U.S. exchange-listed equity trading volume averaged 6.35 billion a day last quarter, down 6% from the first three months of 2012, data compiled by Bloomberg show. Options trading in the U.S. slowed to a daily average of 15.9 million contracts last year from a ninth-consecutive record of 18.1 million in 2011. It has increased to an average 16.6 million so far in 2013, data from the Chicago-based OCC show.
The company will discuss with IntercontinentalExchange plans for its NYSE Technologies unit when the merger is completed, Chief Executive Officer Duncan Niederauer said on the call today. The company has held talks with at least two parties over a sale of the unit, according to the Financial News yesterday, which cited two unidentified people with knowledge of the discussions.
“We have always conducted these partnership discussions,” Niederauer said today. “We are working with ICE to explore how we will leverage this important business post-merger.”
Nasdaq OMX Group Inc., NYSE’s smaller equity-exchange and U.S.-listings rival, on April 24 reported first-quarter earnings that exceeded estimates as revenue from information services and technology increased. Analysts project Atlanta-based IntercontinentalExchange will say tomorrow that earnings declined 3%, while Deutsche Boerse, based in Frankfurt, said yesterday that profit fell 26% as trading volume declined.