news tools featurestories events wallsttech insurancetech banksystech
NYSE Euronext Reports May 2009 Trading Volumes
European Derivatives ADV Rise 28.4 Percent, Fueled by Blcear OTC volumes
By Ivy Schmerken
June 05, 2009

NYSE Euronext Group reported double-digit volume growth across its global trading venues for May 2009, citing record growth in European derivatives trading volume due to its Bclear OTC Service.

NYSE Group U.S. cash products (including NYSE, NYSE Arca and NYSE Amex) handled average daily volume (ADV) increased 40.4 percent to 3.8 billion shares, compared to May 2008, but decreased 1.8 percent from April 2009.

NYSE Group matched market share of all US equity trading volume in May 2009 was 30.1 percent, compared to market share of 20.7 percent for its nearest competitor, (The Nasdaq Stock Market), according to the release.

NYSE Group's matched market share in Tape A (NYSE-listed stocks) increased 39.7 percent to 2.5 billion shares, compared to 1.8 billion shares in May 2008, but declined 1.6 percent compared to April 2009. NYSE Group's matched market share in May was 38.9 percent, compared to market share of 15.7 percent for its largest competitor, said the exchange operator. TRF (Trade Reporting Facility) market share across Tape A increased in May 2009 to 33.2 percent from 25 percent in December 2008.

In NYSE Arca and NYSE Amex-listed (Tape B) shares, consolidated ADV in May 2009 increased 173 percent to 2.4 billion shares compared to 882 million shares in May 2008, and increased 1.6 percent, compared to April 2009.

However, NYSE's matched ADV of Nasdaq-listed Tape C stocks decreased 6.5 percent to 337 million shares in May 2009, compared to 360 million shares in May 2008. Year-to-date, NYSE Group's matched ADV decreased 9.6 percent to 343 million shares. NYSE Group's matched market share was 13.9 percent, compared to 32.7 percent for its nearest competitor, Nasdaq.

NYSE Euronext matched European cash products ADV in May 2009 increased 14.6 percent to 1.5 million transactions, compared to May 2009 but decreased 6.8 percent from April 2009 levels. Year-to-date ADV of 1.4 million transactions was 6.0 percent below the same period last year.

In European derivatives trading, NYSE Euronext products ADV in May 2009 was a record 5.6 million futures and options contracts, an increase of 28.4 percent from May 2009 and up 24.6 percent from the 4.5 million contracts recorded in April 2009. Of the total 5.6 million contracts traded, 4.3 million were executed via the Connect trading platform and a total of 2.4 million contracts were executed through Bclear, NYSE Liffe's trade administration and clearing service for OTC products.

In US equity options, NYSE Euronext's (NYSE Arca and NYSE Amex) ADV in May 2009 increased 73.4 percent to 2.5 million contracts compared to May 2008), and increased 2.5 percent compared to April 2009. NYSE Euronext's US options exchanges accounted for 17.1 percent of the total consolidated equity options trading in May 2009, up from 12.4 percent in May 2009, and up from the 17 percent in April 2009.



PRINT THIS ARTICLE
E-MAIL THIS ARTICLE







We've got some great Web events coming up, hosted by editors in the FinanceTech network. They're informative, industry-focused, and free to attend. Sign up for the real-time eventŭin order to ask questions, or just browse through our library of past Web eventsŭto bolster your knowledge of banking.