 |
5,499 24,670 |
-14.4% -15.5% |
333 1,426 |
-24.4% -24.7% |
83,854 359,458 |
-24.4% -24.7% |
| Share of Total Consolidated Volume Handled Volume 5 |
25.0% | 25.2% | -0.2% | 25.0% | 25.2% | -0.2% | 25.9% | -0.6% | 25.9% | -0.6% |
| Matched Volume 6 | 22.6% | 22.3% | 0.3% | 22.6% | 22.3% | 0.3% | 23.3% | 0.1% | 23.3% | 0.1% |
7 Data included in previously identified categories.
Source: NYSE Euronext, Options Clearing Corporation and Consolidated Tape as reported for equity securities.
3 Includes trading in U.S. equity options contracts, not equity-index options.
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.
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