NYSE Euronext — BrandWiki

location country	United States

area served	United States, European Union

fate	Acquired by Intercontinental Exchange, Euronext later spun off

key people	Duncan L. Niederauer (CEO)

services	Derivatives, equity trading platforms, futures and options markets, market data, securities exchanges

revenue	US$3.75 billion (2013)‡R1R‡

operating income	US$850 million (2011)‡R1R‡

net income	US$619 million (2011)‡R1R‡

assets	US$13.07 billion (2011)‡R1R‡

equity	US$6.581 billion (2011)‡R1R‡

num employees	3,061 (2012)‡R1R‡

divisions	New York Stock Exchange, Euronext (Amsterdam, Paris, Brussels, Lisbon), NYSE Arca, NYSE Liffe, NYSE Technologies

successor	Intercontinental Exchange

homepage	NYX.com

NYSE Euronext, Inc. was a transatlantic multinational financial services corporation that operated multiple securities exchanges, including the New York Stock Exchange, Euronext and NYSE Arca (formerly known as ArcaEx). NYSE merged with Archipelago Holdings on March 7, 2006, forming NYSE Group, Inc.[2] On April 4, 2007, NYSE Group, Inc. merged with Euronext N.V. to form the first global equities exchange, with its headquarters in Lower Manhattan.[3] The corporation was then acquired by Intercontinental Exchange, which subsequently spun off Euronext.[4]

Overview

NYSE Euronext offers a broad and growing array of financial products and services in cash equities, futures, options, exchange-traded products (ETPs), bonds, market data, and commercial technology. Spanning multiple asset classes and six countries, the company's exchanges include the New York Stock Exchange, Liffe, Euronext and NYSE Arca. With more than 8,000[5] listed issues (which includes 90% of the Dow Jones Industrial Average and 80% of the S&P 500,[6] trading on NYSE Euronext's equity markets represents more than one-third of the world's cash equities volume. The company also manages the leading European derivatives exchange by value of trading.

NYSE Euronext is part of the S&P 500 index and the only exchange operator in the S&P 100 index.[7]

NYSE Euronext is a Delaware corporation, though the principal executive office of NYSE Euronext is located at 11 Wall Street, New York, New York 10005. The European headquarters are at 39 Rue Cambon, 75001 in Paris, France.

Locations

Below is a list of major NYSE Euronext locations:

Amsterdam, Netherlands
Belfast, Northern Ireland
Brussels, Belgium
Chicago, Illinois, United States of America
Lisbon, Portugal
London, United Kingdom
New York City, New York, United States of America
Palo Alto, California, United States of America
Paris, France
San Francisco, California, United States of America

Mergers and acquisitions

NYSE and Archipelago Holdings

The merger between NYSE and Archipelago Holdings was initially approved in 2005 by a 95% majority of voting NYSE members.[8] The acquisition of Archipelago, which held possession of highly regarded market technology at the time, was intended to bring automated trading to NYSE markets (which had previously utilized an "open outcry" system) and increase efficiency.

For the first time in its 213-year history, the New York Stock Exchange became a for-profit company, and began trading publicly on its own stock exchange under the NYX ticker.[9] Owners of the 1,366 NYSE seats received 80,177 shares of NYSE Group stock plus $300,000 in cash and $70,571 in dividends for each seat.[10] The completion of this deal created two new branches of the NYSE Group: NYSE Arca and NYSE Arca Europe, which launched after the acquisition of Euronext.

NYSE Group and Euronext merger April 4, 2007

Company structure

Derivatives

The Derivatives segment consists of NYSE Euronext's derivatives trading and clearing businesses. This includes NYSE Liffe, NYSE Liffe Clearing, NYSE Liffe US, NYSE Amex Options, NYSE Arca Option, and related derivatives market data.[30]

NYSE Liffe

NYSE Liffe comprises the derivatives market operated by LIFFE Administration and Management, Euronext Amsterdam, Euronext Brussels, Euronext Lisbon, and Euronext Paris. It offers customers the advantages of one of the most technologically advanced derivatives trading platforms as well as one of the widest choices of products of any derivatives market.[30]

Through a single electronic trading platform, NYSE Liffe offers customers access to a wide range of interest-rate, equity, index, commodity and currency derivative products.

Global marketing and branding

NYSE Euronext maintains an active marketing campaign, both for its own brand, as well as for its listed companies. The Global Marketing and Branding department is responsible for the full spectrum of NYSE Euronext's brand marketing, including advertising, marketing communications, event management, and market research.[34]

Through the NYSE Global Partnership Program, NYSE Euronext has created a series of strategic resources to support its listed companies' growth initiatives, so as to act as a conduit that enables them to reach new and important audiences.[35] NYSE Euronext's 8,000 listed issues provide members with an extensive network of global investors and business leaders with which to interact. The company offers opportunities for co-branded advertising, linking listed companies to one another, as well as to the powerful brand that is NYSE Euronext.[36]

Events

The Events

External links

"NYSE stock soars 25 per cent after it goes public for first time in 214 years", CBC News, 2006-03-08

References

Annual Results 2010 NYSE Euronext, retrieved 27 February 2011^
"Archipelago" refers to, prior to and following the completion of its merger with the New York Stock Exchange, Inc., which occurred on March 7, 2006, Archipelago Holdings, Inc., a Delaware corporation, and, where the context requires, its predecessor, Archipelago Holdings, LLC, a Delaware limited liability company; NYSE, retrieved 2017-09-05^
Pallavi Gogoi.

Attempted merger between NYSE Euronext and Deutsche Börse

In 2011, Bloomberg reported that the German exchange operator Deutsche Börse was in advanced talks to buy NYSE Euronext for $9.53 billion in a deal that would create the world's largest trading powerhouse.[17] The shares of both companies were temporarily frozen on the news due to the risk of large price movements and clarifications of the deal. A successful deal would see the new company becoming the world's largest stock exchange operator with a market capitalization of listed companies equal to $15 trillion.[18]

The proposed group would have dual headquarters, in Deutsche Boerse's newly built green tower near Frankfurt, Germany, and in New York City at 11 Wall Street. It would be led by a board with seventeen members, fifteen directors plus the chairman and the CEO. Of the fifteen directors, nine to be designated by Deutsche Boerse and six by NYSE Euronext. Current NYSE Euronext CEO Duncan Niederauer would assume the same role with the newly founded company and would lead an executive committee with an equal number of current Deutsche Boerse and NYSE Euronext executives.[19]

On July 7, 2011, NYSE Euronext shareholders voted in favor of the merger, and on July 13, 2011, Deutsche Boerse shareholders approved the deal as well. These decisions move the two sides closer to completing the transaction, which must still pass through forty separate regulatory approval processes to be finalized.[20]

The merger was subject to review in both the United States and with the European Union (EU) for concerns it could create a "de facto monopoly". In October 2011, CEO Niederauer said the company had received the EU's so-called statement of objections, which was more than 100 pages long, and would be responding within two weeks, possibly by asking for the opportunity for an oral hearing with the regulators. The EU examination of the proposal formally began June 29 has said its expanded probe has a Dec. 13 deadline. In March, Joaquín Almunia, the EU's antitrust commissioner, expressed concern that the deal would maybe monopolize the derivatives market due to Deutsche Boerse's "vertical silo" which routes all trade clearing through its own services. Almunia said then he preferred a "more open business model" for markets.[21]

On December 22, 2011, Deutsche Boerse won U.S. antitrust approval to buy NYSE Euronext, on condition that a Deutsche Boerse subsidiary, the International Securities Exchange, divest its 31.5 percent interest in Direct Edge.[22] NYSE Euronext and Deutsche Boerse AG delayed the deadline for completing their merger until March 31, 2012, so the exchange operators could try to persuade European regulators to approve the deal.[23]

On February 1, 2012, the European Union blocked the planned merger between NYSE Euronext and Deutsche Boerse. The European Commission—the EU's executive body—ruled against the merger because, they said, the combined exchange would control more than 90% of the trade in European derivatives. The European Commission report stated, "The merger between Deutsche Boerse and NYSE Euronext would have led to a near-monopoly in European financial derivatives worldwide... These markets are at the heart of the financial system and it is crucial for the whole European economy that they remain competitive".[24]

On February 2, 2012, the NYSE Euronext and Deutsche Börse agreed with strong opposition by the EU for the planned merger, to scrap the merger.[25]

Cash Trading and Listings

The Cash Trading and Listings segment includes the New York Stock Exchange, Euronext, NYSE Amex, NYSE Arca, NYSE Alternext, NYSE Arca Europe, SmartPool, BlueNext, and NYSE Blue, as well as related cash trading market data.[30]

New York Stock Exchange

The New York Stock Exchange is registered as a national securities exchange under the Exchange Act. In addition to common stock, preferred stock and warrants, the NYSE lists debt and corporate structured products, such as capital securities, mandatory convertibles, and repackaged securities.[30]

Euronext

Euronext is the first integrated cross-border exchange, combining the stock exchanges of Amsterdam, Paris, Brussels and Lisbon into a single market. Issuers who meet European Union regulatory standards are qualified for listing on the regulated markets operated by Euronext. The company's exchanges list a wide variety of securities, including domestic and international equity securities, convertible bonds, warrants, trackers and debt securities, including corporate and government bonds.[30]

All of Euronext's markets are operated by its subsidiaries, each of which holds a national license as an exchange operator.[30]

NYSE Amex

NYSE Euronext completed its acquisition of the American Stock Exchange (Amex) on October 1, 2008. The transaction extended NYSE Euronext's leadership in U.S. option, cash equities, and exchange-traded funds (ETFs), making it the third largest U.S. equity options marketplace based on number of contracts traded. Since the merger, Amex has been integrated into the company, with former Amex listings now trading directly on the NYSE, and has begun trading certain Nasdaq-listed securities.[30]

NYSE Arca is the first electronic market to offer listed ETP issuers a Lead Market Maker program, which encourages liquidity provision that contributes to the best prices and depth in the ETP marketplace. It is registered as a national securities exchange under the Exchange Act.[30]

NYSE Alternext

NYSE Alternext was created by NYSE Euronext to meet the needs of small and mid-sized companies seeking simplified access to the stock market. Its streamlined listing requirements and trading rules are suited to the size and business needs of such firms. The rules also ensure investor transparency. NYSE Alternext's special listing procedures, unique market model, and listings of sponsor companies for members are its most notable features.[30]

NYSE Alternext is an exchange-regulated market with a lighter regulatory regime. It is not a regulated market as defined by the Markets in Financial Instruments Directive (MiFID), but rather is regulated by NYSE Euronext through a body of rules applicable to intermediaries and listed companies.[30]

NYSE Arca Europe

NYSE Arca Europe is a pan-European multilateral trading facility (MTF) that extends the trading scope of Euronext's regulated markets by adding blue-chip stocks from 14 European countries: Austria, Czech Republic, Denmark, Finland, France, Germany, Hungary, Ireland, Italy, Norway, Spain, Sweden, Switzerland, and the United Kingdom. Arca Europe integrates this trading facility with the other business components of the company, giving customers the flexibility in trading of an MTF while maintaining the global market reach of NYSE Euronext.[30]

SmartPool

SmartPool Trading Limited is a UK-registered company supplying an MTF approved by the Financial Services Authority (FSA). It provides an exchange-led dark pool for the execution of block orders covering 15 different European markets, with a full central counter party back-end through LCH.Clearnet and EuroCCP. SmartPool was created by NYSE Euronext in partnership with BNP Paribas, HSBC, and J.P. Morgan Chase.[30]

BlueNext and NYSE Blue

NYSE Euronext holds a 60% interest in BlueNext with the remaining 40% held by CDC Climat. BlueNext operates a spot market in carbon dioxide emission allowances and credits that is the European leader in the field. It seeks to establish a leading position in trading in environment-related instruments, and has also launched a futures market with physical delivery of allowances and credits.[30]

In September 2010, NYSE Euronext announced plans to create NYSE Blue, a new global company that will focus on environmental and sustainable energy markets. NYSE Euronext contributed its ownership in BlueNext in return for a majority interest in NYSE Blue, and APX, Inc. (a leading provider of regulatory infrastructure and services for environmental and sustainable energy markets) will contribute its business in return for a minority interest in the venture. The transaction closed on February 18, 2011.[30]

location city
type	Public
predecessors	NYSE Group, Inc. Euronext N.V.
industry	Financial services
foundation	April 4, 2007
defunct	2013

Overview

Locations

Mergers and acquisitions

NYSE and Archipelago Holdings

NYSE Group and Euronext merger April 4, 2007

Company structure

Derivatives

NYSE Liffe

Global marketing and branding

Events

External links

References

NYSE Euronext and NYFIX

Attempted merger between NYSE Euronext and Deutsche Börse

Intercontinental Exchange acquisition of NYSE Euronext

NYSE Amex Options

NYSE Arca Options

NYSE Liffe

NYSE Amex Options

NYSE Arca Options

Cash Trading and Listings

New York Stock Exchange

Euronext

NYSE Amex

NYSE Alternext

NYSE Arca Europe

SmartPool

BlueNext and NYSE Blue

New York Stock Exchange

Euronext

NYSE Amex

NYSE Alternext

NYSE Arca Europe

SmartPool

BlueNext and NYSE Blue

Information Services and Technology Solutions

NYSE Technologies

Marché Libre

NYSE Regulation and FINRA

NYSE Technologies

Marché Libre

NYSE Regulation and FINRA

Libor administration

Opening and closing ceremonies

Experience Square

NYSE Magazine

Opening and closing ceremonies

Experience Square

NYSE Magazine