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NYSE Euronext Business Summary For March 2008 - New All-Time European And U.S. Equities Quarterly Volume Records - Cash Equities Volumes: +39% In Europe, +26% In The U.S. Y-T-D - Derivatives Volumes: +29% In Europe, +71% In The U.S. Y-T-D

Date 04/04/2008

NYSE Euronext (NYX) reported strong transaction volume growth in U.S. and European trading operations in March 2008, with double-digit increases in trading volume across all of NYSE Euronext’s products and exchanges compared to the same period in 2007 and year-to-date.  Additionally, NYSE Euronext’s cash equity exchanges in Europe and the U.S. achieved new all-time quarterly volume records for the quarter-ended March 31, 2008 with 103 million transactions and 191 billion shares traded, respectively[1].

Cash products:

  • NYSE Euronext’s European cash exchanges experienced continued volume growth with an average daily volume of 1.5 million transactions[2]per day, up 20% compared to March 2007 and a total year-to-date volume increase of 39% year-on-year. Additionally, Euronext registered strong growth in ETF transactions with a year-to-date increase of 66% and monthly increase of 52% versus the same period in 2007.

  • NYSE Euronext’s U.S. cash exchanges, the NYSE and NYSE Arca, reported an average daily volume increase of 22% in March, year-on-year.   Total handled[3] volume also increased 26% during the quarter, compared to the same period last year. NYSE Euronext’s U.S. exchanges experienced gains across all product categories in March 2008, including 18% for NYSE listed issues, 124% in NYSE Arca and Amex listed issues, 1% in Nasdaq listed issues, and 78% in ETFs, compared to March 2007.   With an average daily volume of 3.6 billion shares traded per day, NYSE Euronext’s U.S. equities exchanges handled more shares than any other market year-to-date.

Derivatives products:

  • NYSE Euronext’s derivatives trading operations on Liffe recorded substantial gains in overall activity during the first quarter of the year, with a 29% increase in total contracts traded year-to-date, compared to the same period in 2007. In March, Liffe traded over 87 million futures and options contracts, representing an average daily volume of 4.6 million, up 14% from the same month in 2007. Liffe’s short-term interest rate contracts registered an impressive 40% gain on an average daily volume basis year-on-year. For the year-to-date STIR volumes are up 43% compared to the same period in 2007.
  • Average daily volume on NYSE Arca Options increased 67% in March 2008 while total volume rose by 71% compared to the same month last year.   NYSE Arca Options again demonstrated the platform’s position as the U.S. Options industry’s fastest growing exchange, garnering approximately 14% percent of the trading in all options in March 2008, including 17.9% of all trading in the SEC Penny Pilot program.    Effective April 1, 2008 , NYSE Arca Options reduced fees for options and equities trading, by offering customers the highest rebate and lowest “take” fee among major U.S. equity markets.

Listings:

  • Listing activity was strong on NYSE Euronext exchanges in March 2008, particularly in European and U.S. ETF trading, where both Euronext and NYSE Arca continue to lead their respective markets. During the month, NYSE Arca listed 7 new Exchange Traded Products. Additionally, Euronext listed 35 new ETFs on NextTrack, bringing the total number of ETFs listed on its markets to 299, with more than 200 underlying indices. 

  • In March, NYSE Euronext’s U.S. markets added 19 new listings. During the month, the NYSE welcomed the $17.86 billion IPO of Visa, Inc. (NYSE: V), the largest U.S. IPO ever and third-largest global IPO in history. Also in March, Philip Morris International Inc. (NYSE Euronext: PM ) cross-listed on NYSE Euronext’s New York and Paris markets following its spin-off from Altria Group, Inc. (NYSE: MO).

  • NYSE Euronext’s Alternext market listed China Corn Oil, the first Chinese company to list on Alternext on March 25.

Please click here for the Monthly Transaction Activity Data Table.

Note:
Based on fourth-quarter 2007 non-GAAP net revenues (excluding activity assessment fees, and liquidity payments, routing and clearing fees) NYSE Euronext revenues from its primary business activities are represented below as a percentage of total net revenues:

  • Derivatives trading accounts for 23%
  • European cash trading accounts for 19%
  • U.S. cash trading accounts for 12%
  • Market data accounts for 13% 
  • Listing accounts for 13%
  • Software and technology services accounts for 14%

On March 31, 2008 : €1 = $1.5787

About NYSE Euronext
NYSE Euronext (NYX) operates the world’s leading and most liquid exchange group, and seeks to provide the highest levels of quality, customer choice and innovation.   Its family of exchanges, located in six countries, include the New York Stock Exchange, the world's largest cash equities market; Euronext, the Eurozone's largest cash equities market; Liffe, Europe's leading derivatives exchange by value of trading; and NYSE Arca Options, one of the fastest growing U.S. options trading platforms.  NYSE Euronext offers a diverse array of financial products and services for issuers, investors and financial institutions in cash equities, options and derivatives, ETFs, bonds, market data, and commercial technology solutions.  NYSE Euronext's nearly 4,000 listed companies represent a combined $30.5 trillion/€20.9 trillion in total global market capitalization (as of Dec. 31, 2007 ), more than four times that of any other exchange group.  NYSE Euronext's equity exchanges transact an average daily trading value of approximately $141 billion/€103 billion (as of Dec. 31, 2007 ), which represents more than one-third of the world's cash equities trading.  NYSE Euronext is part of the S&P 500 index and the only exchange operator in the S&P 100 index.  For more information, please visit 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 2006 ("document de référence") filed with the French Autorité des Marchés Financiers (Registered on June 6, 2007 under No. R.07-0089), 2007 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]Volume figures do not include the NYSE/FINRA Trade Reporting Facility.

[2]Euronext equities transactions count each buy and sell order as separate transactions, NYSE Group equities transactions count buy and sell orders together as a single transaction. All NYSE Euronext derivatives transactions count buy and sell orders together as a single transaction

[3]Handled shares represent the total number of shares of equity securities internally matched on the NYSE Group's exchanges or routed to and executed at an external market center.