NYSE Volume Down More than 50%, Too
September 10, 2012
NYSE Euronext said volume on its U.S. stock exchanges fell to 1.4 billion shares a day in August. That is down 54.6% from a year ago and down 12.6% from July.
That continues a spate of drops of huge drops in volume compared to last August, the most volatile and active month of 2011.
Nasdaq OMX Group last week said it handled 25.5 billion shares worth of trading in August of this year, down 53.2% from 54.6 billion a year ago. BATS Global Markets reported trading on its two U.S. exchanges dropped 46.8% in August, compared to a year ago. Direct Edge, as of 4 p.m., had not posted a report on its August activity to its web site.
The comparisons are against the most active month of trading in 2011, across all exchanges.
At the start of August 2011, Standard & Poor’s downgraded U.S. debt for the first time, roiling markets.
Average daily volume on all national exchanges was 7.6 billion shares, according to statistics kept by the Securities Industry and Financial Markets Association. Volume in July 2011 had been 5.0 billion and volume in September fell back to 6.1 billion shares.
- Global derivatives trading dropped 38.4% from a year ago, to 6.4 million contracts daily. That is also down 8.6% from July.
- European derivatives were down 27.8% from a year ago, at 3.2 million contracts a day. That is also down 6.2 percent from July.
- U.S. equity options activity dropped 46.3% to 3.1 million contracts a day. Volume dropped 11.4%, compared to July.
- European stock trading dropped 50.1% from a year ago and 25.7% from July.