- Cash Equities Volumes: +39% in Europe, +24% in the U.S. y-t-d-
- Derivatives Volumes: +34% in Europe, +66% in the U.S. y-t-d-
- New NYSE Arca pricing leads to 1.2% market share gain of Nasdaq-listed issues in April-
May 5, 2008 – NYSE Euronext (NYX) reported strong transaction volume growth across most of its products and exchanges compared to the same period in 2007 and year-to-date.
Cash products:
· NYSE Euronext’s European cash exchanges experienced continued growth, with average daily volume of 1.4 million transactions[1] per day, up 17% compared to April 2007, and a total year-to-date volume increase of 39%. Additionally, Euronext registered strong growth in ETF transactions, with a year-to-date increase of 63% and monthly increase of 31% versus the same period in 2007.
· NYSE Euronext’s U.S. cash exchanges, the New York Stock Exchange and NYSE Arca, reported a total volume[2] increase of 24% in April, year-on-year. Total handled[3] volume also increased 7% during the month of April, compared to the same period last year. NYSE Euronext’s U.S. exchanges experienced gains across most product categories in April 2008, including 2.4% for NYSE listed issues, 107% in NYSE Arca and Amex listed issues, and 65% in ETFs compared to April 2007. Effective April 1, 2008, NYSE Arca reduced its fees, delivering the most competitive rates, including the highest rebate and the lowest “take” fee among major U.S. equity markets. This pricing change led to a matched market share gain of 1.2% in Nasdaq-listed issues compared to March 2008.
Derivatives products:
·NYSE Euronext’s derivatives trading operations on Liffe experienced its busiest April ever, with a 34% increase in total contracts traded year-to-date compared to the same period in 2007. In April, Liffe traded more than 97 million futures and options contracts, representing an average daily volume of 4.4 million, up 33% from the same month in 2007. BClear, Liffe’s wholesale service for OTC trades, set a new monthly trading record, processing over 20 million contracts in April 2008, up 85% compared to the same month last year. Trading in Liffe’s short-term interest rate (STIR) contracts increased by 60% on an average daily volume basis for the month of April 2008 year-on-year. For the year-to-date, STIR volumes were up 52% compared to the same period in 2007.
· Average daily volume on NYSE Arca Options increased 36% in April 2008, while total volume rose by 33% compared to the same month last year. NYSE Arca Options captured approximately 12% of the trading in all options in April 2008, including 16.4% year-to-date of all trading in the SEC Penny Pilot program.
Listings:
· In April, NYSE Euronext’s U.S. markets added 35 new listings which included four IPOs, representing approximately $2.7 billion raised. On April 28, NYSE-listed Anheuser-Busch opened for trading on NYSE Euronext’s Paris market under the ticker symbol “BUD”, as a cross-listing on NYSE Euronext's European markets, while continuing to trade on the NYSE, also under the symbol “BUD”. Also during April, NYSE Euronext announced the second Chinese company to list on its Alternext Paris market, Huacheng Real Estate (ALHUA), which followed Alternext's first Chinese listing in March.
· Listing activity of Exchange Traded Products on NYSE Euronext exchanges was strong in April 2008. During the month, NYSE listed one Structured Product while NYSE Arca listed 27 Exchange Traded Products, including nine Exchange Traded Funds and 18 Exchange Traded Notes. Additionally, Euronext listed nine new Exchange Traded Funds, bringing the total number of Exchange Traded Products listed on all NYSE Euronext markets to 617.
Note:
Based on fourth-quarter 2007 non-GAAP net revenues (excluding activity assessment fees, and liquidity payments, routing and clearing fees) NYSE Euronext revenues from its primary business activities are represented below as a percentage of total net revenues:
- Derivatives trading accounts for 23%
- European cash trading accounts for 19%
- U.S. cash trading accounts for 12%
- Market data accounts for 13%
- Listing accounts for 13%
- Software and technology services accounts for 14%
On April 30, 2008: €1 = $1.5642
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