Nasdaq’s May Equity Volumes Falls to Lowest in Two Years

Nasdaq's May volumes were lower across the board, with May's equities figures the lowest since 2014.

Nasdaq (Nasdaq:NDAQ), the second-largest exchange in the world by market capitalization, has released its trading volumes and monthly metrics for May 2016, which saw almost a unilateral decline across its global equities business, according to a Nasdaq statement.

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During May 2016, Nasdaq’s equity derivatives finally broke out of a narrow consolidation, falling to 66.0 million contracts – to date this is the group’s weakest equity derivatives figure of 2016 and the lowest in over a year. The latest figure is -12.0% weaker MoM from 75.0 million in April 2016. Across a yearly timetable, May 2016’s equity derivatives were virtually unchanged, relative to 67.0 million contracts in May 2015.

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Furthermore, Nasdaq’s European equity derivatives followed a similar narrative, diving to 6.4 million contacts in May 2016, down -21.0% MoM from 8.1 million contracts in April 2016. This decline was slightly less pronounced over a yearly period, incurring a fall of -14.7% YoY from 7.5 million contracts in May 2015.

FICC Business Pointed Lower

May 2016’s results were largely mixed across Nasdaq’s Fixed Income, Currencies and Commodities business (FICC). In particular, US fixed income volume (in billion USD traded) yielded $1,627 for the month ending May 2016. This corresponded to a move of -2.0% MoM from $1,659 in April 2016, despite falling in three consecutive months, however the latest figures also illustrate a fall of -40.8% YoY from $2,747 in May 2015.

In terms of European fixed income, May 2016 saw a similar yield with regard to volumes, showing only 1.7 million contracts for the month vs. 2.1 million in the month prior, or -19.0% MoM. May 2016 also was marginally when measured against last year’s figures, with European fixed income almost unchanged from 2.2 million contracts in May 2015.

Earlier this month, Nasdaq made headlines after it fortified its analytics suite with the addition of an Investor Relations (IR) platform, tapped IR Insight, which now acts as a module that caters to IR officers and financial executives.

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