NYSE Records A Significant Drop In Trading Volumes In August

NYSE Records A Significant Drop In Trading Volumes In August

NYSE Records A Significant Drop In Trading Volumes In August

Trading volumes on NYSE Euronext’s (NYSE:NYX) global derivatives and cash equities exchanges fell significantly during August. [1] Average daily volume (ADV) for global derivatives fell 38.4% year-on-year as a decrease in market volatility over the last year discouraged investors.

Cash products trading did not provide any relief either as U.S. cash products ADV fell 54.6% whereas European cash products trading volume was down 50.1% compared to August 2011. NYSE’s main competitor,Nasdaq OMX (NASDAQ:NDAQ), has also been hit hard by the prevalent economic conditions as concerns over the growing national debt have adversely affected investor confidence in the U.S.

Our $27 valuation of NYSE Euronext’s stock is in-line with the current market price…

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About yocijourney

God does not play dice
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