14.7 million transactions were completed on Euronext’s cash markets in November 2005, up 14.1% on the same month last year, making it the busiest November ever. More than 148 million cash transactions were registered since the beginning of 2005, up 14.4% on the same period last year, representing a record level at this time of the year and a daily average of 628,000.
Shares
14.1 million transactions were registered in shares in November 2005, up 14.9% on the same month in 2004. A total of 142 million transactions were completed in the year-to-date, up 15.1% on 2004. This represents an average of 601,000 share transactions completed each day.
Initial Public Offerings
After 9 IPOs in October, there have been a further 9 IPOs on all Euronext markets in November 2005, including 2 in Amsterdam and 2 in Brussels, bringing the total number of new listings so far this year to 61, a record level since 2001. Those 61 IPOs represent an additional market capitalization of EUR 100 billion, with a total amount of EUR 16 billion offered.
NextTrack
Transactions on NextTrack amounted to 33,000 during November 2005, up 55.3% year-on-year. 303,000 transactions were completed on NextTrack since the beginning of the year, up 21.3% on 2004. There have been 14 products launched in November on NextTrack among a total of 33 new products since the beginning of the year.
Derivatives products
Euronext.liffe, the international derivatives business of Euronext, traded 58 million futures and options contracts in November, up 16% year-on-year. 564 million futures and options contracts have been traded in 2005, up 6% on the same period in 2004. Average daily volume for the year-to-date is 2.4 million contracts.
Euronext.liffe traded 34 million Short Term Interest Rate (STIR) contracts in November, up 24% on 2004 and up 10% for the year-to-date.
Equity products traded 21 million futures and options contracts in November, up 6% year-on-year with Equity Index products trading over 8 million contracts and Individual Equity products trading 12.7 million contracts.
Commodity products traded 618,000 futures and options in November. In the year-to-date volumes are 7.8 million, up 6% on 2004.
Background:
- Bclear is the new web-based, on-exchange administration and clearing service that provides a simple way to register and process wholesale trades through Euronext.liffe to clearing at LCH.Clearnet Ltd, reducing the counter-party credit, legal and operational risks associated with off-exchange deals. Bclear enables registration of both ‘standard exchange’ and ‘flexible’ trades in futures and options covering 12 country and pan-European indices and over 300 underlying European securities from 15 markets.
- In response to strong customer demand for more harmonised equity derivatives contracts, on 9 May Euronext.liffe introduced new larger CAC 40 Index Option (‘new-style’) contracts. The effect of this change enables customers to trade a tenth the number of contracts to achieve the same level of market exposure. To enable accurate like-with-like comparison of activity in the CAC 40 options market in 2004 and 2005 we have rebased volumes in the CAC 40 Option contract. This adjustment treats all volumes in the old-style contracts as if they were new-style larger contracts, by dividing volume by ten. The same rebased figures applied to French individual equity option volumes where a similar change in contract size came into effect on 20 June.
- This press release has been prepared using actual volumes for the month, apart from for the last trading day when an estimate based on the average daily volume for the current month is used. Final detailed figures for the month will be published three working days after the end of the month on the Euronext websites: www.euronext.com and www.liffe.com.