NYSE Euronext said trading activity on its derivatives and stock exchanges fell more than 17 percent in January, compared to a year ago. But volume was up from December.
Volume on its options and futures markets was down
Stock trading also fell. European volume was down 14.6 percent and U.S. volume was down 23.5 percent, from a year ago.
Activity was up slightly from what NYSE Euronext called “seasonally slower December 2011. “
Derivatives volume was up 0.3 percent, worldwide, compared to December.
U.S. stock trading was up 1.1 percent, from December.
Here are some highlights:
• European derivatives: Average daily volume in January 2012 of 3.2 million contracts decreased 31.3% compared to January 2011 and decreased 6.3% from December 2011 levels.
• U.S. equity options: Average daily volume of 4.2 million contracts in January 2012 decreased 4.1% compared to January 2011 levels, but increased 6.0% from December 2011.
• NYSE Liffe U.S.: Average daily volume of 94,900 contracts increased from 13,500 contracts in January 2011 and increased from 89,600 contracts in December 2011.
• European stock trading: Average daily volume of 1.5 million transactions in January 2012 decreased 14.6% compared to January 2011, but increased 12.9% from December 2011 levels.
• U.S. stock trading: Average daily volume of 1.8 billion shares in January 2012 decreased 23.5% compared to January 2011, but increased 1.1% compared to December 2011.
• Tape A market share: NYSE Euronext’s matched market share of Tape A trading in NYSE-listed stocks in January 2012 was 30.3%, down from 33.9% in January 2011 and down from 33.4% in December 2011.
Trade Reporting Facility (“TRF”) market share in Tape A securities, a measure of off-exchange trading, increased to 34.1% of consolidated U.S. cash equity trading in Tape A securities in January 2012, the highest level since January 2010, and up from 31.1% in December 2011 and 33.1% in January 2011.
Tom Steinert-Threlkeld writes for