Regulatory Filings • Aug 7, 2009
Regulatory Filings
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U.S. and European Cash Trading Volumes Decline in July Versus Robust 2008 Levels; U.S. Options up 28.9% and European Derivatives up 4.0%; Year-to-Date U.S. Cash Trading Volumes Remain 11.9% Above Prior Year Period
August 7, 2009 – NYSE Euronext (NYX) today announced trading volumes for its global cash equities and derivatives exchanges for July 20091. Trading volumes in July 2009 were mixed, with year-over-year growth in U.S. options and European derivatives and declines in U.S. and European cash trading volume driven by a seasonally slower July 2009, a decrease in volatility and unseasonally strong volumes in July 2008. Year-to-date U.S. cash volumes remain 11.9% above the prior year period.
1 Euronext equities transactions count each buy and sell order as separate transactions, NYSE Group equities transactions count buy and sell orders together as a single transaction. All NYSE Euronext derivatives transactions count buy and sell orders together as a single transaction. Prior year period does not include the former Amex equities and options businesses.
NYSE Group U.S. cash products handled ADV in July 2009 decreased 24.3% to 2.8 billion shares, compared to July 2008 and decreased 12.2% from June 2009. U.S. cash products ADV in July 2008 was the 5th highest trading month in 2008. Year-to-date, NYSE Group handled ADV of 3.7 billion shares was 11.9% above the same period last year. NYSE Group matched share of all U.S. equity volume in July 2009 was 28.3%, compared to 22.1% for our next largest competitor. Consolidated Tape A and Tape B trading volume in July accounted for approximately 75% of all Consolidated Tape trading in the U.S. market which includes trade reporting facility ("TRF") volumes.
NYSE Group matched exchange-traded products ADV (included in volumes from Tape B and Tape C noted above) decreased 24.0% to 356 million shares in July 2009. Year-to-date, matched exchange-traded products ADV was 50.0% above the prior year period.
NYSE Euronext European cash products ADV of 1.2 million transactions in July 2009 decreased 23.9%, compared to July 2008 and decreased 10.3% compared to June 2009. European cash products ADV in July 2008 was the 4th highest trading month in 2008. Year-to-date, European cash products ADV of 1.4 million transactions was 9.3% below the same period last year.
NYSE Euronext European derivatives products ADV in July 2009 was 3.6 million futures and options contracts, an increase of 4.0% from July 2008, but down 22.8% from the 4.6 million contracts recorded in June 2009. The 3.6 million in futures and options contracts ADV in July 2009 consisted of 2.5 million contracts executed through our full-service LIFFE CONNECT trading platform and a total of 1.1 million contracts executed through Bclear, NYSE Liffe's trade administration and clearing service for OTC products. Year-todate European derivatives products ADV of 4.2 million contracts was 2.7% below prior year levels.
NYSE Euronext's U.S. equity options (NYSE Arca and NYSE Amex) ADV in July 2009 increased 28.9% to 2.4 million contracts compared to July 2008, but decreased 11.5% compared to June 2009. Total U.S. consolidated options ADV decreased 15.4% to 13.0 million contracts in July 2009, and decreased 3.4% from June 2009. Year-to-date, U.S. equity options volume of 2.4 million contracts was 39.4% above the prior year period. NYSE Euronext's U.S. options exchanges accounted for 18.8% of the total consolidated equity options trading in July 2009, up from 12.3% in June 2008, but down from the 20.5% in June 2009. July 2009 market share benefited from new pricing implemented July 1 and helped offset a decline in market share driven by a drop-off in seasonally higher levels of institutional flow experienced in June 2009.
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 more than 8,000 listed issues, NYSE Euronext's equities markets -- the New York Stock Exchange, Euronext, NYSE Arca and NYSE Amex -- represent nearly 40 percent of the world's equities trading, the most liquidity of any global exchange group. NYSE Euronext also operates NYSE Liffe, the leading European derivatives business 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: 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 reference document for 2008 ("document de référence") filed with the French Autorité des Marchés Financiers (Registered on April 28, 2009 under No. R. 09-031), 2008 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.
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