NYSE CEO Niederauer Says U.S. Stock Volume to Be ‘Light’ in 2013
Average daily trades for companies listed on U.S. stock exchanges fell 18 percent last year to 6.4 billion, data compiled by Bloomberg show. It was the third straight year of declining volume.
“It’s probably going to remain light for a while,” Niederauer said in a Bloomberg Television interview today.
Niederauer, whose NYSE Euronext is planning to merge with IntercontinentalExchange Inc. this year, also said capital markets may see more initial public offerings in 2013. U.S. companies raised $41.2 billion in 2012, compared with about $57 billion in 2007, Bloomberg data show.
“If the market hangs in here at this level, the pipeline is stronger than it’s ever been,” Niederauer said. “I think we’re ready for 2013 to be a very, very good year for issuance.”
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