NYSE Euronext trading volumes hit by Hurricane Sandy
The industry decision to close the US markets for two trading days due to Hurricane Sandy resulted in a nine per cent decrease in the number of trading days in October 2012 for NYSE Euronext’s US cash equity and equity options markets.
The closure of these markets also impacted trading on NYSE Euronext’s European derivatives and European cash trading venues, which remained open.
European derivatives and European cash average daily trading volumes declined 44 per cent and 41 per cent, respectively, during the closure of the US markets with some residual impact after the markets reopened. October 2011 trading volumes benefited from higher levels of market volatility driven by the sovereign debt crisis in Europe and the debt ceiling issue in the US.
NYSE Euronext European derivatives products ADV in October 2012 of 3.1 million contracts decreased 8.0 per cent compared to October 2011 and decreased 9.1 per cent from September 2012 levels.
The 3.1 million in European derivatives futures and options contracts ADV in October 2012 consisted of 2.3 million contracts executed through our full-service Liffe Connect trading platform and 0.8 million contracts, or 26.8 per cent, executed through Bclear, NYSE Liffe's trade administration and clearing service for OTC products.
Year-to-date, European derivatives products ADV of 3.7 million contracts was 19.7 per cent below prior year levels. The 3.7 million in futures and options contracts ADV year-to-date consisted of 2.7 million contracts executed through Liffe Connect trading platform and 1.1 million contracts, or 28.3 per cent, executed through Bclear.
Total fixed income products ADV of 1.5 million contracts in October 2012 decreased 19.9 per cent from October 2011 and decreased 23.8 per cent from September 2012. Year-to-date, total fixed income products ADV of 1.8 million contracts was 24.0 per cent below prior year levels.
Total equity products (including Bclear) ADV of 1.5 million contracts in October 2012 increased 5.4 per cent compared to October 2011, and increased 10.9 per cent from September 2012. The 1.5 million contracts in equity products ADV in October 2012 consisted of 1.1 million contracts in individual equity products ADV and 0.4 million contracts in equity index products ADV. The 1.1 million contracts in individual equity products ADV consisted of 0.7 million in futures contracts, which represented a 98.5 per cent increase compared to October 2011 and 0.4 million in options contracts, which represented a 27.6 per cent decrease compared to October 2011. Year-to-date, total equity products ADV of 1.8 million contracts was 16.0 per cent below prior year levels.
Total commodities products ADV of approximately 106,000 contracts in October 2012 increased 32.9 per cent compared to October 2011 and increased 12.6 per cent compared to September 2012. Year-to-date, total commodities product ADV of 89,000 contracts was 6.8 per cent above prior year levels.
NYSE Euronext US equity options ADV of 4.0 million contracts in October 2012 decreased 13.7 per cent compared to October 2011 and decreased 2.0 per cent compared to September 2012. Year-to-date, US equity options ADV of 3.9 million contracts was 13.3 per cent below prior year levels.
Total US consolidated equity options ADV decreased 17.2 per cent to 14.2 million contracts in October 2012 compared to October 2011 and decreased 10.5 per cent compared to September 2012. Year-to-date, US consolidated equity options ADV of 14.8 million contracts was 13.9 per cent below prior year levels.
NYSE Euronext’s US options exchanges accounted for 28.5 per cent of total US consolidated equity options trading in October 2012, a new market share record high, up from 27.3 per cent in October 2011 and up from 26.0 per cent in September 2012. NYSE Amex equity options registered record market share of 17.6 per cent, up from 15.6 per cent in October 2011 and up from 14.6 per cent in September 2012.
NYSE Liffe US ADV of approximately 43,700 contracts decreased 54.3 per cent from 95,600 contracts in October 2011, and decreased 47.8 per cent from 83,700 contracts in September 2012. Year-to-date, US futures and futures options ADV of 74,900 contracts was 5.8 per cent below prior year levels.
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