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NYSE Euronext Announces Fourth Quarter And Full-Year 2012 Financial Results

Stocks in this article: NYX

You can find information about ICE and ICE’s directors and executive officers in ICE’s Annual Report on Form 10-K for the year ended December 31, 2011, as filed with the SEC on February 8, 2012, and ICE’s proxy statement for its 2012 annual meeting of stockholders, as filed with the SEC on March 30, 2012.

You can find information about NYSE Euronext and NYSE Euronext’s directors and executive officers in NYSE Euronext’s Annual Report on Form 10-K for the year ended December 31, 2011, as filed with the SEC on February 29, 2012, and NYSE Euronext’s proxy statement for its 2012 annual meeting of stockholders, filed with the SEC on March 26, 2012.

Additional information about the interests of potential participants will be included in the joint proxy statement/prospectuses, when it becomes available, and the other relevant documents filed by ICE and NYSE Euronext with the SEC.

 
NYSE Euronext
Condensed consolidated statements of income (unaudited)
(in millions, except per share data)
                   
Three months ended Year ended Dec. 31,
Dec. 31, 2012   Sept. 30, 2012   Dec. 31, 2011   2012       2011  
 
Revenues
Transaction and clearing fees $ 565 $ 570 $ 701 $ 2,393 $ 3,162
Market data 85 85 90 348 371
Listing 114 112 112 448 446
Technology services 87 81 95 341 358
Other revenues   58     54     56     219     215  
Total revenues 909 902 1,054 3,749 4,552
Transaction-based expenses:
Section 31 fees 75 74 84 301 371
Liquidity payments, routing and clearing   272     269     342     1,124     1,509  
Total revenues, less transaction-based expenses   562     559     628     2,324     2,672  
Other operating expenses
Compensation 144 145 159 601 638
Depreciation and amortization 64 64 68 260 280
Systems and communications 43 44 45 176 188
Professional services 81 76 80 299 299
Selling, general and administrative 60 59 106 245 303
Merger expenses and exit costs   73     18     46     134     114  
Total other operating expenses   465     406     504     1,715     1,822  
 
Operating income 97 153 124 609 850
Net interest and investment income (loss) (52 ) (28 ) (28 ) (136 ) (116 )
Loss from associates (3 ) (2 ) (4 ) (8 ) (9 )
Net loss on disposal activities - - - (2 ) -
Other income (loss)   3     1     -     7     -  
Income before income taxes 45 124 92 470 725
Income tax (provision) benefit   (14 )   (12 )   4     (105 )   (122 )
Net income 31 112 96 365 603
Net (income) loss attributable to noncontrolling interest   (3 )   (4 )   14     (17 )   16  
Net income attributable to NYSE Euronext $ 28   $ 108   $ 110   $ 348   $ 619  
 
Basic earnings per share attributable to NYSE Euronext $ 0.12 $ 0.44 $ 0.43 $ 1.39 $ 2.37
 
Diluted earnings per share attributable to NYSE Euronext $ 0.12 $ 0.44 $ 0.43 $ 1.39 $ 2.36
 
Basic weighted average shares outstanding 243 246 260 250 261
Diluted weighted average shares outstanding   244       247       262     250       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     Year ended Dec. 31,

Non-GAAP Reconciliation

Dec. 31, 2012   Sept. 30, 2012   Dec. 31, 2011   2012       2011  
 
Income (loss) before income taxes - GAAP $ 45 $ 124 $ 92 $ 470 $ 725
Excluding:
Merger expenses and exit costs 73 18 46 134 114
Debt refinancing costs 24 - - 24 -
BlueNext tax settlement - - 42 - 42
Net loss on disposal activities   -     -     -     2     -  
Income before income taxes - as adjusted 142 142 180 630 881
Income tax provision   (34 )   (30 )   (47 )   (151 )   (227 )
Net income - as adjusted 108 112 133 479 654
Net (income) loss attributable to noncontrolling interest (3 ) (4 ) 14 (17 ) 16
Excluding:
Noncontrolling interest impact on BlueNext tax settlement   -     -     (17 )   -     (17 )
Net income attributable to NYSE Euronext - as adjusted $ 105   $ 108   $ 130   $ 462   $ 653  
 
Diluted earnings per share attributable to NYSE Euronext $ 0.43   $ 0.44   $ 0.50   $ 1.84   $ 2.48  
 
 
NYSE Euronext
Segment Results (unaudited)
(in millions)
                                       
Three months ended Three months ended
December 31, 2012 December 31, 2011
    Information      

 

  Information    
Services and Corporate

Cash

Services and

 

Cash Trading Technology and

Trading and

Technology

Corporate and

Derivatives and Listings Solutions Eliminations Consolidated Derivatives Listings Solutions Eliminations Consolidated
 
Revenues
Transaction and clearing fees $ 198 $ 367 $ - $ - $ 565 $ 221 $ 480 $ - $ - $ 701
Market data 10 42 33 - 85 13 46 31 - 90
Listing - 114 - - 114 - 112 - - 112
Technology services - - 87 - 87 - - 96 (1 ) 95
Other revenues   13     45     -     -     58     10     45     -     1     56  
Total revenues 221 568 120 - 909 244 683 127 - 1,054
Transaction-based expenses:
Section 31 fees - 75 - - 75 - 84 - - 84
Liquidity payments, routing and clearing   61     211     -     -     272     58     284     -     -     342  
Total revenues, less transaction-based expenses 160 282 120 - 562 186 315 127 - 628
Depreciation and amortization [a] 9 41 14 - 64 10 43 15 - 68
BlueNext tax settlement [b] - - - - - - 42 - - 42
Merger expenses and exit costs (M&E) [c] 12 13 6 42 73 - 8 - 38 46
Other operating expenses   88     141     71     28     328     90     147     81     30     348  
Operating income - GAAP [d] $ 51   $ 87   $ 29   $ (70 ) $ 97   $ 86   $ 75   $ 31   $ (68 ) $ 124  
Operating income excluding M&E [d] + [c] + [b] $ 63   $ 100   $ 35   $ (28 ) $ 170   $ 86   $ 125   $ 31   $ (30 ) $ 212  
Adjusted EBITDA [d] + [c] + [b] + [a] $ 72     $ 141     $ 49     $ (28 )   $ 234   $ 96     $ 168     $ 46     $ (30 )   $ 280  
 
Operating margin excluding M&E & BlueNext tax settlement 39 % 35 % 29 % N/M 30 % 46 % 40 % 24 % N/M 34 %
Adjusted EBITDA margin 45 % 50 % 41 % N/M 42 % 52 % 53 % 36 % N/M 45 %
 
                                   
Year ended Year ended
December 31, 2012 December 31, 2011
Information

 

Information
Services and

Corporate

Cash

Services and
Cash Trading Technology

and

Trading and

Technology Corporate and
Derivatives and Listings Solutions Eliminations Consolidated Derivatives Listings Solutions Eliminations Consolidated
 
Revenues
Transaction and clearing fees $ 821 $ 1,572 $ - $ - $ 2,393 $ 1,046 $ 2,116 $ - $ - $ 3,162
Market data 43 173 132 - 348 48 193 130 - 371
Listing - 448 - - 448 - 446 - - 446
Technology services - - 341 - 341 - - 360 (2 ) 358
Other revenues   46     172     -     1     219     41     174     -     -     215  
Total revenues 910 2,365 473 1 3,749 1,135 2,929 490 (2 ) 4,552
Transaction-based expenses:
Section 31 fees - 301 - - 301 - 371 -

 

- 371
Liquidity payments, routing and clearing   228     896     -     -     1,124     274     1,235     -     -     1,509  
Total revenues, less transaction-based expenses 682 1,168 473 1 2,324 861 1,323 490 (2 ) 2,672
Depreciation and amortization [a] 39 167 54 - 260 50 182 48 - 280
BlueNext tax settlement [b] - - - - - - 42 - - 42
Merger expenses and exit costs (M&E) [c] 33 28 18 55 134 3 19 4 88 114
Other operating expenses   348     551     306     116     1,321     338     608     316     124     1,386  
Operating income - GAAP [d] $ 262   $ 422   $ 95   $ (170 ) $ 609   $ 470   $ 472   $ 122   $ (214 ) $ 850  
Operating income excluding M&E [d] + [c] + [b] $ 295   $ 450   $ 113   $ (115 ) $ 743   $ 473   $ 533   $ 126   $ (126 ) $ 1,006  
Adjusted EBITDA [d] + [c] + [b] + [a] $ 334     $ 617     $ 167     $ (115 )   $ 1,003   $ 523     $ 715     $ 174     $ (126 )   $ 1,286  
 
Operating margin excluding M&E & BlueNext tax settlement 43 % 39 % 24 % N/M 32 % 55 % 40 % 26 % N/M 38 %
Adjusted EBITDA margin 49 % 53 % 35 % N/M 43 % 61 % 54 % 36 % N/M 48 %
 
    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 December 31, 2012 - GAAP $ 465
Less:
Merger expenses and exit costs   (73 )
$ 392
Excluding the impact of:
Currency translation 1
New business initiatives (13 )
 
Fixed operating expenses for the three months ended December 31, 2012 - as adjusted $ 380   [a]
 
Fixed operating expenses for the three months ended December 31, 2011 - GAAP $ 504
Less:
Merger expenses and exit costs (46 )
BlueNext tax settlement   (42 )
$ 416   [b]
 
Variance ($) $ (36 ) [a] - [b] = [c]
Variance (%)   -9 % [c] / [b]
 
 
Fixed operating expenses for the year ended December 31, 2012 - GAAP $ 1,715
Less:
Merger expenses and exit costs   (134 )
$ 1,581
Excluding the impact of:
Currency translation 27
New business initiatives (42 )
 
Fixed operating expenses for the year ended December 31, 2012 - as adjusted $ 1,566   [a]
 
Fixed operating expenses for the year ended December 31, 2011 - GAAP $ 1,822
Less:
Merger expenses and exit costs (114 )
BlueNext tax settlement   (42 )
$ 1,666   [b]
 
Variance ($) $ (100 ) [a] - [b] = [c]
Variance (%)   -6 % [c] / [b]
 
 

Expense Base Development Versus Project 14 Cost Savings Plan

 
Fixed operating expenses for the year ended December 31, 2012 - GAAP $ 1,715
Less:
Merger expenses and exit costs (134 )
New business initiatives (44 )
Currency translation (1)   14  
Fixed operating expenses for the year ended December 31, 2012 - as adjusted $ 1,551   [a]
 
Fixed operating expenses for the year ended December 31, 2011 - GAAP $ 1,822
Less:
Merger expenses and exit costs (114 )
BlueNext tax settlement   (42 )
Fixed operating expenses for the year ended December 31, 2011 - as adjusted $ 1,666   [b]
 
 
Year to Date Project 14 Cost Savings - ($) $ 115   [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   46 %
 
(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)
       
December 31,

 2012 

 2011 

 
Assets
Current assets:
Cash, cash equivalents, and short term financial investments $ 380 $ 432
Accounts receivable, net 405 497
Deferred income taxes 67 108
Other current assets   156   152
Total current assets 1,008 1,189
 
Property and equipment, net 948 963
Goodwill 4,163 4,027
Other intangible assets, net 5,783 5,697
Deferred income taxes 74 594
Other assets   580   637
Total assets $ 12,556 $ 13,107
 
Liabilities and equity
Accounts payable and accrued expenses $ 824 $ 992
Deferred revenue 138 130
Short term debt 454 39
Deferred income taxes   -   23
Total current liabilities 1,416 1,184
 
Long term debt 2,055 2,036
Deferred income taxes 1,435 1,900
Accrued employee benefits 602 620
Deferred revenue 378 371
Other liabilities   27   63

Total liabilities

  5,913   6,174
 
Redeemable noncontrolling interest   274   295
 
Equity 6,369 6,638
   
Total liabilities and equity $ 12,556 $ 13,107
 
                                     

NYSE Euronext

Selected Statistical Data:

Volume Summary

 
Average Daily Volume Total Volume Average Daily Volume Total Volume
(Unaudited) 4Q12 3Q12 % ∆ 4Q12 vs. 3Q12 4Q11 % ∆ 4Q12 vs. 4Q11 4Q12 3Q12 % ∆ 4Q12 vs. 3Q12 4Q11 % ∆ 4Q12 vs. 4Q11 FY 2012 FY 2011 % ∆ FY 2012 FY 2011 % ∆
 
Number of Trading Days - European Cash 64 65 64 64 65 64 256 257 256 257
Number of Trading Days - European Derivatives 64 65 64 64 65 64 257 257 257 257
Number of Trading Days - U.S. Markets 62 63 63 62 63 63 250 252 250 252
 
European Derivatives Products (contracts in thousands) 3,534 3,383 4.5 % 3,615 -2.3 % 226,159 219,866 2.9 % 231,383 -2.3 % 3,719 4,469 -16.8 % 955,802 1,148,498 -16.8 %
of which Bclear 1,190 829 43.6 % 868 37.1 % 76,142 53,856 41.4 % 55,525 37.1 % 1,103 1,141 -3.3 % 283,554 293,243 -3.3 %
Avg. Net Revenue Per Contract (ex. Bclear) $ 0.673 $ 0.657 2.4 % $ 0.698 -3.6 % $ 0.673 $ 0.657 2.4 % $ 0.698 -3.6 %
Avg. Net Revenue Per Contract (ex. Bclear) - Currency Neutral $ 0.673 $ 0.667 0.9 % $ 0.713 -5.6 % $ 0.673 $ 0.667 0.9 % $ 0.713 -5.6 %
 
Total Interest Rate Products 1 1,562 1,731 -9.8 % 1,802 -13.3 % 99,978 112,531 -11.2 % 115,305 -13.3 % 1,754 2,250 -22.0 % 450,896 578,255 -22.0 %
 
Short Term Interest Rate Products 1,406 1,583 -11.2 % 1,668 -15.7 % 89,977 102,912 -12.6 % 106,737 -15.7 % 1,602 2,111 -24.1 % 411,806 542,541 -24.1 %
Medium and Long Term Interest Rate Products 156 148 5.6 % 134 16.7 % 10,001 9,619 4.0 % 8,568 16.7 % 152 139 9.5 % 39,089 35,714 9.5 %
 
Total Equity Products 2 1,875 1,551 20.9 % 1,742 7.6 % 120,005 100,803 19.0 % 111,480 7.6 % 1,875 2,138 -12.3 % 481,969 549,513 -12.3 %
 
Individual Equity Products 1,430 1,100 30.0 % 1,215 17.7 % 91,542 71,513 28.0 % 77,775 17.7 % 1,398 1,560 -10.4 % 359,382 401,004 -10.4 %
Futures 1,049 696 50.6 % 707 48.3 % 67,140 45,265 48.3 % 45,273 48.3 % 959 974 -1.6 % 246,542 250,442 -1.6 %
Options 381 404 -5.6 % 508 -24.9 % 24,402 26,248 -7.0 % 32,503 -24.9 % 439 586 -25.1 % 112,841 150,562 -25.1 %
Equity Index Products 445 451 -1.3 % 527 -15.6 % 28,463 29,290 -2.8 % 33,705 -15.6 % 477 578 -17.5 % 122,587 148,509 -17.5 %
 
of which Bclear 1,190 829 43.6 % 868 37.1 % 76,142 53,856 41.4 % 55,525 37.1 % 1,103 1,141 -3.3 % 283,554 293,243 -3.3 %
Individual Equity Products 1,106 754 46.7 % 789 40.2 % 70,803 49,014 44.5 % 50,508 40.2 % 1,027 1,060 -3.1 % 263,840 272,384 -3.1 %
Futures 1,038 670 54.9 % 698 48.8 % 66,435 43,560 52.5 % 44,658 48.8 % 938 959 -2.2 % 240,967 246,425 -2.2 %
Options 68 84 -18.7 % 91 -25.3 % 4,368 5,454 -19.9 % 5,850 -25.3 % 89 101 -11.9 % 22,873 25,959 -11.9 %
Equity Index Products 83 74 12.0 % 78 6.4 % 5,339 4,842 10.3 % 5,017 6.4 % 77 81 -5.5 % 19,714 20,858 -5.5 %
 
Commodity Products 97 100 -4.0 % 72 34.3 % 6,176 6,532 -5.4 % 4,598 34.3 % 89 81 10.6 % 22,937 20,730 10.6 %
 
U.S. Derivatives Products (contracts in thousands)
Avg. Net Revenue Per Contract (ex. Liffe U.S. volumes) $ 0.142 $ 0.144 -1.4 % $ 0.148 -4.1 % $ 0.142 $ 0.144 -1.4 % $ 0.148 -4.1 %
 
Equity Options Contracts 3 4,000 3,533 13.2 % 4,286 -6.7 % 248,007 222,578 11.4 % 270,024 -8.2 % 3,893 4,406 -11.6 % 973,140 1,110,193 -12.3 %
Total Consolidated Options Contracts 14,318 13,812 3.7 % 15,497 -7.6 % 887,740 870,150 2.0 % 976,280 -9.1 % 14,727 16,764 -12.2 % 3,681,821 4,224,605 99.8 %
 
Share of Total Consolidated Options Contracts 27.9 % 25.6 % 27.7 % 27.9 % 25.6 % 27.7 % 26.4 % 26.3 % 26.4 % 26.3 %
 
NYSE Liffe U.S.
 
Futures and Futures Options Volume* 55.2 66.4 -16.8 % 91.2 -39.4 % 3,591.0 4,247.6 -15.5 % 5,837.8 -38.5 % 72.7 81.2 -10.4 % 18,769.2 20,937.6 -10.4 %
 
European Cash Products (trades in thousands) 1,179 1,318 -10.6 % 1,585 -25.6 % 75,457 85,695 -11.9 % 101,450 -25.6 % 1,445 1,711 -15.5 % 370,013 439,717 -15.9 %
Avg. Net Revenue Per Transaction $ 0.583 $ 0.537 8.6 % $ 0.582 0.2 % $ 0.583 $ 0.537 8.6 % $ 0.582 0.2 %
Avg. Net Revenue Per Transaction - Currency Neutral $ 0.583 $ 0.556 4.9 % $ 0.560 4.1 % $ 0.583 $ 0.556 4.9 % $ 0.560 4.1 %
 
Equities 1,134 1,272 -10.9 % 1,522 -25.5 % 72,560 82,698 -12.3 % 97,434 -25.5 % 1,396 1,644 -15.1 % 357,365 422,517 -15.4 %
Exchange-Traded Funds 12 13 -5.5 % 20 -40.5 % 762 819 -6.9 % 1,281 -40.5 % 13 21 -35.0 % 3,412 5,270 -35.2 %
Structured Products 28 28 -2.3 % 38 -27.4 % 1,760 1,831 -3.8 % 2,426 -27.4 % 31 41 -25.7 % 7,886 10,649 -26.0 %
Bonds 6 5 9.4 % 5 21.0 % 375 348 7.7 % 309 21.0 % 5 5 5.8 % 1,350 1,281 5.3 %
 
U.S. Cash Products (shares in millions) 1,551 1,583 -2.1 % 2,133 -27.3 % 96,158 99,758 -3.6 % 134,373 -28.4 % 1,685 2,283 -26.2 % 421,338 575,223 -26.8 %
Avg. Net Revenue Per 100 Shares Handled $ 0.0399 $ 0.0401 -0.5 % $ 0.0394 1.3 % $ 0.0399 $ 0.0401 -0.5 % $ 0.0394 1.3 %
 
NYSE Listed (Tape A) Issues 4
 
Handled Volume 5 1,115 1,134 -1.7 % 1,490 -25.2 % 69,126 71,463 -3.3 % 93,849 -26.3 % 1,207 1,607 -24.9 % 301,769 404,910 -25.5 %
Matched Volume 6 1,069 1,078 -0.9 % 1,412 -24.3 % 66,250 67,921 -2.5 % 88,942 -25.5 % 1,147 1,523 -24.7 % 286,785 383,863 -25.3 %
Total NYSE Listed Consolidated Volume 3,405 3,412 -0.2 % 4,172 -18.4 % 211,117 214,981 -1.8 % 262,852 -19.7 % 3,659 4,370 -16.3 % 914,654 1,101,268 -16.9 %
 
Share of Total Consolidated Volume
Handled Volume 5 32.7 % 33.2 % 35.7 % 32.7 % 33.2 % 35.7 % 33.0 % 36.8 % 33.0 % 36.8 %
Matched Volume 6 31.4 % 31.6 % 33.8 % 31.4 % 31.6 % 33.8 % 31.4 % 34.9 % 31.4 % 34.9 %
 
NYSE Arca, MKT and Regional (Tape B) Listed Issues
 
Handled Volume 5 225 222 1.1 % 372 -39.7 % 13,928 14,005 -0.5 % 23,458 -40.6 % 248 381 -35.0 % 61,957 96,040 -35.5 %
Matched Volume 6 208 202 2.8 % 335 -38.0 % 12,889 12,741 1.2 % 21,120 -39.0 % 225 343 -34.6 % 56,127 86,460 -35.1 %
Total NYSE Arca & NYSE MKT Listed Consolidated Volume 971 939 3.3 % 1,452 -33.1 % 60,182 59,184 1.7 % 91,461 -34.2 % 1,055 1,474 -28.4 % 263,832 371,409 -29.0 %
 
Share of Total NYSE Arca & NYSE MKT Listed Consolidated Volume
Handled Volume 5 23.1 % 23.7 % 25.6 % 23.1 % 23.7 % 25.6 % 23.5 % 25.9 % 23.5 % 25.9 %
Matched Volume 6 21.4 % 21.5 % 23.1 % 21.4 % 21.5 % 23.1 % 21.3 % 23.3 % 21.3 % 23.3 %
 
Nasdaq Listed Issues (Tape C)
 
Handled Volume 5 211 227 -6.8 % 271 -22.0 % 13,104 14,289 -8.3 % 17,066 -23.2 % 230 295 -21.8 % 57,612 74,274 -22.4 %
Matched Volume 6 189 196 -3.8 % 234 -19.4 % 11,688 12,342 -5.3 % 14,727 -20.6 % 199 254 -21.6 % 49,756 63,941 -22.2 %
Total Nasdaq Listed Consolidated Volume 1,736 1,661 4.5 % 1,854 -6.4 % 107,620 104,663 2.8 % 116,830 -7.9 % 1,749 2,022 -13.5 % 437,168 509,421 -14.2 %
 
Share of Total Nasdaq Listed Consolidated Volume
Handled Volume 5 12.2 % 13.7 % 14.6 % 12.2 % 13.7 % 14.6 % 13.2 % 14.6 % 13.2 % 14.6 %
Matched Volume 6 10.9 % 11.8 % 12.6 % 10.9 % 11.8 % 12.6 % 11.4 % 12.6 % 11.4 % 12.6 %
 
Exchange-Traded Funds 5,7
 
Handled Volume 5 213 205 3.9 % 359 -40.7 % 13,193 12,903 2.3 % 22,619 -41.7 % 233 360 -35.4 % 58,195 90,741 -35.9 %
Matched Volume 6 197 186 5.9 % 323 -38.9 % 12,229 11,739 4.2 % 20,350 -39.9 % 211 324 -34.9 % 52,682 81,632 -35.5 %
Total ETF Consolidated Volume 940 890 5.6 % 1,433 -34.4 % 58,263 56,048 4.0 % 90,268 -35.5 % 1,020 1,420 -28.2 % 255,004 357,841 -28.7 %
 
Share of Total ETF Consolidated Volume
Handled Volume 5 22.6 % 23.0 % 25.1 % 22.6 % 23.0 % 25.1 % 22.8 % 25.4 % 22.8 % 25.4 %
Matched Volume 6 21.0 % 20.9 % 22.5 % 21.0 % 20.9 % 22.5 % 20.7 % 22.8 % 20.7 % 22.8 %
 
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 Full Year
(Unaudited) Dec. 31, 2012 Sept. 30, 2012 Dec. 31, 2011 2012 2011
 
NYSE Euronext Listed Issuers
 
NYSE Listed Issuers
 
Issuers listed on U.S. Markets 1 2,939 2,951 2,947 2,939 2,947
Number of new issuer listings 1 70 44 43 296 426
Capital raised in connection with new listings ($millions) 2 $5,971 $5,865 $4,079 $21,415 $27,388
 
Euronext Listed Issuers
 
Issuers listed on Euronext 1 893 906 932 893 932
Number of new issuer listings 3 14 6 12 40 59
Capital raised in connection with new listings ($millions) 2 $36 $3 $7 $3,436 $213
 
 
NYSE Euronext Market Data
 
NYSE Market Data 4
 
Share of Tape A revenues (%) 41.6% 41.4% 43.0% 41.1% 45.2%
Share of Tape B revenues (%) 26.9% 27.2% 29.3% 27.0% 30.2%
Share of Tape C revenues (%) 14.4% 15.4% 17.5% 15.1% 18.6%
Professional subscribers (Tape A) 337,988 356,210 371,878 337,988 371,878
 
Euronext Market Data
 
Number of terminals 209,686 211,850 226,282 209,686 226,282
 
 
NYSE Euronext Operating Expenses
 
NYSE Euronext employee headcount
 
NYSE Euronext headcount 5 3,079 3,061 3,077 3,079 3,077
 
 
NYSE Euronext Financial Statistics
 
NYSE Euronext foreign exchange rate
 
Average €/US$ exchange rate $1.298 $1.252 $1.348 $1.286 1.392
Average £/US$ exchange rate $1.606 $1.581 $1.573 $1.585 1.604
 
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 1,370 ETPs exclusively listed on NYSE Arca as of December 31, 2012. There were 402 corporate structured products listed on the NYSE as of December 31, 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 December 31, 2012, 180 companies were listed on NYSE Alternext, 262 on Free Market and 676 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 full year 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.
 

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