The FINANCIAL — NYSE Euronext (NYX) on March 9 announced trading volumes for its global cash equities and derivatives exchanges for February 2009.
NYSE Euronext U.S. cash products handled average daily volume (“ADV ”) increased 31.4% to 4.1 billion shares.
Total NYSE-listed (Tape A) consolidated ADV increased 59.1% to 6.3 billion shares. Year-to-date, Tape A consolidated ADV is 30.2% above the prior year period.
NYSE-listed matched volume (Tape A) increased 26.8% to 2.6 billion shares.
Tape A matched market share was 42.1%, compared to 42.3% in January 2009 and up from a low of 41.9% in August 2008.
Designated Market Maker (DMM ) participation in February 2009 was 9.8%, up from 8.9% in January 2009 and up from 3.6% in September 2008 before the implementation of the new market model in October 2008.
Total NYSE Arca and NYSE Amex-listed consolidated ADV (Tape B) increased 141.4% to 2.4 billion shares. Year-to-date, total Tape B consolidated ADV is 94.9% above the prior year period.
NYSE’s matched volume of Tape B increased 106.0% to 615 million shares.
Total Nasdaq-listed (Tape C) consolidated ADV decreased 1.8% to 2.3 billion shares. Year-to-date, total Tape C consolidated ADV is 13.8% below the prior year.
NYSE’s matched volume of Tape C decreased 3.9% to 360 million shares.
Tape C matched market share decreased to 15.6%, compared to 15.8% in January 2009 and 16.0% in February 2008.
NYSE Euronext matched exchange-traded funds volume (included in the trading volume numbers above) increased 97.3% to 626 million shares.
NYSE Euronext matched European cash products ADV in February 2009 decreased 0.7% to 1.3 million transactions2, compared to January 2009 and was below the 1.5 million transactions recorded in February 2008.
NYSE Euronext European derivatives products ADV was 3.4 million futures and options contracts, a decrease of 22.2% from February 2008, primarily driven by a decline in interest rate trading volume. Year-to-date ADV of 3.6 million contracts was below the prior year period, but in line with ADV of 3.7 million contracts recorded in the fourth quarter of 2008.
Total interest rate products ADV decreased 29.3% to 1.8 million contracts from 2.6 million contracts in February 2008.
Total equity products (including Bclear) ADV decreased 11.0% to 1.5 million contracts. Bclear, NYSE Liffe's trade administration and clearing service, processed 507 thousand contracts per day, a decrease of 19.0%. Year-to-date, Bclear has processed 646 thousand contracts per day, a 27.6% increase over the prior year period. The decrease in February 2009 was driven by a 29% decline in individual equity products, specifically single stock options and futures, partially offset by a 44.8% increase in equity index products.
NYSE Euronext U.S. equity options ADV increased 36.9% to 2.2 million contracts. Total U.S. consolidated options ADV increased 11.8% to 12.6 million contracts. NYSE Euronext’s U.S. options exchanges (NYSE Arca and NYSE Amex) accounted for 17.3% of the total consolidated equity options trading in February, in-line with 17.4% in January 2009 and up from 14.1% in February 2008.