Global Derivatives ADV Down Year-over-Year but Up Sequentially
European and U.S. Cash Equities ADV Down Year-over-Year but Up Sequentially
October 9, 2013– NYSE Euronext (NYX) today announced trading volumes for its global derivatives and cash equities exchanges for September 2013[1]. Global derivatives average daily volume (“ADV”) of 6.5 million contracts, excluding Bclear in September 2013 decreased 7.5% compared to September 2012, but increased 12.7% from August 2013. U.S. equity options volumes in September 2013 decreased 11.7% compared to September 2012, but increased 8.8% sequentially. ADV in U.S. cash equities declined 9.3% year-over-year, but increased 13.1% month-over-month. European cash equities ADV in September 2013 decreased 5.8% compared to September 2012, but increased 4.8% from August 2013 levels.
Highlights
- NYSE Euronext global derivatives ADV in September 2013 of 6.5 million contracts, excluding Bclear, decreased 7.5% from September 2012, but increased 12.7% from August 2013 levels.
- NYSE Euronext European derivatives products ADV in September 2013 of 2.8 million contracts, excluding Bclear, decreased 1.4% compared to September 2012, but increased 16.4% from August 2013 levels. Including Bclear, NYSE Liffe’s trade administration and clearing service for OTC products, European derivatives ADV decreased 8.4% compared to September 2012, but increased 11.4% from August 2013.
- NYSE Euronext U.S. equity options (NYSE Arca and NYSE Amex Options) ADV of 3.6 million contracts in September 2013 decreased 11.7% compared to September 2012 levels, but increased 8.8% from August 2013 levels. NYSE Euronext’s U.S. options exchanges accounted for 25.5% of total U.S. consolidated equity options trading in September 2013, down from 26.0% in September 2012, but up from 25.3% in August 2013.
- NYSE Liffe U.S. ADV of approximately 73,700 contracts decreased from 83,700 contracts in September 2012, but increased from 31,400 contracts in August 2013.
- NYSE Euronext European cash products ADV of 1.3 million transactions in September 2013 decreased 5.8% compared to September 2012 but, increased 4.8% compared to August 2013.
- NYSE Euronext U.S. cash products (NYSE, NYSE Arca and NYSE MKT) handled ADV of 1.5 billion shares in September 2013 decreased 9.3% compared to September 2012, but increased 13.1% compared to August 2013. NYSE Euronext’s Tape A matched market share in September 2013 was 31.3%, up from 31.1% in September 2012 and up from 30.7% in August 2013.
| Trading Venue | 3Q12 | 2Q13 |
Preliminary 3Q13 |
|---|---|---|---|
| European Derivatives (ex. Bclear) 1 | $0.657 | $0.610 | $0.63 |
| U.S. Derivatives2 | $0.144 | $0.156 | $0.16 |
| European Cash3 | $0.537 | $0.562 | $0.54 |
| U.S. Cash4 | $0.040 | $0.047 | $0.048 |
1 Average net revenue per contract, excluding Bclear.
2 Average net revenue per contract. Excludes NYSE Liffe U.S. trading volume.
3 Average net revenue per transaction.
4 Average net revenue per 100 shares handled.
- The preliminary average net revenue per transaction type (as defined below) for each of the primary trading venues in the third quarter of 2013 is included below:
Other Metrics
- The average EUR/USD exchange rate for the third quarter of 2013 of $1.33 represented an increase of 1.5% from the second quarter of 2013 and an increase of 5.8% compared to the third quarter of 2012. The average GBP/USD exchange rate for the third quarter of 2013 of $1.55 represented a decrease of 1.0% from the second quarter of 2013 and a decrease of 1.9% compared to the third quarter of 2012.
Please click here for the Monthly Transaction Activity Data Table.
[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.