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

BY Business Wire | 02/05/13 - 05:59 AM EST

Stock quotes in this article: NYX

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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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