NYSE Euronext Announces Trading Volumes and Other Metrics for December 2009

European Derivatives Trading Volumes Increase 40.8% on Stronger Interest Rate Product Volumes Versus Prior Year;
NYSE Group U.S. Equity Options Volumes Increase 92.2% with Market Share of 24.9%…

NYSE Euronext (NYX) today announced trading volumes and other metrics for its global derivatives and cash equities exchanges for December 20091. Trading volumes in December 2009 were mixed, with European Derivatives volumes increasing 40.8% and U.S. options trading volumes increasing 92.2% versus prior year. U.S. and European cash equities trading volumes, however, declined 30.5% and 9.1%, respectively, from prior year levels.
 

Highlights

• NYSE Euronext European derivatives products average daily volume (“ADV”) in December 2009 of 4.0 million contracts increased 40.8% compared to December 2008, but decreased 6.8% from November 2009. Total European interest rate products ADV in December 2009 of 1.8 million contracts increased 51.8% compared to December 2008, but decreased 21.5% from November 2009. Total equity products ADV of 2.1 million contracts in December 2009 increased 33.1% compared to December 2008, and increased 10.6% from November 2009.
• NYSE Group U.S. equity options (NYSE Arca and NYSE Amex) ADV of 3.1 million contracts in December 2009 increased 92.2% compared to December 2008 levels and increased 3.0% from November 2009. NYSE Group’s U.S. options exchanges accounted for 24.9% of the total consolidated equity options trading in December 2009, up from 17.4% in December 2008 and 24.7% in November 2009. December 2009 represented the fourth consecutive monthly increase in market share across NYSE Group U.S. equity options exchanges.
• NYSE Euronext European cash products ADV of 1.1 million transactions in December 2009 decreased 9.1% compared to December 2008, and decreased 17.7% from November 2009.

• NYSE Group (NYSE, NYSE Arca and NYSE Amex) U.S. cash products handled ADV of 2.3 billion shares in December 2009 decreased 30.5% compared to December 2008 and decreased 5.7% compared to November 2009. NYSE Group matched share of all U.S. equity trading volume was 28.2% in December 2009 and compared to matched market share of 22.0% for our next largest competitor. NYSE Groupfs Tape A matched market share in December 2009 was 36.5%, down slightly from November 2009 levels.
– There were a total of 22 trading days in Europe and 22 trading days in the U.S. in December 2009, compared to 21 trading days in Europe and 22 trading days in the U.S. in December 2008.
 

Derivatives Trading
 

European Derivatives
– NYSE Euronext European derivatives products ADV in December 2009 was 4.0 million futures and options contracts, an increase of 40.8% from December 2008, and a decrease of 6.8% from November 2009. The 4.0 million in futures and options contracts ADV in December 2009 consisted of 2.9 million contracts executed through our full 1)service LIFFE CONNECT trading platform and 1.1 million, or 27.5%, executed through Bclear, NYSE Liffe’s trade administration and clearing service for OTC products.
– In the fourth quarter of 2009, European derivatives products ADV was 4.1 million contracts, 10.1% above the fourth quarter of 2008. The 4.1 million in futures and options contracts ADV in the fourth quarter of 2009 consisted of 3.2 million contracts executed through LIFFE CONNECT and 0.9 million contracts, or 21.4%, executed through Bclear. For the full]year 2009, European derivatives products ADV of 4.1 million contracts was 0.6% above 2008 levels.
– Total interest rate products ADV of 1.8 million contracts in December 2009 increased 51.8% from December 2008, but decreased 21.5% from November 2009. In the fourth quarter of 2009, interest rate products ADV of 2.0 million contracts was up 17.5% from the fourth quarter of 2008. For the full]year 2009, total interest rate products ADV of 2.0 million contracts decreased 6.7% compared to full]year 2008.
– Total equity products (including Bclear) ADV of 2.1 million contracts in December 2009 increased 33.1% compared to December 2008, and increased 10.6% compared to November 2009. In the fourth quarter of 2009, total equity products ADV of 2.0 million contracts, including 1.1 million contracts executed through LIFFE CONNECT, was 3.3% above the 1.9 million contracts executed in the fourth quarter of 2008, which included 1.2 million contracts executed through LIFFE CONNECT. For the full]year 2009, total equity products ADV increased 9.3% compared to 2008 driven primarily by a 36.7% increase in volume executed through Bclear.
 

U.S. Derivatives

– NYSE Group U.S. equity options (NYSE Arca and NYSE Amex) ADV of 3.1 million contracts in December 2009 increased 92.2% compared to December 2008, and increased 3.0% compared to November 2009. In the fourth quarter of 2009, NYSE group U.S. equity options ADV of 3.1 million contracts increased 49.3% compared to the fourth quarter of 2008. For the full]year 2009, NYSE Group U.S. equity options volume of 2.6 million contracts was 44.9% above the prior year period driven primarily by the addition of the former Amex options business.

-Total U.S. consolidated options ADV increased 34.4% to 12.4 million contracts in December 2009 compared to December 2008 and increased 2.4% compared to November 2009. In the fourth quarter of 2009, U.S. consolidated options ADV of 12.9 million contracts increased 7.8% compared to the fourth quarter of 2008. For the full]year 2009, U.S. consolidated options ADV of 13.4 million contracts was 2.9% above full]year 2008 levels.
– NYSE Group’s U.S. options exchanges accounted for 24.9% of the total consolidated equity options trading in December 2009, up from 17.4% in December 2008, and 24.7% in November 2009. December 2009 represented the fourth consecutive monthly increase in market share across NYSE Group U.S. options exchanges.
– NYSE Euronext U.S. futures and futures options (NYSE Liffe U.S.) ADV in December 2009 was approximately 20,000 contracts compared to 22,000 contracts in November 2009.
 

Cash Trading
 

European Cash
– NYSE Euronext European cash products ADV of 1.1 million transactions in December 2009 decreased 9.1%, compared to December 2008, and decreased 17.7% compared to November 2009. In the fourth quarter of 2009, European cash products ADV of 1.3 million transactions decreased 18.0% compared to the fourth quarter of 2008. For the full]year 2009, European cash products ADV of 1.4 million transactions was 11.8% below full]year 2008 levels.

U.S. Cash
– NYSE Group U.S. cash products handled ADV in December 2009 decreased 30.5% to 2.3 billion shares, compared to December 2008, and decreased 5.7% from November 2009. In the fourth quarter of 2009, handled ADV of 2.6 billion shares was 37.1% below the fourth quarter of 2008. For the full]year 2009, NYSE Group handled ADV of 3.3 billion shares was 7.2% below full]year 2008 levels. NYSE Group matched share of all U.S. equity volume in December 2009 was 28.2%.
– NYSE Group’s Tape A matched market share in December 2009 was 36.5%, down from 36.8% in November 2009, and compared to matched market share of 17.5% for our next largest competitor. The market share representing off]exchange trades reported to the Trade Reporting Facilities of FINRA increased 250 basis points from November to December, while NYSE Groupfs market share declined only 30 basis points. Tape A matched market share for NYSE Classic was 26.0% in December 2009, above the 25.7% market share reported in November 2009 and above the 25.0% monthly average recorded in 2009.
-Designated Market Maker (DMMh) participation in December 2009 was 8.3%, compared to 8.6% in November 2009. Supplemental Liquidity Provider (SLP)participation in December 2009 was 10.3%, compared to 11.8% in November 2009. DMM and SLP participation pertain only to trading on NYSE.

Exchange Traded Products
• NYSE Group matched exchange‐traded products ADV (included in volumes for Tape B and Tape C) of 250 million shares in December 2009 decreased 51.0% compared to December 2008, and decreased 19.6% compared to November 2009. In the fourth quarter of 2009, matched exchange‐traded products ADV of 302 million shares was 53.3% below the fourth quarter of 2008. For the full‐year 2009, exchange‐traded products matched ADV of 440 million shares was 2.1% below the full‐year 2008.

Other Metrics
• The average EUR/USD exchange rate for the fourth quarter of 2009 of $1.48 represented an increase of 3.2% from the third quarter of 2009 and an increase of 11.9% compared to the fourth quarter of 2008. For the full‐year 2009, the average EUR/USD exchange rate of $1.39 was 5.2% below full‐year 2008.
• The average GBP/USD exchange rate for the fourth quarter of 2009 of $1.63 represented a decrease of 0.5% from the third quarter of 2009, but an increase of 4.0% compared to the fourth quarter of 2008. For the full‐year 2009, the average GBP/USD exchange rate of $1.57 was 15.5% below full‐year 2008.

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.

Source: ETFWorld – Euronext