• NYSE, NYSE Arca and NYSE Amex (“NYSE Group”) U.S. cash products handled ADV in August 2009 increased 6.4% and 3.9% compared to August 2008 and July 2009, respectively, and increased 11.3% year-to-date. NYSE Group matched share of all U.S. equity trading volume in August 2009 was 27.3%, compared to matched market share of 21.1% for our next largest competitor.
• NYSE Euronext is the largest exchange operator in the two fastest growing tapes in the U.S. equity markets. Year-to-date, total Tape A and Tape B consolidated ADV increased a combined 43.2%, compared to the prior year period, while Tape C consolidated ADV has increased only 2.3% during the same period.
• NYSE Euronext European cash products ADV of 1.3 million transactions in August 2009 increased 5.3% and 10.1% compared to August 2008 and July 2009, respectively. Year-to-date transactions of 1.4 million were 7.8% below the same period last year.
• NYSE Euronext European derivatives products ADV in August 2009 was 3.5 million contracts, up 15.9% from August 2008, and down 1.7% from July 2009. Total interest rate products ADV was 1.9 million contracts, up 12.0% compared to August 2008 and total equity products ADV of 1.6 million contracts increased 21.8% from 1.3 million contracts.
• NYSE Euronext U.S. equity options ADV of 2.3 million contracts in August 2009 increased 66.9% compared to August 2008 levels, but decreased 5.5% from July 2009. The increase in ADV year-over-year was driven mostly by the addition of the former Amex options business.
Cash Trading
U.S. Cash[/]
NYSE Group U.S. cash products handled ADV in August 2009 increased 6.4% to 2.9 billion shares, compared to August 2008 and increased 3.9% from July 2009. Year-to-date, NYSE Group handled ADV of 3.6 billion shares was 11.3% above the same period last year. NYSE Group matched share of all U.S. equity volume in August 2009 was 27.3%, compared to matched market share of 21.1% for our next largest competitor. Consolidated Tape A and Tape B trading volume in August accounted for approximately 77% of all Consolidated Tape trading in the U.S. market which includes trade reporting facility (“TRF”) volumes.
[b]NYSE-listed (Tape A)
• Total Tape A consolidated ADV in August 2009 increased 35.7% to 5.9 billion shares compared to 4.3 billion shares in August 2008 and increased 15.9% compared to July 2009. Year-to-date, total Tape A consolidated ADV of 6.0 billion shares was 32.9% above the prior year period.
• Tape A matched ADV of NYSE Group in August 2009 increased 9.3% to 2.0 billion shares compared to August 2008 and 6.8% compared to July 2009. Year-to-date, NYSE Group matched ADV in Tape A increased 9.5% compared to the prior year period.
• NYSE Group’s Tape A matched market share in August 2009 was 33.8%, down from 36.6% in July 2009, and compared to matched market share of 16.5% for our next largest competitor. The decline in market share in August 2009 was driven in part by a significant increase in TRF executed volume in the top-10 most actively traded stocks which represented approximately 39% of Tape A consolidated activity, up from approximately 26% in July 2009. Excluding the impact of the volume of the top-10 most actively traded stocks, Tape A matched market share would have been 39.4% in July and 39.1% in August. Largely as a result of the activity in these top-10 stocks, TRF market share across Tape A increased 370 basis points in August 2009 to 37.6% and up from 25.0% in December 2008.
• Designated Market Maker (“DMM”) participation in August 2009 was 8.8%, compared to 8.7% in July 2009. Supplemental Liquidity Provider (“SLP”) participation in August 2009 was 7.6%, compared to 7.7% in July 2009. DMM and SLP participation pertain only to trading on NYSE.
NYSE Arca and NYSE Amex-listed (Tape B)
• Total Tape B consolidated ADV in August 2009 increased 25.1% to 1.5 billion shares compared to August 2008 and decreased 3.8% compared to July 2009. Year-to-date, total Tape B consolidated ADV of 2.1 billion shares was 81.5% above the prior year period.
• NYSE Group’s matched ADV of Tape B in August 2009 increased 11.5% to 349 million shares compared to August 2008 and declined 2.8% compared to July 2009. Year-to-date, NYSE Group Tape B matched ADV was 55.3% above the prior year period.
• Tape B matched market share of NYSE Group in August 2009 was 23.3%, up from 23.1% in July 2009, compared to matched market share of 24.2% for our next largest competitor. TRF market share across Tape B increased in August 2009 to 34.8% from 21.5% in December 2008.
Nasdaq-listed (Tape C)
• Total Tape C consolidated ADV in August 2009 increased 13.5% to 2.2 billion shares, compared to 1.9 billion shares in August 2008. Tape C consolidated volumes represented approximately 23% of all Consolidated Tape trading in the U.S. in August 2009. Year-to-date, total Tape C consolidated ADV was 2.3% above the prior year period.
• NYSE Group’s matched ADV of Tape C decreased 14.7% to 271 million shares in August 2009 compared to 318 million shares in August 2008 and decreased 4.9% compared to July 2009. Year-to-date, NYSE Group’s Tape C matched ADV decreased 13.6% to 321 million shares.
• NYSE Group’s Tape C matched market share decreased to 12.6% from 12.9% in August 2009, compared to matched market share of 31.8% for our nearest competitor, down from 33.1% in July. TRF market share across Tape C increased in August 2009 to 40.2% from 29.9% in December 2008.
Exchange Traded Products
• NYSE Group matched exchange-traded products ADV (included in volumes from Tape B and Tape C noted above) was flat in August 2009 compared to the prior year period at 332 million shares. Year-to-date, matched exchange-traded products ADV was 44.1% above the prior year period.
European Cash
NYSE Euronext European cash products ADV of 1.3 million transactions in August 2009 increased 5.3%, compared to August 2008 and increased 10.1% compared to July 2009. Year-to-date, European cash products ADV of 1.4 million transactions was 7.8% below the same period last year.
Derivatives Trading
European Derivatives
NYSE Euronext European derivatives products ADV in August 2009 was 3.5 million futures and options contracts, an increase of 15.9% from August 2008, but down 1.7% from the 3.6 million contracts recorded in July 2009. The 3.5 million in futures and options contracts ADV in August 2009 consisted of 2.8 million contracts executed through our full-service LIFFE CONNECT trading platform and a total of 0.6 million, or 18.4%, of the contracts executed through Bclear, NYSE Liffe's trade administration and clearing service for OTC products. Year-to-date European derivatives products ADV of 4.1 million contracts was 1.1% below prior year levels.
• Total interest rate products ADV increased 12.0% to 1.9 million contracts from 1.7 million contracts in August 2008 and increased 17.9% from July 2009. Year-to-date, total interest rate products ADV decreased 14.4% compared to the prior year period.
• Total equity products (including Bclear) ADV increased 21.8% to 1.6 million contracts from August 2008 and decreased 17.7% compared to July 2009. Total equity products ADV in August executed through our full-service LIFFE CONNECT trading platform was 0.9 million contracts, in-line with the prior year period. Year-to-date total equity products ADV increased 16.6% above the prior year period.
U.S. Derivatives
NYSE Euronext’s U.S. equity options (NYSE Arca and NYSE Amex) ADV in August 2009 increased 66.9% to 2.3 million contracts compared to August 2008, but decreased 5.8% compared to July 2009. Total U.S. consolidated options ADV increased 10.5% to 12.7 million contracts in August 2009, and decreased 2.1% from July 2009. Year-to-date, U.S. equity options volume of 2.4 million contracts was 42.2% above the prior year period. NYSE Euronext’s U.S. options exchanges accounted for 18.2% of the total consolidated equity options trading in August 2009, up from 12.0% in August 2008, but down from the 18.8% in July 2009.
