NYSE EURONEXT 
By NYSE Euronext Announces Trading Volumes for December 2011 and Other Metrics
Global Derivatives ADV Up 12% Year-over-Year; U.S. Equity Options ADV Up 17%
NYSE Liffe U.S. Crosses One Million Contracts in Total Exchange Open Interest
European Cash ADV Up 9%; U.S. Cash ADV Down 11%
#ftn1. Global derivatives average daily volume ("ADV") of 7.5 million contracts in December 2011 increased 11.8% versus the prior year with U.S. equity options increasing 17.1%. Cash equities ADV in December 2011 were mixed, with European cash trading ADV increasing 9.0% and U.S. cash trading ADV decreasing 10.6% from December 2010 levels.
Highlights
NYSE Euronext global derivatives ADV in December 2011 of 7.5 million contracts increased 11.8% compared to December 2010, but decreased 10.1% from November 2011 levels.
NYSE Euronext European derivatives products ADV in December 2011 of 3.4 million contracts increased 4.2% compared to December 2010, but decreased 13.4% from November 2011 levels. Excluding Bclear, NYSE Liffe's trade administration and clearing service for OTC products, European derivatives products ADV decreased 8.3% compared to December 2010 and decreased 29.5% from November 2011.
NYSE Euronext U.S. equity options (NYSE Arca and NYSE Amex) ADV of 3.9 million contracts in December 2011 increased 17.1% compared to December 2010 levels, but decreased 7.3% from November 2011. NYSE Euronext's U.S. options exchanges accounted for 27.7% of total U.S. consolidated equity options trading in December 2011, up from 23.1% in December 2010, but down from a record 28.1% in November 2011.
NYSE Liffe U.S. ADV of approximately 89,600 contracts increased from 13,000 contracts in December 2010 and increased from 88,500 contracts in November 2011.
NYSE Liffe U.S. reached one million lots in total Exchange Open Interest in December 2011, less than one year after introducing its suite of interest rate futures contracts, underscoring the liquidity across asset classes and continued high levels of customer participation. Open interest market share in Eurodollar futures represented 10% of open interest traded on our nearest competitor.
NYSE Euronext European cash products ADV of 1.3 million transactions in December 2011 increased 9.0% compared to December 2010, but decreased 19.9% from November 2011 levels.
NYSE Euronext U.S. cash products (NYSE, NYSE Arca and NYSE Amex) handled ADV of 1.8 billion shares in December 2011 decreased 10.6% compared to December 2010 and decreased 14.9% compared to November 2011. NYSE Euronext's Tape A matched market share in December 2011 was 33.4%, down from 35.0% in December 2010 and down from 34.1% in November 2011.
There were a total of 21 trading days in Europe and the U.S. in December 2011 compared to 23 trading days in Europe and 22 trading days in the U.S. in December 2010.
The preliminary average net revenue per transaction type (as defined below) for each of the primary trading venues in the fourth quarter of 2011 is included below:
Derivatives Trading
European Derivatives
NYSE Euronext European derivatives products ADV in December 2011 was 3.4 million futures and options contracts, an increase of 4.2% from December 2010, but a decrease of 13.4% from November 2011.
The 3.4 million in European derivatives futures and options contracts ADV in December 2011 consisted of 2.2 million contracts executed through our full-service LIFFE CONNECT trading platform and 1.2 million contracts, or 36.0%, executed through Bclear, NYSE Liffe's trade administration and clearing service for OTC products. Excluding Bclear, European derivatives products ADV decreased 8.3% compared to December 2010 and decreased 29.5% from November 2011.
In the fourth quarter of 2011, European derivatives products ADV of 3.6 million contracts was 3.3% below prior year levels. The 3.6 million in futures and options contracts ADV in the fourth quarter of 2011 consisted of 2.7 million contracts executed through LIFFE CONNECT trading platform and 0.9 million contracts, or 24.0%, executed through Bclear. Excluding Bclear, European derivatives products ADV in the fourth quarter of 2011 decreased 4.5% compared to the prior year period.
For the full-year 2011, European derivatives products ADV of 4.5 million contracts was 5.7% below prior year levels. The 4.5 million in futures and options contracts ADV For the full-year 2011 consisted of 3.3 million contracts executed through the LIFFE CONNECT trading platform and 1.1 million contracts, or 25.5%, executed through Bclear.
Total fixed income products ADV of 1.4 million contracts in December 2011 decreased 8.2% from December 2010 and decreased 36.7% from November 2011. In the fourth quarter of 2011, total fixed income products ADV of 1.8 million contracts was 0.9% below prior year levels. For the full-year 2011, total fixed income products ADV of 2.3 million contracts was 1.2% below prior year levels.
Total equity products (including Bclear) ADV of 2.0 million contracts in December 2011 increased 14.4% compared to December 2010 and increased 14.2% from November 2011. The 2.0 million contracts in equity products ADV consisted of 1.5 million contracts in individual equity products ADV and 0.5 million contracts in equity index products ADV. The 1.5 million contracts in individual equity products ADV consisted of 1.1 million in futures contracts, which represented a 43.8% increase compared to December 2010 and 0.5 million in options contracts, which represented a 15.2% decrease compared to December 2010. The average net rate per contract for individual equity futures contracts is significantly lower than other products traded on NYSE Liffe. In the fourth quarter of 2011, total equity products ADV of 1.7 million contracts was 5.9% below prior year levels. For the full-year 2011, total equity products ADV of 2.1 million contracts was 10.8% below prior year levels.
Total commodities products ADV of 68,000 contracts in December 2011 increased 6.4% compared to December 2010 and was down 0.9% compared to November 2011. In the fourth quarter of 2011, total commodities product ADV of 72,000 contracts was 4.2% above prior year levels. For the full-year 2011, total commodities product ADV of 81,000 contracts was 24.8% above prior year levels.
U.S. Derivatives
NYSE Euronext U.S. equity options (NYSE Arca and NYSE Amex) ADV of 3.9 million contracts in December 2011 increased 17.1% compared to December 2010, but decreased 7.3% compared to November 2011. In the fourth quarter of 2011, U.S. equity options ADV of 4.3 million contracts was 15.4% above prior year levels. For the full-year 2011, U.S. equity options ADV of 4.4 million contracts was 20.0% above prior year levels.
Total U.S. consolidated equity options ADV decreased 2.4% to 14.2 million contracts in December 2011 compared to December 2010 and decreased 5.9% compared to November 2011. In the fourth quarter of 2011, U.S. consolidated equity options ADV of 15.5 million contracts was 2.4% above prior year levels. For the full-year 2011, U.S. consolidated equity options ADV of 16.8 million contracts was 17.0% above prior year levels.
NYSE Euronext's U.S. options exchanges accounted for 27.7% of the total U.S. consolidated equity options trading in December 2011, up from 23.1% in December 2010, but down from a record 28.1% in November 2011.
NYSE Liffe U.S. ADV of approximately 89,600 contracts increased from 13,000 contracts in December 2010 and increased from 88,500 contracts in November 2011. In the fourth quarter of 2011, U.S. futures and futures options ADV was 91,200 contracts compared to 14,900 contracts in the prior year quarter. For the full-year 2011, U.S. futures and futures options ADV of 81,200 contracts was 401.3% above prior year levels, driven by the launch of interest rate futures contracts in March 2011.
NYSE Liffe U.S. reached one million lots in total Exchange Open Interest in December 2011, less than one year after introducing its suite of interest rate futures contracts, underscoring the liquidity across asset classes and continued high levels of customer participation. Open interest market share in Eurodollar futures represented 10% of open interest traded on our nearest competitor.
Cash Trading
European Cash
NYSE Euronext European cash products ADV of 1.3 million transactions in December 2011 increased 9.0% compared to December 2010, but decreased 19.9% compared to November 2011.
In the fourth quarter of 2011, European cash products ADV of 1.6 million transactions was 13.2% above prior year levels.
For the full-year 2011, European cash products ADV of 1.7 million transactions was 17.1% above prior year levels.
U.S. Cash
NYSE Euronext U.S. cash products handled ADV in December 2011 decreased 10.6% to 1.8 billion shares compared to December 2010 and decreased 14.9% from November 2011.
In the fourth quarter of 2011, U.S. cash products handled ADV was 2.1 billion shares, down 4.5% from prior year levels.
For the full-year 2011, U.S. cash products handled ADV was 2.3 billion shares, down 12.1% from prior year levels.
NYSE Euronext's Tape A matched market share in December 2011 was 33.4%, down from 35.0% in December 2010 and down from 34.1% in November 2011.
Exchange Traded Funds
NYSE Euronext U.S. matched exchange-traded funds ADV (included in volumes for Tape B and Tape C) of 248 million shares in December 2011 increased 15.7% compared to December 2010, but decreased 22.7% compared to November 2011.
In the fourth quarter of 2011, NYSE Euronext U.S. matched exchange-traded funds ADV of 323 million shares was 16.9% above prior year levels.
For the full-year 2011, NYSE Euronext U.S. matched exchange-traded funds ADV of 324 million shares was 2.6% below prior year levels.
Other Metrics
On December 22, 2011, BlueNext S.A., a joint venture with Caisse des Dépôts, reached a settlement with the French tax authorities regarding its liability arising from a tax audit for the period January 2006 through May 2009. The settlement amount, including penalties, is ?31.8 million. NYSE Euronext will record its 60% share of the joint venture's settlement amount during the quarter ending December 31, 2011 as a non-recurring charge.
The average EUR/USD exchange rate for the fourth quarter of 2011 of $1.35 represented a decrease of 4.6% from the third quarter of 2011 and a decrease of 0.8% compared to the fourth quarter of 2010.
The average GBP/USD exchange rate for the fourth quarter of 2011 of $1.57 represented a decrease of 2.4% from the third quarter of 2011 and a decrease of 0.5% compared to the third quarter of 2010.
Please click here:
http://www.nyse.com/financials/1143717022567.html for the Monthly Transaction Activity Data Table.
About NYSE Euronext
NYSE Euronext (NYX) is a leading global operator of financial markets and provider of innovative trading technologies. The company's exchanges in Europe and the United States trade equities, futures, options, fixed-income and exchange-traded products. With approximately 8,000 listed issues (excluding European Structured Products), NYSE Euronext's equities markets - the New York Stock Exchange, NYSE Euronext, NYSE Amex, NYSE Alternext and NYSE Arca - represent one-third of the world's equities trading, the most liquidity of any global exchange group. NYSE Euronext also operates NYSE Liffe, one of the leading European derivatives businesses and the world's second-largest derivatives business by value of trading. The company offers comprehensive commercial technology, connectivity and market data products and services through NYSE Technologies. NYSE Euronext is in the S&P 500 index, and is the only exchange operator in the Fortune 500. For more information, please visit: http://www.nyx.com:
http://www.nyx.com/.
Safe Harbour Statement
In connection with the proposed business combination transaction between NYSE Euronext and Deutsche Boerse AG, Alpha Beta Netherlands Holding N.V. ("Holding"), a newly formed holding company, filed, and the SEC declared effective on May 3, 2011, a Registration Statement on Form F-4 with the U.S. Securities and Exchange Commission ("SEC") that includes (1) a proxy statement of NYSE Euronext that also constitutes a prospectus for Holding used in connection with NYSE Euronext special meeting of stockholders held on July 7, 2011 and (2) an offering prospectus used in connection with Holding's offer to acquire Deutsche Boerse AG shares held by U.S. holders. Holding has also filed an offer document with the German Federal Financial Supervisory Authority (Bundesanstalt fuer Finanzdienstleistungsaufsicht) ("BaFin"), which was approved by the BaFin for publication pursuant to the German Takeover Act (Wertpapiererwerbs-und Übernahmegesetz), and was published on May 4, 2011.
Investors and security holders are urged to read the definitive proxy statement/prospectus, the offering prospectus, the offer document, as amended, and published additional accompanying information in connection with the exchange offer regarding the proposed business combination transaction because they contain important information. You may obtain a free copy of the definitive proxy statement/prospectus, the offering prospectus and other related documents filed by NYSE Euronext and Holding with the SEC on the SEC's website at www.sec.gov. The definitive proxy statement/prospectus and other documents relating thereto may also be obtained for free by accessing NYSE Euronext's website at www.nyse.com. The offer document, as amended, and published additional accompanying information in connection with the exchange offer are available at Holding's website at www.global-exchange-operator.com.
This document is neither an offer to purchase nor a solicitation of an offer to sell shares of Holding, Deutsche Boerse AG or NYSE Euronext. The final terms and further provisions regarding the public offer are disclosed in the offer document that has been approved by the BaFin and in documents that have been filed with the SEC.
No offering of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the U.S. Securities Act of 1933, as amended, and applicable European regulations. The exchange offer and the exchange offer document as amended, shall not constitute an issuance, publication or public advertising of an offer pursuant to laws and regulations of jurisdictions other than those of Germany, United Kingdom of Great Britain and Northern Ireland and the United States of America. The relevant final terms of the proposed business combination transaction will be disclosed in the information documents reviewed by the competent European market authorities.
Subject to certain exceptions, in particular with respect to qualified institutional investors (tekikaku kikan toshika) as defined in Article 2 para. 3 (i) of the Financial Instruments and Exchange Act of Japan (Law No. 25 of 1948, as amended), the exchange offer will not be made directly or indirectly in or into Japan, or by use of the mails or by any means or instrumentality (including without limitation, facsimile transmission, telephone and the internet) of interstate or foreign commerce or any facility of a national securities exchange of Japan. Accordingly, copies of this announcement or any accompanying documents may not be, directly or indirectly, mailed or otherwise distributed, forwarded or transmitted in, into or from Japan.
The shares of Holding have not been, and will not be, registered under the applicable securities laws of Japan. Accordingly, subject to certain exceptions, in particular with respect to qualified institutional investors (tekikaku kikan toshika) as defined in Article 2 para. 3 (i) of the Financial Instruments and Exchange Act of Japan (Law No. 25 of 1948, as amended), the shares of Holding may not be offered or sold within Japan, or to or for the account or benefit of any person in Japan.
Forward-Looking Statements
This document includes forward-looking statements. By their nature, forward-looking statements involve risks and uncertainties because they relate to events and depend on circumstances that may or may not occur in the future. Forward-looking statements are not guarantees of future performance and actual results of operations, financial condition and liquidity, and the development of the industries in which NYSE Euronext operates may differ materially from those made in or suggested by the forward-looking statements contained in this document. Any forward-looking statements speak only as at the date of this document. Except as required by applicable law, NYSE Euronext does not undertake any obligation to update or revise publicly any forward-looking statement, whether as a result of new information, future events or otherwise.
[1]:
#body_ftn1 All NYSE Euronext derivatives transactions count buy and sell orders together as a single transaction. NYSE Euronext European equities transactions count each buy and sell order as separate transactions, NYSE Euronext U.S. equities transactions count buy and sell orders together as a single transaction.
http://hugin.info/139560/R/1576251/491212.pdf
The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and other applicable laws; and
(ii) they are solely responsible for the content, accuracy and originality of the
information contained therein.
Source: NYSE Euronext via Thomson Reuters ONE
