Earnings Release • Jan 9, 2009
Earnings Release
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Jan. 9, 2009 – NYSE Euronext (NYX) today announced trading volumes for its global cash equities and derivatives exchanges for December 2008, as well as other business metrics. December 2008 trading volumes were characterized by strong year-over-year growth in U.S. cash trading, stable European cash trading volumes and lower futures and options trading volume across our U.S. and European derivatives platforms. For the full-year 2008, NYSE Euronext registered double-digit growth in trading volumes across U.S. and European cash and derivatives product areas.
Cash Trading
U.S. cash products average daily volume ("ADV") increased 30% to 3.3 billion shares2 .
European cash products ADV was stable with 1.2 million transactions2 .
• European cash trading activity qualifying for Pack Epsilon pricing represented 36% of total transactions executed.
European derivatives products ADV decreased 19% to 2.9 million futures and options contracts.
1 All comparisons versus December 2007 unless otherwise stated. 2
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.
• Total interest rate products ADV decreased 27% to 1.2 million contracts. Total equity products (including Bclear) ADV decreased 12% to 1.6 million contracts. Bclear, Liffe's trade administration and clearing service, processed 709 thousand contracts per day, a decrease of 21%.
U.S. equity options ADV decreased 10% to 1.6 million contracts.
U.S. cash products ADV increased 23% to 3.5 billion shares and European cash products ADV increased 23% to 1.6 million transactions.
European derivatives products ADV increased 10% to 4.1 million futures and options contracts. Total interest rate and equity products (including Bclear) ADV increased 7% and 15%, respectively. Bclear, Liffe's trade administration and clearing service, processed 746 thousand contracts per day, an increase of 55%. In 2008, over 1 billion contracts were traded on Liffe for the first time.
U.S. equity options ADV increased 36% to 1.8 million contracts.
The average EUR/USD exchange rate for the month of December 2008 and the fourth quarter of 2008 declined 7% and 9%, to \$1.352 and \$1.319, respectively, compared to December 2007 and the fourth quarter of 2007. The average GBP/USD exchange rate declined 26% and 23%, to \$1.482 and \$1.570, respectively, compared to December 2007 and the fourth quarter of 2007.
Please click here for the Monthly Transaction Activity Data Table.
NYSE Euronext (NYX) is the world's leading, most liquid and diverse exchange group. It offers a broad and growing array of financial products and services in cash equities, futures, options, exchange-traded products, bonds, market data, and commercial technology solutions, all designed to meet the evolving needs of issuers, investors and financial institutions. Spanning multiple asset classes and six countries, NYSE Euronext's exchanges include the New York Stock Exchange, Liffe, Euronext and NYSE Arca. With more than 6,500 listed issues, more than any other exchange group, trading on NYSE Euronext's equity markets represents more than one-third of the world's cash equities volume. NYSE Euronext also manages the leading European derivatives exchange by value of trading. NYSE Euronext is part of the S&P 500 index and the only exchange operator in the S&P 100 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
3 All comparisons versus full-year 2007 unless otherwise stated.
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 2007 ("document de référence") filed with the French Autorité des Marchés Financiers (Registered on May 15, 2008 under No. R. 08-054), 2007 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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