NYSE Euronext Announces Third Quarter 2009 Financial Results

http://www.businesswire.com/news/home/20091030005201/en

-- GAAP Diluted EPS of $0.48; Pro Forma Non-GAAP Diluted EPS of $0.53 --

-- Announces Equity Investment by Leading Liquidity Providers in its U.S.
Futures Exchange --

Conference Call, Friday, October 30, 2009 at 8:00 a.m. (New York, EDT)/1:00 p.m.
(Paris, CET)
NEW YORK--(Business Wire)--
NYSE Euronext (NYX) today reported net income of $125 million, or $0.48 per
diluted share, for the third quarter of 2009, compared to net income of $174
million, or $0.66 per diluted share for the third quarter of 2008. Third quarter
2009 GAAP results include the impact from merger expenses and exit costs, the
impact of the disposition of Hugin Group B.V., the sale of our investment in
BM&F Bovespa and a fair value adjustment to our investment in BIDS Holdings,
L.P. Pro forma non-GAAP diluted earnings per share excluding these items was
$0.53 in the third quarter of 2009, compared to $0.72 in the third quarter of
2008.

"We continue to see stabilization in our core businesses and significant
progress on our new initiatives," said Duncan L. Niederauer, CEO, NYSE Euronext.
"We have successfully maintained market share in our U.S. (NYSE) and European
cash markets and have grown market share in U.S. equity options. We have seen a
strong increase in new issuances, where we lead the U.S. in both IPOs and
secondaries. We significantly enhanced our global derivatives franchise with
today`s announced semi-mutualization of our U.S. futures exchange. In addition,
we announced a similar semi-mutualization of our NYSE Amex equity options
business, launched NYSE Liffe Clearing in Europe and established New York
Portfolio Clearing, a joint venture with DTCC. Lastly, our announced acquisition
of NYFIX will greatly expand our NYSE Technologies product offering and client
base."

The table below summarizes our pro forma non-GAAP results:

($ in millions, except EPS) 3Q09 2Q09 3Q08
Gross Revenues $1,048 $1,125 $1,159
Net Revenues $624 $611 $724
Fixed Operating Expenses ($431) ($398) ($428)
Operating Income1 $197 $214 $297
Net Income $138 $132 $192
Diluted Earnings Per Share $0.53 $0.51 $0.72
1 Includes regulatory fine income

Michael S. Geltzeiler, Group Executive Vice President and Chief Financial
Officer, NYSE Euronext, commented, "Despite lower overall trading volumes, the
contribution of NYSE Liffe Clearing revenue during the quarter drove higher net
revenues and earnings per share compared to the second quarter. Additionally, we
continue to focus on initiatives to reduce our fixed cost base. Underlying fixed
operating expenses through the third quarter, excluding the impact of M&A,
foreign exchange fluctuations and investments in new businesses, were down $121
million, or 10% compared to the same period last year. With the anniversary of
the Amex acquisition, we expect our fourth quarter fixed operating expenses to
be considerably below prior year levels and will end the year below our
full-year 2009 fixed cost guidance of $1,728 million."

Pro forma non-GAAP net income for the third quarter of 2009 was $138 million, or
$0.53 per diluted share, compared to net income of $192 million, or $0.72 per
diluted share, for the third quarter of 2008. Pro forma non-GAAP results for the
third quarter of 2009 exclude $8 million in merger expenses and exit costs. The
results also exclude the impact of the disposition of Hugin Group B.V., the sale
of our investment in BM&F Bovespa and a fair value adjustment to our investment
in BIDS Holdings, L.P. Pro forma non-GAAP results for the third quarter of 2008
exclude $30 million in pre-tax merger expenses and exit costs, primarily
severance. In addition, pro forma non-GAAP results also exclude activity
assessment and Section 31 fees1. A full reconciliation of our pro forma non-GAAP
results is included in the attached tables.

Financial highlights on a pro forma non-GAAP basis include:

* Gross revenues, excluding activity assessment fees, were $1,048 million in the
third quarter of 2009, a 10% decrease compared to the third quarter of 2008 and
a 7% decrease compared to the second quarter of 2009. Third quarter 2009 gross
revenues compared to both the third quarter of 2008 and the second quarter of
2009 were negatively impacted by a decline in global cash equities volumes and
pricing changes across our European and U.S. cash businesses.
* Net revenues, defined as gross revenues less direct transaction costs
consisting of Section 31 fees, liquidity payments and routing and clearing fees,
were $624 million, down 14% compared to $724 million in the third quarter of
2008, but up 2% compared to the $611 million in the second quarter of 2009.
Third quarter 2009 net revenues compared to the third quarter of 2008 include a
$30 million negative impact attributable to foreign currency fluctuations. NYSE
Euronext net revenues from its primary business activities are represented below
as a percentage of total net revenues for the third quarter:

* Global derivatives trading accounts for 30%
* European cash trading accounts for 13%
* U.S. cash trading accounts for 9%
* Global market data accounts for 16%
* Global listings accounts for 16%
* Software and technology services accounts for 8%
* Other accounts for 8%

* Fixed operating expenses, defined as operating expenses less merger expenses
and exit costs, direct transaction costs, and excluding regulatory fine income,
were $431 million, compared to $428 million in the third quarter of 2008 and
$398 million in the second quarter of 2009. Excluding the impact of mergers and
acquisitions, foreign exchange rates and investment in new businesses,
underlying fixed expenses were down $31 million, or 7% compared to the third
quarter of 2008. Fixed costs increased $33 million compared to the second
quarter of 2009, primarily due to a benefits` curtailment gain of $10 million in
the second quarter of 2009 and a combined $20 million in NYSE Liffe Clearing
expenses and foreign currency fluctuations. Underlying fixed expenses through
the first nine months of 2009 were down $121 million or 10% compared to the
prior year period.
* Operating income was $197 million, down $100 million compared to the third
quarter of 2008 and down $17 million compared to the second quarter of 2009.
Third quarter 2009 operating income compared to the third quarter of 2008
includes a $20 million negative impact attributable to foreign currency
fluctuations.
* At September 30, 2009, net debt was $2.4 billion. Cash, cash equivalents,
investments and other securities (including $115 million related to Section 31
fees collected from market participants and due to the SEC) was $0.5 billion and
total debt was $2.9 billion. Total debt of $2.9 billion, consists of $2.2
billion in long-term debt and $0.7 billion in short-term debt. The increase in
short-term debt from the second quarter of 2009 was due to the issuance of
commercial paper associated with the $355 million termination payment made to
LCH.Clearnet to facilitate the in-sourcing of clearing activities for NYSE Liffe
Clearing.
* Pro-forma non-GAAP third quarter results include the favorable impact of an
effective tax rate true-up for fiscal 2009 from 29% to 27% as a result of the
mix of profits from our global subsidiaries, which added $0.03 to third quarter
2009 diluted earnings per share.
* Headcount as of September 30, 2009 was 3,399, down 4% from June 30, 2009 and
down 10% from December 31, 2008.

Market and Business Summary

Global Derivatives Markets

* Global Derivatives net revenue, which includes our European and U.S.
derivatives businesses, was $184 million in the third quarter of 2009, up 4%
from $177 million in the third quarter of 2008 and up 17% from $157 million
recorded in the second quarter of 2009. The increase in net revenue in the third
quarter of 2009 compared to the third quarter of 2008 was driven by the addition
of NYSE Liffe Clearing, which launched July 30, 2009 and NYSE Amex options,
which was acquired on October 1, 2008. The increase compared to the second
quarter of 2009 was driven by the addition of NYSE Liffe Clearing.

European Derivatives

* European Derivatives net revenue of $152 million in the third quarter of 2009
decreased 2% from the $155 million in the third quarter of 2008, but was up $28
million, or 23% from the $124 million posted in the second quarter of 2009. The
increase in net revenue from the second quarter of 2009 was driven by the
addition of clearing fees from NYSE Liffe Clearing for two months.
* For the third quarter of 2009, European derivatives products average daily
volume ("ADV") was 3.8 million contracts, 1.4% above the 3.8 million contracts
recorded in the third quarter of 2008. The 3.8 million in futures and options
contracts ADV in the third quarter of 2009 consisted of 2.9 million contracts
executed through our full-service LIFFE CONNECT trading platform and a total of
0.9 million contracts processed through Bclear, NYSE Liffe's trade
administration and clearing service for OTC products. This compares to 3.1
million contracts executed through LIFFE CONNECT and 0.6 million contracts
processed through Bclear in the third quarter of 2008. Fees related to Bclear
are significantly lower than our other European derivatives products traded
through our full-service offering, LIFFE CONNECT, and include fee caps.
Year-to-date European derivatives products ADV of 4.1 million contracts was 2.1%
below prior year levels.
* Total interest rate products ADV for the third quarter of 2009 of 1.9 million
contracts was down 0.7% compared to the third quarter of 2008. Year-to-date,
total interest rate products ADV decreased 12.8% compared to the prior year
period.
* Total equity products (including Bclear) ADV of 1.9 million contracts in the
third quarter of 2009 was 3.8% above the third quarter of 2008. Year-to-date,
total equity products ADV increased 11.3% compared to the prior year period.

U.S. Derivatives

* U.S. Derivatives net revenue of $32 million in the third quarter of 2009,
increased $10 million from the third quarter of 2008, but decreased $1 million
from the second quarter of 2009. The increase in net revenue when compared to
the third quarter of 2008 was driven primarily by the addition of the former
Amex options business which closed on October 1, 2008.
* In the third quarter of 2009, U.S. equity options ADV was 2.6 million
contracts, a 46.3% increase compared to the third quarter of 2008, which did not
include trading activity from the former Amex options business acquired in the
fourth quarter of 2008. U.S. equity options market share in the third quarter of
2009 was 19.5%, up from 12.3% in the third quarter of 2008 and up from 18.2% in
the second quarter of 2009. Overall U.S. equity options industry ADV decreased
8.1% compared to the third quarter of 2008 and was down slightly from the second
quarter of 2009. Year-to-date, NYSE Group U.S. equity options ADV of 2.5 million
contracts was 43.1% above the prior year period.
* NYSE Euronext agreed in principle on a framework with leading liquidity
providers and market making firms BofA Merrill Lynch, Barclays Capital, Citadel
Securities, Citi, Goldman Sachs, TD AMERITRADE and UBS, to sell a significant
equity interest in NYSE Amex options, one of the company`s two U.S. options
exchanges. Under the new framework, NYSE Euronext will remain the largest
shareholder in the entity, which aims to enhance the competitive position of
NYSE Amex options, while bringing competitive and operational benefits to the
marketplace. The contemplated transaction calls for NYSE Euronext to continue to
manage the day-to-day operations of NYSE Amex options, which would operate under
the supervision of a separate board of directors and a dedicated chief executive
officer. NYSE Euronext will continue to consolidate the financial reporting of
this entity.
* Effective July 1, 2009 NYSE Arca options and NYSE Amex options eliminated Firm
Facilitation Fees to firms who facilitate their customer order flow. The Firm
Facilitation Fee applies to any transaction involving a firm`s proprietary
trading account, which has a customer of that same firm on the contra side of
the transaction. Both exchanges also lowered the Broker Dealer/Firm Manual Fee.
The resulting incremental increase in order flow and market share for NYSE Amex
options offset this pricing reduction.
* NYSE Liffe U.S. futures and futures options ADV in the third quarter of 2009
was 15 thousand contracts, for a total of 950 thousand contracts traded during
the quarter. Year-to-date, a total of 3.1 million contracts have been traded.
Beginning September 8, 2009 NYSE Liffe U.S. futures and futures options ADV
includes equity index futures trading based on the MSCI U.S., EM and EAFE
indexes. Market share for the MSCI indexes in the first month of trading was
19.0%.
* NYSE Euronext announced the signing of a binding agreement with several
leading global banks and liquidity providers -- Citadel Securities, GETCO,
Goldman Sachs, Morgan Stanley and UBS -- on transaction terms to sell a
significant equity interest in NYSE Liffe U.S. NYSE Euronext will remain the
largest shareholder in the entity, which will bring substantial competitive and
operational benefits to the marketplace. NYSE Euronext will continue to manage
the day-to-day operations of NYSE Liffe U.S., which will operate under the
supervision of a separate Board of Directors, chaired by Jim McNulty, and Chief
Executive Officer Thomas F. Callahan. The transaction is expected to close
shortly subject to regulatory review.
* NYSE Euronext and The Depository Trust & Clearing Corporation (DTCC) finalized
their formal agreement to create their innovative new joint venture, New York
Portfolio Clearing (NYPC). NYPC expects to be operational in the second quarter
of 2010, pending CFTC and SEC approval.

Global Cash Markets

* Global cash markets net revenue, which includes our U.S. and European cash
equities businesses, was $135 million in the third quarter of 2009, down 46%
from the third quarter of 2008 and down 11% from the second quarter of 2009. The
decrease in net revenue compared to the third quarter of 2008 and second quarter
of 2009 was driven primarily by declines in global cash trading volumes and net
pricing reductions.

U.S.Cash Equities

* U.S. cash equities net revenue of $54 million in the third quarter of 2009,
decreased $35 million from the third quarter of 2008 and decreased $14 million
from the second quarter of 2009. The decrease in net revenue for both periods
was driven primarily by declines in trading volumes and net pricing reductions.
* In the third quarter of 2009, NYSE Group handled ADV of 2.9 billion shares
across all U.S. equity markets was 19.2% below the third quarter of 2008, and
19.7% below the second quarter of 2009. Year-to-date, NYSE Group handled ADV of
3.5 billion shares was 5.2% above the same period last year. NYSE Group matched
share of all U.S. equity markets volume in the third quarter was 27.9%, compared
to 22.0% for our next largest competitor. NYSE-listed (Tape A) matched market
share in the third quarter of 2009 was 35.4%, compared to 39.3% in the second
quarter of 2009. NYSE Tape A matched market share in September 2009 was 25.0%,
above the 24.1% matched market share recorded in September 2008. NYSE-listed
(Tape A) matched market share for our next largest competitor in the third
quarter of 2009 was 17.1%. The decline in market share in the third quarter of
2009 was driven in part by a significant increase in the top-10 most actively
traded stocks which represented approximately 32% of Tape A consolidated
activity during the quarter, up from approximately 26% in the second quarter of
2009.
* The organic liquidity of NYSE was significantly enhanced in the third quarter
of 2009 with the addition of several Supplemental Liquidity Providers ("SLPs").
There are now a total of seven SLPs on NYSE, including Citadel Derivatives
Group, LLC, Goldman Sachs & Co., Knight Equity Markets L.P., Merrill Lynch
Pierce Fenner & Smith, OCTEG, LLC and Spear, Leeds & Kellogg Specialists, LLC.
With the expansion of the SLP group, SLP participation has increased from 7.5%
in June 2009 to 9.5% in September 2009.

European Cash Equities

* European cash equities net revenue of $81 million in the third quarter of
2009, decreased $80 million from the third quarter of 2008 and decreased $3
million from the second quarter of 2009. The decrease in net revenue compared to
the third quarter of 2008 was driven by a 15% drop in trading volumes as well as
a decline in pricing. The decrease in net revenue versus the second quarter of
2009 was due to lower trading volumes and a pricing change effective September
1, 2009.
* In the third quarter of 2009, ADV of 1.3 million transactions was 15.0% below
the third quarter of 2008 and 9.4% below the second quarter of 2009.
Year-to-date ADV of 1.4 million transactions was 9.5% below the same period last
year.
* Market share in terms of value traded for our regulated markets increased
slightly to 77% in the third quarter of 2009.

Exchange Traded Products and Global Indexes

* In the third quarter of 2009, NYSE Group matched exchange-traded funds ("ETF")
ADV (included in U.S. cash equities trading volumes above) of 335 million shares
decreased 29.3%, compared to the third quarter of 2008, and decreased 35.9%
compared to the second quarter of 2009. In the third quarter, NYSE Group matched
volume for ETFs represented 13% of all matched volumes traded by NYSE Group.
Year-to-date, matched ETF ADV was 27.2% above the prior year period. The third
quarter of 2008 did not include the former Amex ETF business.
* In the third quarter of 2009, consolidated Exchange Traded Products U.S.
dollar volume traded represented approximately 29% of all consolidated U.S.
dollar volume traded.
* As of the third quarter of 2009, NYSE Euronext had over 740 index licenses
outstanding for various exchange traded index tracking products, compared to
approximately 567 index licenses outstanding as of the third quarter of 2008.

Global Listings

* Total global listings revenue in the third quarter of 2009 was $100 million,
compared to $98 million in the third quarter of 2008 and $101 million in the
second quarter of 2009.
* In the third quarter of 2009, a total of 11 IPOs listed on NYSE Euronext
markets for total proceeds of $3.5 billion. Among the IPOs were 2 closed-end
funds, 5 REITs and 3 operating companies including Emdeon, Inc., Artio Global
Investors, Inc. and Select Medical Holdings Corporation, as well as 1 IPO on
NYSE Euronext`s European markets.
* Through September 30, 2009, there were a total of 353 global IPOs that raised
$55.7 billion, down from 801 IPOs that raised $109.4 billion globally in the
same period last year. According to Dealogic, year-to-date through October 28,
NYSE Euronext raised the second most capital through 37 IPOs for a total of
$16.3 billion, behind the Hong Kong Stock Exchange which raised a total of $16.8
billion, but ahead of the Shanghai Exchange that raised $14.5 billion, and
Nasdaq OMX which raised $7.4 billion through 23 IPOs.
* Juniper Networks, Inc., the leader in high-performance networking, transferred
its listing from NASDAQ to the NYSE and began trading on October 29, 2009,
retaining its symbol "JNPR".
* Banco Santander (Brasil) S.A., one of Brazil`s leading banks, began trading on
the NYSE under the ticker symbol "BSBR" after its successful initial public
offering in which it raised $7.0 billion (excluding over-allotments). The Banco
Santander (Brasil) IPO, which listed simultaneously in Brazil and the U.S., is
the largest initial public offering ever conducted by a Brazilian company.
* Red Hat, Inc. became the newest NYSE-listed component of the S&P 500. A total
of 411 NYSE-listed companies represent over 82% of the S&P 500. As of September
30, 2009, the total global market capitalization of NYSE-listed technology,
media and telecommunications companies was $2.5 trillion.
* NYSE Euronext closed its transaction with Thomson Reuters to sell Hugin Group
B.V. on October 14. As part of the agreement, Thomson Reuters and NYSE Euronext
will expand their strategic partnership in offering value-added services to the
issuer community.

Technology Services

* NYSE Euronext entered into a definitive agreement to acquire NYFIX, Inc., a
leading provider of innovative solutions that optimize trading efficiency for
$144 million, including preferred stock consideration. The transaction is
expected to close in the fourth quarter of 2009 and to be accretive to NYSE
Euronext 2010 earnings, excluding one-time deal and restructuring costs.The
NYFIX Marketplace is one of the industry`s broadest and deepest FIX-based
communities where more than 1,000 global trading counterparties connect to one
another via more than 9,000 fully managed FIX-based messaging channels.
* Tokyo Stock Exchange, Inc. successfully launched its "Tdex+ System," a new
trading platform for options contracts. Tdex+ System is the advanced electronic
trading system based on LIFFE CONNECT, used by NYSE Liffe.
* NYSE Technologies plans to expand the services of its Secure Financial
Transaction Infrastructure (SFTI) to Asia providing market participants with
improved connectivity to NYSE Liffe. SFTI provides a single point of
connectivity with lowest-latency access to multiple markets. It is one of the
industry`s most secure and resilient platforms, specifically built for
electronic trading and market data traffic. SFTI reduces the cost and risk
associated with connecting and managing multiple third-party networks. It
enables firms to reduce their time-to-market, improve their performance and
significantly lower the cost of their trading infrastructure.
* NYSE Technologies will collaborate with Standard Chartered PLC, a banking
leader in Asia, Africa and the Middle East, to develop sophisticated FX trading
analysis capabilities using the OneTickTM tick capture and time-series analysis
application.
* AboveNet, Inc., a leading provider of high-bandwidth connectivity solutions,
announced that it is working with NYSE Euronext to build fiber optic networks
connecting NYSE Euronext`s new data centers being built in the greater New York
and London metropolitan areas.

Analyst/Investor/Media Call: October 30, 2009 at 8:00 a.m. (NY/EDT)/1:00 p.m.
(Paris/CET)

A presentation and live audio webcast of the third quarter 2009 earnings
conference call will be available on the Investor Relations section of NYSE
Euronext`s website, http://www.nyseeuronext.com/ir. Those wishing to listen to
the live conference via telephone should dial-in at least ten minutes before the
call begins. An audio replay of the conference call will be available
approximately one hour after the call on the Investor Relations section of NYSE
Euronext`s website, http://www.nyseeuronext.com/ir or by dial-in beginning
approximately two hours following the conclusion of the live call.

Live Dial-in Information:

United States: 800.706.7745

International: 617.614.3472

Passcode: 26616734

Replay Dial-in Information:

United States: 888.286.8010

International: 617.801.6888

Passcode: 34538720

To supplement NYSE Euronext`s consolidated financial statements prepared in
accordance with GAAP and to better reflect period-over-period comparisons, NYSE
Euronext uses non-GAAP financial measures of performance, financial position, or
cash flows that either exclude or include amounts that are not normally excluded
or included in the most directly comparable measure, calculated and presented in
accordance with GAAP. Non-GAAP financial measures do not replace and are not
superior to the presentation of GAAP financial results, but are provided to (i)
present the effects of certain merger expenses, exit costs and other
non-recurring items, and (ii) improve overall understanding of NYSE Euronext`s
current financial performance and its prospects for the future. Specifically,
NYSE Euronext believes the non-GAAP financial results provide useful information
to both management and investors regarding certain additional financial and
business trends relating to financial condition and operating results. In
addition, management uses these measures for reviewing financial results and
evaluating financial performance. The non-GAAP adjustments for all periods
presented are based upon information and assumptions available as of the date of
this release.

NYSE Euronext Earnings News Release with Tables and Operating Data

About NYSE Euronext

NYSE Euronext (NYX) is a leading global operator of financial markets and
provider of innovative trading technologies. The company's exchanges in Europe
and the United States trade equities, futures, options, fixed-income and
exchange-traded products. With more than 8,000 listed issues, NYSE Euronext's
equities markets -- the New York Stock Exchange, NYSE Euronext, NYSE Amex and
NYSE Alternext as well as NYSE Arca - represent nearly 40 percent of the world's
equities trading, the most liquidity of any global exchange group. NYSE Euronext
also operates NYSE Liffe, the leading European derivatives business and the
world's second-largest derivatives business by value of trading. The company
offers comprehensive commercial technology, connectivity and market data
products and services through NYSE Technologies. NYSE Euronext is in the S&P 500
index, and is the only exchange operator in the S&P 100 index and Fortune 500.
For more information, please visit: http://www.nyx.com

Cautionary Note Regarding Forward-Looking Statements

This press release may contain forward-looking statements, including
forward-looking statements within the meaning of the Private Securities
Litigation Reform Act of 1995. Such forward-looking statements include, but are
not limited to, statements concerning NYSE Euronext`s plans, objectives,
expectations and intentions and other statements that are not historical or
current facts. Forward-looking statements are based on NYSE Euronext`s current
expectations and involve risks and uncertainties that could cause actual results
to differ materially from those expressed or implied in such forward-looking
statements. Factors that could cause NYSE Euronext`s results to differ
materially from current expectations include, but are not limited to: NYSE
Euronext`s ability to implement its strategic initiatives, economic, political
and market conditions and fluctuations, government and industry regulation,
interest rate risk and U.S. and global competition, and other factors detailed
in NYSE Euronext`s reference document for 2008 ("document de référence") filed
with the French Autorité des Marchés Financiers (Registered on April 28, 2009
under No. R. 09-031), 2008 Annual Report on Form 10-K and other periodic reports
filed with the U.S. Securities and Exchange Commission or the French Autorité
des Marchés Financiers. In addition, these statements are based on a number of
assumptions that are subject to change. Accordingly, actual results may be
materially higher or lower than those projected. The inclusion of such
projections herein should not be regarded as a representation by NYSE Euronext
that the projections will prove to be correct. This press release speaks only as
of this date. NYSE Euronext disclaims any duty to update the information herein.

1 Section 31 of the Securities Exchange Act of 1934 requires each
Self-Regulatory Organization to pay the SEC twice annually a fee based on the
aggregate dollar amount of certain sales of securities such that the SEC can
recover the costs to the government of supervision and regulation of securities
markets and securities professionals.

NYSE Euronext
Condensed consolidated statements of income in accordance with U.S. GAAP (unaudited)
(in millions, except per share data)

Three months ended September 30, Nine months ended September 30,
2009 2008 2009 2008

Revenues
Activity assessment $ 115 $ 46 $ 271 $ 189
Cash trading 516 634 1,751 1,708
Derivatives trading and clearing 226 229 620 729
Listing 100 98 300 294
Market data 102 112 305 321
Software and technology services 52 47 140 107
Regulatory 9 8 31 36
Other 43 31 138 102
Total revenues 1,163 1,205 3,556 3,486
Section 31 fees (115 ) (46 ) (271 ) (189 )
Liquidity payments (363 ) (358 ) (1,242 ) (887 )
Routing and clearing (61 ) (77 ) (204 ) (211 )
Merger expenses and exit costs (8 ) (30 ) (473 ) (83 )
Compensation (166 ) (168 ) (492 ) (480 )
Systems and communications (54 ) (66 ) (167 ) (237 )
Professional services (65 ) (44 ) (163 ) (106 )
Depreciation and amortization (66 ) (65 ) (200 ) (181 )
Occupancy (39 ) (37 ) (113 ) (96 )
Marketing and other (41 ) (48 ) (116 ) (133 )
Regulatory fine income 4 1 5 3
Operating income from continuing operations 189 267 120 886
Net interest and investment loss (28 ) (31 ) (81 ) (72 )
Gain on sale of equity investment - - - 2
Other income 10 5 19 28
Income from continuing operations before income tax provision 171 241 58 844
Income tax provision (47 ) (70 ) (7 ) (244 )
Income from continuing operations 124 171 51 600
Income from discontinued operations, net of tax - 3 - 5
Net income 124 174 51 605
Net income attributable to noncontrolling interest 1 - (4 ) (5 )
Net income attributable to NYSE Euronext $ 125 $ 174 $ 47 $ 600

Basic earnings per share from continuing operations $ 0.48 $ 0.65 $ 0.18 $ 2.24
Basic earnings per share from discontinued operations - 0.01 - 0.02
Basic earnings attributable to NYSE Euronext per share $ 0.48 $ 0.66 $ 0.18 $ 2.26

Diluted earnings per share from continuing operations 0.48 $ 0.65 $ 0.18 $ 2.24
Diluted earnings per share from discontinued operations - 0.01 - 0.02
Diluted earnings attributable to NYSE Euronext per share $ 0.48 $ 0.66 $ 0.18 $ 2.26

Basic weighted average shares outstanding 260 266 260 266
Diluted weighted average shares outstanding 261 266 260 266

NYSE Euronext
Condensed combined statements of income including non-GAAP financial measures (unaudited)
(in millions, except per share data)

We use non-GAAP financial measures of operating performance. Non-GAAP measures do not replace and are not superior to the presentation of our GAAP financial results but are provided to improve overall understanding of our current financial performance and our prospects for the future.
Please refer to the table entitled "Reconciliation of non-GAAP Financial Measures to GAAP Measures (unaudited)"

Three months ended September 30, [a, b, c, d] Nine months ended September 30, [a, b, c, d]
2009 2008 2009 2008
Pro Forma Pro Forma Pro Forma Pro Forma
Combined Combined Combined Combined
Revenues
Cash trading $ 516 $ 634 $ 1,751 $ 1,708
Derivatives trading and clearing 226 229 620 729
Listing 100 98 300 294
Market data 102 112 305 321
Software and technology services 52 47 140 107
Regulatory 9 8 31 36
Other 43 31 138 102
Total revenues 1,048 1,159 3,285 3,297
Liquidity payments (363 ) (358 ) (1,242 ) (887 )
Routing and clearing (61 ) (77 ) (204 ) (211 )
Compensation (166 ) (168 ) (492 ) [f] (516 ) [e]
Systems and communications (54 ) (66 ) (167 ) (237 )
Professional services (65 ) (44 ) (163 ) (106 )
Depreciation and amortization (66 ) (65 ) (200 ) (181 )
Occupancy (39 ) (37 ) (113 ) (96 )
Marketing and other (41 ) (48 ) (116 ) (133 )
Regulatory fine income 4 1 5 3
Operating income 197 297 593 933
Net interest and investment loss (28 ) (31 ) (81 ) (72 )
Other income 6 [g] 5 15 [g] 28
Income before income tax provision 175 271 527 889
Income tax provision (38 ) (79 ) (141 ) (258 )
Net income 137 192 386 631
Net income attributable to noncontrolling interest 1 - (4 ) (5 )
Net income attributable to NYSE Euronext $ 138 $ 192 $ 382 $ 626

Basic earnings per share $ 0.53 $ 0.72 $ 1.47 $ 2.36
Diluted earnings per share $ 0.53 $ 0.72 $ 1.47 $ 2.36

Basic weighted average shares outstanding 260 266 260 266
Diluted weighted average shares outstanding 261 266 260 266

The pro forma non-GAAP results of NYSE Euronext include the following adjustments to the GAAP results:

[a] The results of operations are presented as if the divestiture of the investment in GL Trade had been completed at the beginning of the earliest period presented.

[b] Merger expenses and exit costs of $8 million and $30 million have been eliminated from the results of operations for the three months ended September 30, 2009 and 2008, respectively, and $473 million and $83 million for the nine months ended September 30, 2009 and 2008, respectively, as they represent non-recurring charges.

[c] Activity assessment fees and Section 31 fees have been excluded from revenues and expenses, respectively, as they have no impact on operating income or net income.

[d] Gains on sale of equity investments of $0 million and $2 million have been eliminated from the results of operations for the three and nine months ended September 30, 2008, respectively, as they represent non-recurring items.

[e] Excludes $36 million of income from the reversal of an accrual relating to certain litigation between a former Chairman & CEO and the NYSE, which was terminated on July 31, 2008.

[f] Includes a $10 million curtailment gain associated with a change in our retiree medical plan.

[g] Excludes a $4 million net gain from the sale of our investment in BM&F Bovespa, partially offset by fair value adjustments of our investments in Hugin, an asset-held-for-sale, and BIDS Holdings, L.P.

NYSE Euronext
Condensed combined statements of income including non-GAAP financial measures (unaudited)
(in millions, except per share data)

We use non-GAAP financial measures of operating performance. Non-GAAP measures do not replace and are not superior to the presentation of our GAAP financial results but are provided to improve overall understanding of our current financial performance and our prospects for the future.

Three months ended Three months ended
September 30, 2009 [a, b, c] September 30, 2008 [a, b, c]
US European Corporate Pro Forma US European Corporate Pro Forma
Operations Operations Items [e] Combined Operations Operations Items [e] Combined

Revenues
Cash trading $ 435 $ 81 $ - $ 516 $ 473 $ 161 $ - $ 634
Derivatives trading and clearing 46 180 - 226 39 190 - 229
Listing 91 9 - 100 90 8 - 98
Market data 54 48 - 102 52 60 - 112
Other revenues 63 47 (6 ) 104 64 22 - 86
Total revenues (1) 689 365 (6 ) 1,048 718 441 - 1,159
Liquidity payments, routing and clearing (2) (396 ) (28 ) - (424 ) (401 ) (34 ) - (435 )
Fixed operating expenses (243 ) (188 ) - (431 ) (221 ) (199 ) (8 ) (428 )
Regulatory fine income 4 - - 4 1 - - 1
Operating income $ 54 $ 149 $ (6 ) $ 197 $ 97 $ 208 $ (8 ) $ 297

Net revenues= (1) + (2) $ 293 $ 337 $ (6 ) $ 624 $ 317 $ 407 $ - $ 724

Nine months ended Nine months ended
September 30, 2009 [a, b, c] September 30, 2008 [a, b, c]
US European Corporate Pro Forma US European Corporate Pro Forma
Operations Operations Items [e] Combined Operations Operations Items [e] Combined

Revenues
Cash trading $ 1,483 $ 268 $ - $ 1,751 $ 1,222 $ 486 $ - $ 1,708
Derivatives trading and clearing 136 484 - 620 108 621 - 729
Listing 273 27 - 300 269 25 - 294
Market data 165 140 - 305 156 165 - 321
Other revenues 189 146 (26 ) 309 192 53 - 245
Total revenues (1) 2,246 1,065 (26 ) 3,285 1,947 1,350 - 3,297
Liquidity payments, routing and clearing (2) (1,351 ) (96 ) 1 (1,446 ) (978 ) (120 ) - (1,098 )
Fixed operating expenses (717 ) (542 ) 8 (1,251 ) (661 ) [d] (573 ) (35 ) (1,269 )
Regulatory fine income 5 - - 5 3 - - 3
Operating income $ 183 $ 427 $ (17 ) $ 593 $ 311 $ 657 $ (35 ) $ 933

Net revenues= (1) + (2) $ 895 $ 969 $ (25 ) $ 1,839 $ 969 $ 1,230 $ - $ 2,199

The pro forma non-GAAP results of NYSE Euronext include the following adjustments to the GAAP results:

[a] The results of operations are presented as if the divestiture of the investment in GL Trade had been completed at the beginning of the earliest period presented.

[b] Merger expenses and exit costs of $8 million and $30 million have been eliminated from the results of operations for the three months ended September 30, 2009 and 2008, respectively, and $473 million and $83 million for the nine months ended September 30, 2009 and 2008, respectively, as they represent nonrecurring charges.

[c] Activity assessment fees and Section 31 fees have been excluded from revenues and expenses, respectively, as they have no impact on operating income or net income.

[d] Excludes $36 million of income from the reversal of an accrual relating to certain litigation between a former Chairman & CEO and the NYSE, which was terminated on July 31, 2008.

[e] Corporate Items include intercompany eliminations of revenues and expenses between U.S. and Europe.

NYSE Euronext
Reconciliation of non-GAAP financial measures to GAAP measures (unaudited)
(in millions)

We use non-GAAP financial measures of operating performance. Non-GAAP measures do not replace and are not superior to the presentation of
our GAAP financial results but are provided to improve overall understanding of our current financial performance and our prospects for the future.

Three months ended September 30, 2009 U.S. GAAP Pro Forma Pro Forma
Results Adjustments Combined

Revenues $ 1,163 $ (115 ) [a] $ 1,048
Operating expenses, net (974 ) 123 [b] (851 )
Operating income 189 8 197
Net interest and investment loss (28 ) - (28 )
Other income 10 (4 ) [c] 6
Income before income tax provision 171 4 175
Income tax provision (47 ) 9 [d] (38 )
Net income 124 13 137
Noncontrolling interest 1 - 1
Net income attributable to NYSE Euronext $ 125 $ 13 $ 138

Three months ended September 30, 2008 U.S. GAAP Pro Forma Pro Forma
Results Adjustments Combined

Revenues $ 1,205 $ (46 ) [a] $ 1,159
Operating expenses, net (938 ) 76 [b] (862 )
Operating income 267 30 297
Net interest and investment loss (31 ) - (31 )
Other income 5 - 5
Income before income tax provision 241 30 271
Income tax provision (70 ) (9 ) [d] (79 )
Income from discontinued operations, net of tax 3 (3 ) [e] -
Net income 174 18 192
Noncontrolling interest - - -
Net income attributable to NYSE Euronext $ 174 $ 18 $ 192

Nine months ended September 30, 2009 U.S. GAAP Pro Forma Pro Forma
Results Adjustments Combined

Revenues $ 3,556 $ (271 ) [a] $ 3,285
Operating expenses, net (3,436 ) 744 [b] (2,692 )
Operating income 120 473 593
Net interest and investment loss (81 ) - (81 )
Other income 19 (4 ) [c] 15
Income before income tax provision 58 469 527
Income tax provision (7 ) (134 ) [d] (141 )
Net income 51 335 386
Noncontrolling interest (4 ) - (4 )
Net income attributable to NYSE Euronext $ 47 $ 335 $ 382

Nine months ended September 30, 2008 U.S. GAAP Pro Forma Pro Forma
Results Adjustments Combined

Revenues $ 3,486 $ (189 ) [a] $ 3,297
Operating expenses, net (2,600 ) 236 [b] (2,364 )
Operating income 886 47 933
Net interest and investment loss (72 ) - (72 )
Gain on sale of businesses and equity investment 2 (2 ) -
Other income 28 - 28
Income before income tax provision 844 45 889
Income tax provision (244 ) (14 ) [d] (258 )
Income from discontinued operations, net of tax 5 (5 ) [e] -
Net income 605 26 631
Noncontrolling interest (5 ) - (5 )
Net income attributable to NYSE Euronext $ 600 $ 26 $ 626

[a] Includes Activity assessment fees.

[b] Includes the following adjustments:
Three months ended Nine months ended
September 30, 2009 September 30, 2008 September 30, 2009 September 30, 2008
Section 31 fees $ 115 $ 46 $ 271 $ 189
Merger expenses and exit costs 8 30 473 83
Compensation - - - (36 )*
$ 123 $ 76 $ 744 $ 236
* To eliminate the reversal of an accrual relating to certain litigation.

[c] Includes a $4 million net gain from the sale of our investment in BM&F Bovespa, partially offset by fair value adjustments of our investments in Hugin, an asset-held-for-sale, and BIDS Holdings, L.P.

[d] Includes the tax effect of pro forma adjustments and normalization of our effective tax rate.

[e] Includes the adjustment to present results of operations as if the divestiture of GL Trade had been completed at the beginning of the earliest period presented.

NYSE Euronext
Operating expenses including non-GAAP financial measures (unaudited)
(in millions)

We use non-GAAP financial measures of operating performance. Non-GAAP measures do not replace and are not superior to the presentation of our GAAP financial results but are provided to improve overall understanding of our current financial performance and our prospects for the future.

Operating expenses for the three months ended September 30, 2009 on a GAAP basis $ 978
less:
Section 31 fees (115 )
Liquidity payments (363 )
Routing and clearing (61 )
Merger expenses and exit costs (8 )

Fixed operating expenses for the three months ended September 30, 2009 431

Excluding the impact of:
Currency translation 10
Acquisitions and dispositions, net (21 ) *
New business initiatives (21 ) **
Duplicative datacenter and integration (2 )

Fixed operating expenses for the three months ended September 30, 2009 on a pro forma non-GAAP basis $ 397 [a]

Operating expenses for the three months ended September 30, 2008 on a GAAP basis $ 939
less:
Section 31 fees (46 )
Liquidity payments (358 )
Routing and clearing (77 )
Merger expenses and exit costs (30 )

Fixed operating expenses for the three months ended September 30, 2008 $ 428 [b]

Variance ($) $ (31 ) [a] - [b] = [c]
Variance (%) -7 % [c] / [b]

Operating expenses for the nine months ended September 30, 2009 on a GAAP basis $ 3,441
less:
Section 31 fees (271 )
Liquidity payments (1,242 )
Routing and clearing (204 )
Merger expenses and exit costs (473 )

Fixed operating expenses for the nine months ended September 30, 2009 1,251

Excluding the impact of:
Currency translation 74
Acquisitions and dispositions, net (109 ) *
New business initiatives (53 ) **
Duplicative datacenter and integration (15 )

Fixed operating expenses for the nine months ended September 30, 2009 on a pro forma non-GAAP basis $ 1,148 [d]

Operating expenses for the nine months ended September 30, 2008 on a GAAP basis $ 2,639 ***
less:
Section 31 fees (189 )
Liquidity payments (887 )
Routing and clearing (211 )
Merger expenses and exit costs (83 )

Fixed operating expenses for the nine months ended September 30, 2008 $ 1,269 [e]

Variance ($) $ (121 ) [d] - [e] = [f]
Variance (%) -10 % [f] / [e]

* Includes the contribution of Amex and AEMS.
** Includes the contribution of new business initiatives, primarily SFTI Europe, SmartPool, LiffeClear and NYSE Liffe U.S. (for the nine-month period only).
*** Adjusted to exclude $36 million of income from the reversal of an accrual related to certain litigation.

NYSE Euronext
Condensed consolidated statements of financial condition (unaudited)
(in millions)

September 30, 2009 December 31, 2008

Assets
Current assets:
Cash, cash equivalents, investment and other securities $ 497 $ 1,013
Accounts receivable, net 575 744
Deferred income taxes 90 113
Other current assets 275 156
Total current assets 1,437 2,026

Property and equipment, net 853 695
Goodwill 4,199 3,985
Other intangible assets, net 6,206 5,866
Deferred income taxes 664 671
Investment in associates and other assets 812 705
Total assets $ 14,171 $ 13,948

Liabilities and equity
Accounts payable and accrued expenses $ 1,058 $ 1,330
Deferred revenue 241 113
Short term debt 704 1,101
Deferred income taxes 26 38
Total current liabilities 2,029 2,582

Long term debt 2,197 1,787
Deferred income taxes 2,081 2,002
Accrued employee benefits 529 576
Deferred revenue 358 360
Other liabilities 177 67
Total liabilities 7,371 7,374

Equity 6,800 6,574

Total liabilities and equity $ 14,171 $ 13,948

NYSE Euronext
Selected Statistical Data:
Volume Summary - Cash Products

Average Daily Volume Total Volume Total Volume
(Unaudited) Q3 '09 Q3 '08 % Chg Q3 '09 Q3 '08 % Chg YTD 2009 YTD 2008 % Chg

Number of Trading Days - European Markets 66 66 - 66 66 - 191 192 -
Number of Trading Days - U.S. Markets 64 64 64 64 188 188 -

European Cash Products (trades in thousands) 1,319 1,552 -15.0% 87,046 102,421 -15.0% 263,858 293,235 -10.0%

Equities 1,267 1,502 -15.6% 83,633 99,146 -15.6% 252,636 283,250 -10.8%
Exchange-Traded Funds 14 8 73.2% 911 526 73.2% 2,694 1,496 80.1%
Structured Products 32 37 -12.9% 2,135 2,451 -12.9% 7,459 7,489 -0.4%
Bonds 6 5 23.1% 367 298 23.1% 1,069 1,000 6.9%

U.S. Cash Products (shares in millions) 2,926 3,622 -19.2% 187,293 231,803 -19.2% 662,283 632,836 4.7%

NYSE Listed Issues 1

NYSE Group Handled Volume 2 2,165 2,659 -18.6% 138,569 170,167 -18.6% 482,915 469,306 2.9%
NYSE Group Matched Volume 3 1,967 2,395 -17.9% 125,872 153,289 -17.9% 438,119 423,333 3.5%
Total NYSE Listed Consolidated Volume 5,546 5,633 -1.5% 354,934 360,498 -1.5% 1,127,225 905,642 24.5%

NYSE Group Share of Total NYSE Listed Consolidated Volume
Handled Volume 2 39.0% 47.2% -8.2% 39.0% 47.2% -8.2% 42.8% 51.8% -9.0%
Matched Volume 3 35.5% 42.5% -7.0% 35.5% 42.5% -7.0% 38.9% 46.7% -7.9%

NYSE Arca & Amex Listed Issues

NYSE Group Handled Volume 2 407 508 -19.8% 26,053 32,495 -19.8% 106,095 77,835 36.3%
NYSE Group Matched Volume 3 352 445 -20.9% 22,539 28,498 -20.9% 92,784 67,670 37.1%
Total NYSE Arca & Amex Listed Consolidated Volume 1,532 1,609 -4.8% 98,022 102,988 -4.8% 384,083 237,723 61.6%

NYSE Group Share of Total NYSE Arca & NYSE Amex Listed Consolidated Volume
Handled Volume 2 26.6% 31.6% -5.0% 26.6% 31.6% -5.0% 27.6% 32.7% -5.1%
Matched Volume 3 23.0% 27.7% -4.7% 23.0% 27.7% -4.7% 24.2% 28.5% -4.3%

Nasdaq Listed Issues

NYSE Group Handled Volume 2 354 455 -22.2% 22,671 29,141 -22.2% 73,273 85,696 -14.5%
NYSE Group Matched Volume 3 284 387 -26.7% 18,146 24,747 -26.7% 59,832 71,772 -16.6%
Total Nasdaq Listed Consolidated Volume 2,252 2,261 -0.4% 144,121 144,705 -0.4% 432,146 428,240 0.9%

NYSE Group Share of Total Nasdaq Listed Consolidated Volume
Handled Volume 2 15.7% 20.1% -4.4% 15.7% 20.1% -4.4% 17.0% 20.0% -3.1%
Matched Volume 3 12.6% 17.1% -4.5% 12.6% 17.1% -4.5% 13.8% 16.8% -2.9%

Exchange-Traded Funds 1,4

NYSE Group Handled Volume 2 386 539 -28.4% 24,685 34,473 -28.4% 104,496 82,759 26.3%
NYSE Group Matched Volume 3 335 474 -29.3% 21,453 30,338 -29.3% 91,621 72,391 26.6%
Total ETF Consolidated Volume 1,507 1,699 -11.3% 96,436 108,732 -11.3% 388,848 250,137 55.5%

NYSE Group Share of Total ETF Consolidated Volume
Handled Volume 2 25.6% 31.7% -6.1% 25.6% 31.7% -6.1% 26.9% 33.1% -6.2%
Matched Volume 3 22.2% 27.9% -5.7% 22.2% 27.9% -5.7% 23.6% 28.9% -5.4%

Please refer to footnotes on the following page.

NYSE Euronext
Selected Statistical Data:
Volume Summary - Derivatives Products

(Unaudited; contracts in thousands) Average Daily Volume Total Volume Total Volume
Q3 '09 Q3 '08 % Chg Q3 '09 Q3 '08 % Chg YTD 2009 YTD 2008 % Chg

Number of Trading Days - European Markets 66 66 - 66 66 - 191 192 -
Number of Trading Days - U.S. Markets 64 64 64 64 188 189

European Derivatives Products 3,807 3,756 1.4% 251,265 247,864 1.4% 792,109 813,622 -2.6%

Total Interest Rate Products5 1,907 1,920 -0.7% 125,878 126,723 -0.7% 385,125 443,738 -13.2%

Short Term Interest Rate Products 1,809 1,816 -0.4% 119,412 119,855 -0.4% 366,212 423,361 -13.5%
Medium and Long Term Interest Rate Products 98 104 -5.9% 6,466 6,868 -5.9% 18,913 20,377 -7.2%

Total Equity Products 6 1,853 1,786 3.8% 122,306 117,861 3.8% 397,997 359,465 10.7%

Total Individual Equity Products 1,272 1,116 14.0% 83,971 73,657 14.0% 280,130 234,432 19.5%
Total Equity Index Products 581 670 -13.3% 38,335 44,203 -13.3% 117,867 125,033 -5.7%

Bclear 853 637 34.1% 56,325 42,014 34.1% 204,565 145,208 40.9%
Individual Equity Products 729 519 40.6% 48,146 34,241 40.6% 179,381 124,880 43.6%
Equity Index Products 124 118 5.2% 8,179 7,773 5.2% 25,184 20,328 23.9%

Commodity Products 47 50 -6.1% 3,082 3,281 -6.1% 8,987 10,418 -13.7%

U.S. Derivatives Products - Equity Options 7

NYSE Group Options Contracts 2,580 1,763 46.3% 165,099 112,836 46.3% 467,409 328,292 42.4%
Total Consolidated Options Contracts 13,227 14,388 -8.1% 846,525 920,824 -8.1% 2,543,548 2,521,133 0.9%

NYSE Group Share of Total 19.5% 12.3% 19.5% 12.3% 18.4% 13.0% 5.4%

NYSE Liffe U.S.

Futures and Futures Options Volume 14.8 - 949.9 - 3,113.5 - -

1 Includes all volume executed in NYSE Group crossing sessions.

2 Represents the total number of shares of equity securities and ETFs internally matched on the NYSE Group's exchanges or routed to and executed at an external market center. NYSE Arca routing includes odd-lots.

3 Represents the total number of shares of equity securities and ETFs executed on the NYSE Group's exchanges.

4 Data included in previously identified categories.

5 Includes currency products.

6 Includes all trading activities for Bclear, NYSE Liffe's clearing service for wholesale derivatives.

7 Includes trading in U.S. equity options contracts, not equity-index options.

Source: NYSE Euronext, Options Clearing Corporation and Consolidated Tape as reported for equity securities.
All trading activity is single-counted, except European cash trading which is double counted to include both buys and sells.
US data has been updated for Amex integration for October 2008 forward.

NYSE Euronext
Selected Statistical Data:
Other Operating Statistics

Three Months Ended
(Unaudited) September 30, 2009 June 30, 2009 September 30, 2008

NYSE Euronext Listed Issuers

NYSE Listed Issuers

Issuers listed on U.S. Markets1 2,974 2,988 2,494
Number of new issuer listings1 61 73 66
Capital raised in connection with new listings ($millions)2 $ 3,098 $ 1,445 $ 188

Euronext Listed Issuers

Issuers listed on Euronext1 1,040 1,046 1,126
Number of new issuer listings3 16 6 25
Capital raised in connection with new listings ($millions)2 $ 7 $ 1 $ 392

NYSE Euronext Market Data

NYSE Market Data4

Share of Tape A revenues (%) 45.1 % 47.5 % 48.7 %
Share of Tape B revenues (%) 31.7 % 33.8 % 31.3 %
Share of Tape C revenues (%) 19.0 % 19.6 % 20.6 %
Professional subscribers (Tape A) 388,468 403,588 447,627

Euronext Market Data

Number of terminals 240,007 250,176 278,029

NYSE Euronext Operating Expenses

NYSE Euronext employee headcount5

NYSE Euronext headcount excluding GL Trade 3,399 3,538 3,505
GL Trade headcount n.a. n.a. 1,461

NYSE Euronext Financial Statistics

NYSE Euronext foreign exchange rate

Average €/US$ exchange rate $ 1.430 $ 1.364 $ 1.503
Average £/US$ exchange rate $ 1.641 $ 1.551 $ 1.893

1 Figures for NYSE listed issuers include listed operating companies, SPACs, closed-end funds, and ETFs, and do not include NYSE Arca, Inc. or structured products listed on the NYSE. There were 1,034 ETFs and 4 operating companies exclusively listed on NYSE Arca, Inc. as of September 30, 2009. There were 476 structured products listed on the NYSE as of September 30, 2009.
Figures for new issuer listings include NYSE new listings and new ETP listings only (NYSE Amex and NYSE Arca are excluded). Figures for Euronext present the operating companies were listed on Euronext and do not include NYSE Alternext, Free Market, closed funds, ETFs and structured product (warrants and certificates). As of September 30, 2009, 125 companies were listed on NYSE Alternext, 311 on Free Market and 480 ETFs were listed on NextTrack.

2 Euronext figures show capital raised in millions of dollars by operating companies listed on Euronext, NYSE Alternext and Free Market and do not include closed-end funds, ETFs and structured products (warrants and certificates). NYSE figures show capital raised in millions of dollars by operating companies listed on NYSE and NYSE Arca and do not include closed-end funds, ETFs and structured products.

3 Euronext figures include operating companies listed on Euronext, NYSE Alternext and Free Market and do not include closed-end funds, ETFs and structured products (warrants and certificates).

4 "Tape A" represents NYSE listed securities, "Tape B" represents NYSE Arca and NYSE Amex listed securities, and "Tape C" represents Nasdaq listed securities. Per Regulation NMS, as of April 1, 2007, share of revenues is derived through a formula based on 25% share of trading, 25% share of value traded, and 50% share of quoting, as reported to the consolidated tape. Prior to April 1, 2007, share of revenues for Tape A and B was derived based on number of trades reported to the consolidated tape, and share of revenue for Tape C was derived based on an average of share of trades and share of volume reported to the consolidated tape. The consolidated tape refers to the collection and dissemination of market data that multiple markets make available on a consolidated basis. Share figures exclude transactions reported to the
FINRA/NYSE Trade Reporting Facility.

5 NYSE Euronext sold its 40% stake in GL Trade in October 2008. NYSE Euronext headcount includes both the employees of NYXT and NYSE Amex for all periods presented.

Source: NYSE Euronext, Options Clearing Corporation and Consolidated Tape as reported for equity securities.

NYSE Euronext
Media:
+31.20.550.4488 (Amsterdam)
+32.2.509.1392 (Brussels)
+351.217.900.029 (Lisbon)
+44.20.7379.2789 (London)
+1.212.656.2140 (New York)
+33.1.49.27.11.33 (Paris)
or
Investor Relations:
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+33.1.49.27.58.60 (Paris)

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