Nasdaq Reports April Metrics, US Equity Volumes Dive MoM

On the heels of a lackluster Q1 release, Nasdaq has released its April volumes, characterized by waning volumes across FICC

Nasdaq has reported its volumes for the month ending April 2015, having witnessed a downturn across US equity markets, according to a Nasdaq statement.

Nearly two weeks ago, Nasdaq OMX Group, Inc. (Nasdaq:NDAQ) released its metrics for Q1 2015, which also suffered from waning revenues. The primary culprit for this decline was attributed to the impact of foreign exchange (FX) rates weighing on the index.

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Across equity derivatives, Nasdaq saw US equity options volumes of 72 million contracts in April 2015, falling -7.7% MoM from 78 million contracts in March 2015. Alternatively, European options and futures volumes were reported at 9.1 million contracts in April 2015, rising 4.6% MoM from 8.7 million contracts March 2015.

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Cash equities were also marked by lackluster figures, with US matched equity volume (in millions of shares) coming in at just 25,003 in April 2015, down -11.3% from 28,217 in March 2015.

FICC Metrics Slump in April

Another area of weakness was Nasdaq’s Fixed Income, Currencies, and Commodities (FICC) realm – US fixed income yielded just $2,350 billion in April 2015, down -14.9% MoM from $2,762 billion in March 2015. Over a yearly timeframe, volumes also plunged -26.4% YoY from $3,194 billion in April 2014.

European fixed income was also unable to escape the specter of decline, reporting just 1.5 million contacts in April 2015, down -42.3% MoM from 2.6 million contracts in March 2015. Over the past year, the figure is not quite as gloomy, suffering a decline of -31.8% YoY from 2.2 million contracts in April 2014.

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