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NYSE Euronext Reports Record Volumes for Cash & Derivatives Markets in 2007
added: 2007-12-28

NYSE Euronext (NYX) announced its preliminary year-end business highlights. Upon the April 4, 2007 closing of the merger between NYSE Group, Inc. and Euronext N.V., the resulting company NYSE Euronext began trading in Paris and New York under the ticker symbol NYX.

"NYSE Euronext's U.S. and European equities and derivatives exchanges experienced unprecedented growth in 2007," said NYSE Euronext CEO, Duncan Niederauer. "Led by Liffe, our European derivatives market, we established new records in trading volume while our equities markets experienced strong listing activity with $78/€53 billion in IPO proceeds raised, the most of any exchange group in the world. In addition to diversifying our business across product-lines and geographies, we have significantly improved the efficiencies, performance, and the competitive position of our trading and listing businesses across all of our markets."

Top Business Highlights for 2007

• As the world’s largest and most liquid exchange group with an average daily value of trading of $139 billion/€103 billion (through Sept. 30, 2007), NYSE Euronext was included in the S&P 500 and S&P 100 benchmark indices; NYX is the only exchange group included in the S&P 100.

Trading

• Liffe, the European derivatives trading platform for NYSE Euronext has traded over 920 million contracts year-to-date, making 2007 another record year for the business. August was the busiest month ever for Liffe and also the first time that more than a hundred million contracts have been traded on the exchange in a single month. In November Liffe’s pioneering Bclear service processed its 150 millionth contract. Bclear volumes are already more than double last year’s totals.

• Since its launch last year, NYSE Arca Options, NYSE Euronext’s U.S. options exchange, has quickly become the third largest options exchange in the U.S. for overall trading in equity options and for the SEC penny pilot options. With a new all-time record of 1.97 million equity options contracts executed daily on average in November, NYSE Arca Options also achieved a new record in overall share of trading, capturing 14.6% of all equity options contracts traded.

• NYSE Euronext’s U.S. equities exchanges, the NYSE and NYSE Arca, experienced record volumes in 2007 with more shares traded than any other exchange, registering seven of the top 10 new daily volume records, including the highest ever of 5.8 billion shares traded on Aug. 16, and the highest volume month, quarter and year in history. With overall average daily trading volume on the NYSE and NYSE Arca up nearly 54% through November, 2007 volumes were substantially higher in almost all product categories compared to 2006.

• In Europe, NYSE Euronext’s cash markets registered the third consecutive record year in 2007, with more than 300 million cash transactions1 at the end of November year-to-date, a 48.5% increase from 2006. In 2007, Euronext’s cash markets broke several significant records in respect of trading activity and systems’ capacity. 2.4 million transactions completed on Aug. 17 – the busiest day ever for Euronext’s markets, while November was the busiest month ever for Euronext’s cash markets with 33.6 million transactions completed.

Listings and IPOs

• Overall, NYSE Euronext was the world’s top exchange group measured by IPO proceeds with companies raising capital through public offerings on NYSE Euronext markets raising a total of $78/€53 billion in IPO proceeds (as of Nov. 30), including closed-end funds.

• Year-to-date 2007, NYSE Euronext’s U.S. exchanges have added 255 new listings, with IPOs by operating companies raising a total of $33.3/€23.1 billion in connection with listing, including $13.6/€9.4 billion by non-U.S. companies. The NYSE had a strong year attracting technology companies, earning 92% of IPO proceeds that qualify for an NYSE listing. Listings activity by non-US companies was also strong, with 41 new listings, including 20 from China.

• NYSE Euronext’s U.S. exchanges continue to be the leader in ETF trading with a record 93 listings in 2007. NYSE Arca ETF listings representing 67% of the total assets under management and 41% of ETF trading volume for all U.S. ETFs year-to-date.

• 132 companies made their market debut on NYSE Euronext’s European markets so far this year, with €9.7/$14.0 billion raised in connection with new listings and €210.4/$303.3 billion of additional market capitalization.

• Listings on NYSE Euronext’s Alternext market surpassed the 100 company mark this year, confirming the market’s role as a destination for small and mid-size companies. In total, 119 companies are listed today on Alternext, and these companies have raised a total of over €1.6/$2.3 billion (including funds raised on the secondary market) and their total market capitalization is €5.3/$7.6 billion.

• NextTrack, the Euronext market segment dedicated to ETFs, exceeded the 200 fund mark this year. Today, 228 ETFs are listed on Euronext, representing 185 indices. This segment has seen exceptional growth since the beginning of the year with a doubling of its business activity and nearly €350/$505 million handled daily on these products.

• NextWarrants, which includes warrants and certificates listed on Euronext, had a strong year with the number of trades from January to November 2007 rising 35% while the turnover in this period was up 46% compared to the same period in 2006, reaching €135/$195 million traded daily.


Source: Euronext

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