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NYSE Euronext Announces Third Quarter 2012 Financial Results

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 approximately 8,000 listed issues (excluding European Structured Products), NYSE Euronext's equities markets - the New York Stock Exchange, NYSE Euronext, NYSE MKT, NYSE Alternext and NYSE Arca - represent one-third of the world’s equities trading, the most liquidity of any global exchange group. NYSE Euronext also operates NYSE Liffe, one of the leading European derivatives businesses 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. For more information, please visit: http://www.nyx.com.

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Disclaimer and 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 2011 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.

                   
NYSE Euronext
Condensed consolidated statements of income (unaudited)
(in millions, except per share data)
 
                     
Three months ended Nine months ended Sept. 30,
Sept. 30, 2012 June 30, 2012 Sept. 30, 2011 2012 2011
 
 
Revenues
Transaction and clearing fees $ 570 $ 649 $ 904 $ 1,828 $ 2,461
Market data 85 87 93 263 281
Listing 112 112 113 334 334
Technology services 81 87 92 254 263
Other revenues   54     51     56     161     159  
Total revenues 902 986 1,258 2,840 3,498

Transaction-based expenses:

Section 31 fees 74 86 109 226 287
Liquidity payments, routing and clearing   269     298     445     852     1,167  
Total revenues, less transaction-based expenses   559     602     704     1,762     2,044  
Other operating expenses
Compensation 145 152 160 457 480
Depreciation and amortization 64 66 72 196 212
Systems and communications 44 44 46 133 143
Professional services 76 69 77 218 219
Selling, general and administrative 59 65 61 185 197
Merger expenses and exit costs   18     12     29     61     68  
Total other operating expenses   406     408     445     1,250     1,319  
 
Operating income 153 194 259 512 725
Net interest and investment income (loss) (28 ) (28 ) (29 ) (84 ) (88 )
Loss from associates (2 ) (2 ) (2 ) (5 ) (5 )
Net loss on disposal activities - (2 ) - (2 ) -
Other income (loss)   1     3     (1 )   4     -  
Income before income taxes 124 165 227 425 632
Income tax provision   (12 )   (34 )   (21 )   (91 )   (126 )
Net income 112 131 206 334 506
Net (income) loss attributable to noncontrolling interest   (4 )   (6 )   (6 )   (14 )   2  
Net income attributable to NYSE Euronext $ 108   $ 125   $ 200   $ 320   $ 508  
 
Basic earnings per share attributable to NYSE Euronext $ 0.44 $ 0.50 $ 0.76 $ 1.27 $ 1.94
Diluted earnings per share attributable to NYSE Euronext $ 0.44 $ 0.49 $ 0.76 $ 1.26 $ 1.93
 
Basic weighted average shares outstanding 246 252 262 252 262
Diluted weighted average shares outstanding   247     253       263     253       263  
 
 

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 Nine months ended Sept. 30,

Non-GAAP Reconciliation

Sept. 30, 2012 June 30, 2012   Sept. 30, 2011 2012 2011
 
Income (loss) before income taxes - GAAP $ 124 $ 165 $ 227 $ 425 $ 632
Excluding:
Merger expenses and exit costs 18 12 29 61 68
Net loss on disposal activities   -     2     -     2     -  
Income before income taxes - as adjusted 142 179 256 488 700
Income tax provision   (30 )   (45 )   (64 )   (117 )   (180 )
Net income - as adjusted 112 134 192 371 520
Net (income) loss attributable to noncontrolling interest   (4 )   (6 )   (6 )   (14 )   2  
Net income attributable to NYSE Euronext - as adjusted $ 108   $ 128   $ 186   $ 357   $ 522  
 
Diluted earnings per share attributable to NYSE Euronext $ 0.44   $ 0.51   $ 0.71   $ 1.41   $ 1.98  
 
                                       
NYSE Euronext
Segment Results (unaudited)
(in millions)
                                                     
Three months ended Three months ended
September 30, 2012 September 30, 2011
Information Information
Cash Services Cash Services
Trading and Trading and
and Technology Corporate and and Technology Corporate and
Derivatives Listings Solutions Eliminations Consolidated Derivatives Listings Solutions Eliminations Consolidated
 
Revenues
Transaction and clearing fees $ 198 $ 372 $ - $ - $ 570 $ 288 $ 616 $ - $ - $ 904
Market data 11 42 32 - 85 11 49 33 - 93
Listing - 112 - - 112 - 113 - - 113
Technology services - - 81 - 81 - - 92 - 92
Other revenues   11   43   -   -   54   9   47   -   -   56
Total revenues 220 569 113 - 902 308 825 125 - 1,258
Transaction-based expenses:
Section 31 fees - 74 - - 74 - 109 - - 109
Liquidity payments, routing and clearing   56   213   -   -   269   82   363   -   -   445
Total revenues, less transaction-based expenses 164 282 113 - 559 226 353 125 - 704
Depreciation and amortization [a] 10 41 13 - 64 11 47 14 - 72
Merger expenses and exit costs (M&E) [b] 13 2 2 1 18 1 6 2 20 29
Other operating expenses   86   137   77   24   324   86   151   80   27   344
Operating income - GAAP [c] $ 55 $ 102 $ 21 $ (25) $ 153 $ 128 $ 149 $ 29 $ (47) $ 259
Operating income excluding M&E [c] + [b] $ 68 $ 104 $ 23 $ (24) $ 171 $ 129 $ 155 $ 31 $ (27) $ 288
Adjusted EBITDA [c] + [a] + [b] $ 78   $ 145   $ 36   $ (24)   $ 235 $ 140   $ 202   $ 45   $ (27)   $ 360
 
Operating margin excluding M&E 41% 37% 20% N/M 31% 57% 44% 25% N/M 41%
Adjusted EBITDA margin 48% 51% 32% N/M 42% 62% 57% 36% N/M 51%
 
                                                   
Nine months ended Nine months ended
September 30, 2012 September 30, 2011
Information Information
Cash Services Cash Services
Trading and Trading and
and Technology Corporate and and Technology Corporate and
Derivatives Listings Solutions Eliminations Consolidated Derivatives Listings Solutions Eliminations Consolidated
 
Revenues
Transaction and clearing fees $ 623 $ 1,205 $ - $ - $ 1,828 $ 825 $ 1,636 $ - $ - $ 2,461
Market data 33 131 99 - 263 35 147 99 - 281
Listing - 334 - - 334 - 334 - - 334
Technology services - - 254 - 254 - - 264 (1) 263
Other revenues   33   127   -   1   161   31   129   -   (1)   159
Total revenues 689 1,797 353 1 2,840 891 2,246 363 (2) 3,498
Transaction-based expenses:
Section 31 fees - 226 - - 226 - 287 - # - 287
Liquidity payments, routing and clearing   167   685   -   -   852   216   951   -   -   1,167
Total revenues, less transaction-based expenses 522 886 353 1 1,762 675 1,008 363 (2) 2,044
Depreciation and amortization [a] 30 126 40 - 196 40 139 33 - 212
Merger expenses and exit costs (M&E) [b] 21 15 12 13 61 3 11 4 50 68
Other operating expenses   260   410   235   88   993   248   461   235   95   1,039
Operating income - GAAP [c] $ 211 $ 335 $ 66 $ (100) $ 512 $ 384 $ 397 $ 91 $ (147) $ 725
Operating income excluding M&E [c] + [b] $ 232 $ 350 $ 78 $ (87) $ 573 $ 387 $ 408 $ 95 $ (97) $ 793
Adjusted EBITDA [c] + [a] + [b] $ 262   $ 476   $ 118   $ (87)   $ 769 $ 427   $ 547   $ 128   $ (97)   $ 1,005
 
Operating margin excluding M&E 44% 40% 22% N/M 33% 57% 40% 26% N/M 39%
Adjusted EBITDA margin 50% 54% 33% N/M 44% 63% 54% 35% N/M 49%
 
 
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.
N/M = Not meaningful
         
NYSE Euronext
Fixed operating expenses (unaudited)
(in millions)
 

Expense Base Development on a Constant $ / Constant Portfolio Basis

 
Fixed operating expenses for the three months ended September 30, 2012 - GAAP $ 406
Less:
Merger expenses and exit costs   (18 )
$ 388
Excluding the impact of:
Currency translation 10
New business initiatives   (11 )  
Fixed operating expenses for the three months ended September 30, 2012 - as adjusted $ 387   [a]
 
Fixed operating expenses for the three months ended September 30, 2011 - GAAP $ 445
Less:
Merger expenses and exit costs   (29 )
$ 416   [b]
 
Variance ($) $ (29 ) [a] - [b] = [c]
Variance (%)   -7 % [c] / [b]
 
Fixed operating expenses for the nine months ended September 30, 2012 - GAAP $ 1,250
Less:
Merger expenses and exit costs   (61 )
$ 1,189
Excluding the impact of:
Currency translation 26
New business initiatives   (29 )
Fixed operating expenses for the nine months ended September 30, 2012 - as adjusted $ 1,186   [a]
 
Fixed operating expenses for the nine months ended September 30, 2011 - GAAP $ 1,319
Less:
Merger expenses and exit costs   (68 )
$ 1,251   [b]
 
Variance ($) $ (65 ) [a] - [b] = [c]
Variance (%)   -5 % [c] / [b]
 
 

Expense Base Development Versus Project 14 Cost Savings Plan

 
Fixed operating expenses for the nine months ended September 30, 2012 - GAAP $ 1,250
Less:
Merger expenses and exit costs (61 )
New business initiatives (31 )
Currency translation (1)   11  
Fixed operating expenses for the nine months ended September 30, 2012 - as adjusted $ 1,169   [a]
 
Fixed operating expenses for the nine months ended September 30, 2011 - GAAP $ 1,319
Less:
Merger expenses and exit costs   (68 )
Fixed operating expenses for the nine months ended September 30, 2011 - as adjusted $ 1,251   [b]
 
 
Year to Date Project 14 Cost Savings - ($) $ 82   [b]-[a] = [c]
 
Year to Date Project 14 Cost Savings - (%)   7 % [c] / [b]
 
Project 14 Cost Savings to date as % of total $250 million plan   33 %
 
 
(1) We measure the Project 14 cost savings utilizing constant currency rates of $1.35 for the Euro and $1.60 for the Pound Sterling.
 

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.

       
NYSE Euronext
Condensed consolidated statements of financial condition (unaudited)
(in millions)
 
September 30, 2012 December 31, 2011
 
Assets
Current assets:
Cash, cash equivalents, and short term financial investments $ 341 $ 432
Accounts receivable, net 477 497
Deferred income taxes 71 108
Other current assets   160   152
Total current assets 1,049 1,189
 
Property and equipment, net 944 963
Goodwill 4,139 4,027
Other intangible assets, net 5,715 5,697
Deferred income taxes 535 594
Other assets   577   637
Total assets $ 12,959 $ 13,107
 
Liabilities and equity
Accounts payable and accrued expenses $ 650 $ 992
Deferred revenue 225 130
Short term debt 866 39
Deferred income taxes   3   23
Total current liabilities 1,744 1,184
 
Long term debt 1,616 2,036
Deferred income taxes 1,898 1,900
Accrued employee benefits 562 620
Deferred revenue 373 371
Other liabilities   25   63
Total liabilities   6,218   6,174
 
Redeemable noncontrolling interest   281   295
 
Equity 6,460 6,638
   
Total liabilities and equity $ 12,959 $ 13,107
 
                                                       

NYSE Euronext

Selected Statistical Data:

Volume Summary

 
Average Daily Volume Total Volume Total Volume
(Unaudited) 3Q12 2Q12 % ∆ 3Q12 vs. 2Q12 3Q11 % ∆ 3Q12 vs. 3Q11 3Q12 2Q12 % ∆ 3Q12 vs. 2Q12 3Q11 % ∆ 3Q12 vs. 3Q11 YTD 2012 YTD 2011 % ∆
 
Number of Trading Days - European Cash 65 62 66 65 62 66 192 193
Number of Trading Days - European Derivatives 65 63 66 65 63 66 193 193
Number of Trading Days - U.S. Markets 63 63 64 63 63 64 188 189
 
European Derivatives Products (contracts in thousands) 3,386 4,654 -27.2 % 4,349 -22.1 % 219,866 293,182 -25.0 % 287,064 -23.4 % 729,643 917,115 -20.4 %
of which Bclear 829 1,743 -52.5 % 826 0.3 % 53,856 109,827 -51.0 % 54,508 -1.2 % 207,412 237,718 -12.7 %
Avg. Net Revenue Per Contract (ex. Bclear) $ 0.657 $ 0.674 -2.5 % $ 0.679 -3.2 % $ 0.657 $ 0.674 -2.5 % $ 0.679 -3.2 %
Avg. Net Revenue Per Contract (ex. Bclear) - Currency Neutral $ 0.657 $ 0.673 -2.4 % $ 0.666 -1.4 % $ 0.657 $ 0.673 -2.4 % $ 0.666 -1.4 %
 
Total Interest Rate Products 1 1,735 1,953 -11.2 % 2,347 -26.1 % 112,531 123,059 -8.6 % 154,927 -27.4 % 350,918 462,950 -24.2 %
 
Short Term Interest Rate Products 1,587 1,801 -11.9 % 2,198 -27.8 % 102,912 113,479 -9.3 % 145,086 -29.1 % 321,829 435,804 -26.2 %
Medium and Long Term Interest Rate Products 148 152 -2.7 % 149 -0.8 % 9,619 9,580 0.4 % 9,841 -2.3 % 29,089 27,146 7.2 %
 
Total Equity Products 2 1,551 2,622 -40.9 % 1,923 -19.4 % 100,803 165,188 -39.0 % 126,943 -20.6 % 361,965 438,033 -17.4 %
 
Individual Equity Products 1,100 2,065 -46.7 % 1,250 -12.0 % 71,513 130,086 -45.0 % 82,515 -13.3 % 267,841 323,229 -17.1 %
Futures 696 1,603 -56.5 % 658 5.9 % 45,265 100,962 -55.2 % 43,421 4.2 % 179,402 205,169 -12.6 %
Options 404 462 -12.6 % 592 -31.8 % 26,248 29,124 -9.9 % 39,094 -32.9 % 88,439 118,060 -25.1 %
Equity Index Products 451 557 -19.1 % 673 -33.1 % 29,290 35,102 -16.6 % 44,428 -34.1 % 94,124 114,805 -18.0 %
 
of which Bclear 829 1,743 -52.5 % 826 0.3 % 53,856 109,827 -51.0 % 54,508 -1.2 % 207,412 237,718 -12.7 %
Individual Equity Products 754 1,667 -54.8 % 733 2.8 % 49,014 105,025 -53.3 % 48,400 1.3 % 193,037 221,876 -13.0 %
Futures 670 1,561 -57.1 % 635 5.6 % 43,560 98,312 -55.7 % 41,901 4.0 % 174,532 201,767 -13.5 %
Options 84 107 -21.3 % 98 -14.8 % 5,454 6,713 -18.8 % 6,499 -16.1 % 18,505 20,109 -8.0 %
Equity Index Products 74 76 -2.3 % 93 -19.5 % 4,842 4,801 0.8 % 6,108 -20.7 % 14,375 15,841 -9.3 %
 
Commodity Products 100 78 28.3 % 79 27.7 % 6,532 4,935 32.4 % 5,193 25.8 % 16,761 16,131 3.9 %
 
U.S. Derivatives Products (contracts in thousands)
Avg. Net Revenue Per Contract (ex. Liffe U.S. volumes) $ 0.144 $ 0.150 -4.0 % $ 0.154 -6.5 % $ 0.144 $ 0.150 -4.0 % $ 0.154 -6.5 %
 
Equity Options Contracts 3 3,533 3,915 -9.8 % 4,866 -27.4 % 222,578 246,634 -9.8 % 311,430 -28.5 % 725,134 840,169 -13.7 %
Total Consolidated Options Contracts 13,812 14,911 -7.4 % 18,477 -25.2 % 870,150 939,423 -7.4 % 1,182,554 -26.4 % 2,794,081 3,248,325 51.6 %
 
Share of Total Consolidated Options Contracts 25.6 % 26.3 % 26.3 % 25.6 % 26.3 % 26.3 % 26.0 % 25.9 % 0.1 %
 
NYSE Liffe U.S.
 
Futures and Futures Options Volume* 66.4 73.4 -9.5 % 117.8 -43.7 % 4,247.6 4,769.3 -10.9 % 7,774.6 -45.4 % 15,178.2 15,099.8 0.5 %
 
European Cash Products (trades in thousands) 1,318 1,709 -22.8 % 1,907 -30.9 % 85,695 105,934 -19.1 % 125,891 -31.9 % 294,556 338,267 -12.9 %
Avg. Net Revenue Per Transaction $ 0.537 $ 0.519 3.5 % $ 0.635 -15.4 % $ 0.537 $ 0.519 3.5 % $ 0.635 -15.4 %
Avg. Net Revenue Per Transaction - Currency Neutral $ 0.537 $ 0.506 6.1 % $ 0.563 -4.6 % $ 0.537 $ 0.506 6.1 % $ 0.563 -4.6 %
 
Equities 1,272 1,656 -23.2 % 1,832 -30.5 % 82,698 102,668 -19.5 % 120,893 -31.6 % 284,805 325,084 -12.4 %
Exchange-Traded Funds 13 14 -12.2 % 25 -49.3 % 819 890 -8.0 % 1,641 -50.1 % 2,650 3,988 -33.6 %
Structured Products 28 33 -15.2 % 46 -39.1 % 1,831 2,059 -11.1 % 3,052 -40.0 % 6,125 8,223 -25.5 %
Bonds 5 5 4.7 % 5 15.8 % 348 317 9.7 % 305 14.0 % 976 972 0.4 %
 
U.S. Cash Products (shares in millions) 1,583 1,818 -12.9 % 2,608 -39.3 % 99,758 114,541 -12.9 % 166,914 -40.2 % 325,180 440,850 -26.2 %
Avg. Net Revenue Per 100 Shares Handled $ 0.0401 $ 0.0428 -6.3 % $ 0.0383 4.7 % $ 0.0401 $ 0.0428 -6.3 % $ 0.0383 4.7 %
 
NYSE Listed (Tape A) Issues 4
 
Handled Volume 5 1,134 1,304 -13.0 % 1,806 -37.2 % 71,463 82,157 -13.0 % 115,591 -38.2 % 232,644 311,061 -25.2 %
Matched Volume 6 1,078 1,239 -13.0 % 1,717 -37.2 % 67,921 78,081 -13.0 % 109,900 -38.2 % 220,535 294,921 -25.2 %
Total NYSE Listed Consolidated Volume 3,412 3,885 -12.2 % 4,801 -28.9 % 214,981 244,756 -12.2 % 307,295 -30.0 % 703,537 838,416 -16.1 %
 
Share of Total Consolidated Volume
Handled Volume 5 33.2 % 33.6 % 37.6 % -4.4 % 33.2 % 33.6 % 37.6 % 33.1 % 37.1 %
Matched Volume 6 31.6 % 31.9 % 35.8 % -4.2 % 31.6 % 31.9 % 35.8 % 31.3 % 35.2 %
 
NYSE Arca, MKT and Regional (Tape B) Listed Issues
 
Handled Volume 5 222 279 -20.3 % 469 -52.6 % 14,005 17,582 -20.3 % 30,007 -53.3 % 48,029 72,582 -33.8 %
Matched Volume 6 202 251 -19.5 % 423 -52.2 % 12,741 15,826 -19.5 % 27,094 -53.0 % 43,238 65,340 -33.8 %
Total NYSE Arca & NYSE MKT Listed Consolidated Volume 939 1,188 -20.9 % 1,798 -47.8 % 59,184 74,843 -20.9 % 115,086 -48.6 % 203,650 279,949 -27.3 %
 
Share of Total NYSE Arca & NYSE MKT Listed Consolidated Volume
Handled Volume 5 23.7 % 23.5 % 26.1 % 23.7 % 23.5 % 26.1 % 23.6 % 25.9 %
Matched Volume 6 21.5 % 21.1 % 23.5 % 21.5 % 21.1 % 23.5 % 21.2 % 23.3 %
 
Nasdaq Listed Issues (Tape C)
 
Handled Volume 5 227 240 -5.5 % 333 -31.9 % 14,289 15,123 -5.5 % 21,316 -33.0 % 44,507 57,208 -22.2 %
Matched Volume 6 196 206 -4.7 % 292 -33.0 % 12,342 12,950 -4.7 % 18,719 -34.1 % 38,067 49,214 -22.6 %
Total Nasdaq Listed Consolidated Volume 1,661 1,802 -7.8 % 2,183 -23.9 % 104,663 113,554 -7.8 % 139,681 -25.1 % 329,548 392,592 -16.1 %
 
Share of Total Nasdaq Listed Consolidated Volume
Handled Volume 5 13.7 % 13.3 % 15.3 % 13.7 % 13.3 % 15.3 % 13.5 % 14.6 %
Matched Volume 6 11.8 % 11.4 % 13.4 % 11.8 % 11.4 % 13.4 % 11.6 % 12.5 %
 
Exchange-Traded Funds 5,7
 
Handled Volume 5 205 265 -22.7 % 455 -55.0 % 12,903 16,693 -22.7 % 29,119 -55.7 % 45,002 68,122 -33.9 %
Matched Volume 6 186 238 -21.7 % 410 -54.6 % 11,739 14,995 -21.7 % 26,271 -55.3 % 40,453 61,281 -34.0 %
Total ETF Consolidated Volume 890 1,167 -23.7 % 1,783 -50.1 % 56,048 73,495 -23.7 % 114,109 -50.9 % 196,741 267,573 -26.5 %
 
Share of Total ETF Consolidated Volume
Handled Volume 5 23.0 % 22.7 % 25.5 % 23.0 % 22.7 % 25.5 % 22.9 % 25.5 %
Matched Volume 6 20.9 % 20.4 % 23.0 % 20.9 % 20.4 % 23.0 % 20.6 % 22.9 %
 

1

 

Data includes currency products.

2

Includes trading activities for Bclear, NYSE Liffe's service for Equity OTC derivatives.

3

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

4

Includes all volume executed in NYSE Euronext's U.S. crossing sessions.

5

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

6

Represents the total number of shares of equity securities and ETFs executed on the NYSE Euronext's U.S. exchanges.

7

Data included in previously identified categories.

*

ADVs calculated with the appropriate number of NYSE Liffe U.S. trading days.

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.
 
           
NYSE Euronext

Selected Statistical Data:

Other Operating Statistics

   
Three Months Ended
(Unaudited) Sept. 30, 2012 June 30, 2012 Sept. 30, 2011
 
NYSE Euronext Listed Issuers
 
NYSE Listed Issuers
 
Issuers listed on U.S. Markets 1 2,951 2,968 2,948
Number of new issuer listings 1 44 75 78
Capital raised in connection with new listings ($millions) 2 $5,865 $5,086 $2,199
 
Euronext Listed Issuers
 
Issuers listed on Euronext 1 906 923 947
Number of new issuer listings 3 6 10 17
Capital raised in connection with new listings ($millions) 2 $3 $1,912 $107
 
 
NYSE Euronext Market Data
 
NYSE Market Data 4
 
Share of Tape A revenues (%) 41.4% 41.4% 44.5%
Share of Tape B revenues (%) 27.2% 27.0% 30.0%
Share of Tape C revenues (%) 15.4% 15.1% 18.7%
Professional subscribers (Tape A) 356,210 360,121 374,784
 
Euronext Market Data
 
Number of terminals 211,850 216,752 231,474
 
 
NYSE Euronext Operating Expenses
 
NYSE Euronext employee headcount
 
NYSE Euronext headcount 5 3,061 3,062 3,074
 
 
NYSE Euronext Financial Statistics
 
NYSE Euronext foreign exchange rate
 
Average €/US$ exchange rate $1.252 $1.284 $1.414
Average £/US$ exchange rate $1.581 $1.583 $1.611
 
1   Figures for NYSE listed issuers include listed operating companies, special-purpose acquisition companies and closed-end funds listed on the NYSE and NYSE MKT and do not include NYSE Arca or structured products listed on the NYSE. There were 1,379 ETPs exclusively listed on NYSE Arca as of September 30, 2012. There were 413 corporate structured products listed on the NYSE as of September 30, 2012.

Figures for new issuer listings include NYSE new listings (including new operating companies, special-purpose acquisition companies and closed-end funds listing on NYSE) and new ETP listings on NYSE Arca (NYSE MKT is excluded). Figures for Euronext present the operating companies were listed on Euronext and do not include NYSE Alternext, Free Market, closed-end funds, ETFs and structured product (warrants and certificates). As of September 30, 2012, 183 companies were listed on NYSE Alternext, 262 on Free Market and 681 ETPs 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 MKT 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 Headcount for June 30, 2012 includes 99 employees in connection with the recent acquisition of Corpedia.
Source: NYSE Euronext, Options Clearing Corporation and Consolidated Tape as reported for equity securities.




Stock quotes in this article: NYX 

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