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NYSE Group, Inc. Announces Third Quarter 2006 Financial Results

Date 26/10/2006

NYSE Group, Inc. (NYSE: NYX) today reported net income of $68.0 million, or $0.43 per diluted share, for the three months ended September 30, 2006, a 209% increase compared to $22.0 million, or $0.19 per diluted share, for the three months ended September 30, 2005. These results are presented in accordance with U.S. Generally Accepted Accounting Principles (GAAP).

Third quarter 2006 results include the full quarter results from the operations of NYSE Arca, Inc. (formerly known as the Archipelago Exchange, or ArcaEx(R), and the Pacific Exchange). The merger between NYSE, Inc. and Archipelago Holdings, Inc. (or "Archipelago") was completed on March 7, 2006. Fiscal 2005 results include only the operations of NYSE, Inc., the predecessor of NYSE Group.

Included in the third quarter results are $7.7 million in merger expenses consisting of lease termination, severance and related exit costs ($5.1 million), and other professional fees incurred in connection with both the integration of the Archipelago businesses and the contemplated merger with Euronext N.V. ($2.6 million). Also included in the third quarter results is a $7.2 million gain for a one-time payment received from the National Securities Clearing Corporation and Fixed Income Clearing Corporation in connection with the previously announced phase out of their service agreement with SIAC, a subsidiary of NYSE Group.

On a non-GAAP basis, giving effect to the Archipelago transaction as if it occurred at the beginning of the earliest period presented, and excluding the above merger expenses, exit costs and one-time gain, the net income of NYSE Group for the three months ended September 30, 2006 would have been $68.2 million, or $0.43 per diluted share, a $38.6 million or 130% increase as compared to net income, on a non-GAAP basis, of $29.6 million, or $0.18 per diluted share, for the three months ended September 30, 2005. A full reconciliation of these non-GAAP results is included in the attached tables.

"NYSE Group's financial results reflect our continued focus on expanding our operating margins, and delivering sustained revenue and overall business growth," said Nelson Chai, NYSE Group Executive Vice President and Chief Financial Officer. "We remain focused on reducing costs, increasing efficiencies and driving towards the completion of the merger with Euronext. These directives are clearly reflected in our quarterly financial results and business highlights."

"This quarter's introduction of NYSE Arca Options coupled with our double-digit growth in trading volumes in all product areas, strategic pricing initiatives and comprehensive order execution platforms, such as the recently-implemented Hybrid Market(SM), ensure that NYSE Group is well positioned to maintain its standing as a leading global market and a significant competitive force in the marketplace."

    Other Financial Highlights

    --  Excluding the effect of activity assessment fees and Section
        31 fees, the pre-tax margin of NYSE Group on a non-GAAP basis
        was 26.2% of total revenues for the three months ended
        September 30, 2006 as compared to 13.2% of total revenues for
        the three months ended September 30, 2005.

    --  As of September 30, 2006, NYSE Group had $842.3 million of
        cash, cash equivalents, investment and other securities
        (including $64.6 million related to Section 31 fees collected
        from market participants and due to the Securities and
        Exchange Commission) and no debt obligation.

    Third Quarter Business Highlights

    --  The total number of NYSE listed issuers at September 30, 2006
        rose to 2,704 compared to 2,697 at June 30, 2006 and 2,639 at
        September 30, 2005.

    --  For the nine months ended September 30, 2006, the NYSE added
        127 new issuer listings (72 operating companies, 13 closed-end
        funds, and 42 exchange-traded funds or ETFs), 19 of which were
        non-U.S. listings. Trading in non-U.S. companies represented
        11.6% of the overall NYSE volume, up from 9.9% in the same
        period a year ago.

    --  For the three months ended September 30, 2006 compared to the
        same period a year ago, NYSE Group has recorded increased
        average daily volumes across all categories of securities,
        including handled volume increases of 11% in NYSE listed
        issues, 37% in NYSE Arca and Amex listed issues, 27% in Nasdaq
        listed issues, 61% in ETFs, and 40% in equity options
        contracts.

    --  For the three months ended September 30, 2006, NYSE Group
        handled 111.6 billion shares of NYSE listed issues, or 72.4%
        of the trading in NYSE listed issues, versus 124.0 billion
        shares, or 76.3%, and 102.5 billion shares, or 80.0%, for the
        three months ended June 30, 2006 and September 30, 2005,
        respectively.

    --  NYSE Group's share of trading in NYSE Arca and Amex listed
        issues increased to 38.4% for the three months ended September
        30, 2006 compared to 34.4% for the three months ended June 30,
        2006 and 32.7% for the three months ended September 30, 2005.

    --  NYSE Group's share of trading in Nasdaq listed issues
        increased to 25.5% for the three months ended September 30,
        2006 compared to 25.2% for the three months ended June 30,
        2006 and 22.8% for the three months ended September 30, 2005.

    --  NYSE Group's share of trading in ETFs increased to 43.5% for
        the three months ended September 30, 2006 compared to 42.9%
        for the three months ended June 30, 2006 and 38.4% for the
        three months ended September 30, 2005.

    --  NYSE Group's share of trading in equity options contracts
        increased to 10.3% for the three months ended September 30,
        2006 compared to 9.4% for the three months ended June 30, 2006
        and 9.6% for the three months ended September 30, 2005.

    --  August 7, 2006 marked the launch of NYSE Arca Options, a new
        automated trading system for equity options offering
        immediate, cost-effective electronic order execution in nearly
        2,000 options.

    --  The NYSE began full Phase III implementation of the Hybrid
        Market(SM) on October 6, 2006 in two stocks: American Express
        (AX) and Equity Office Properties Trust (EOP). Currently,
        Phase III incorporates 91 listed securities with complete
        rollout of all NYSE listed securities anticipated to conclude
        in December 2006.

    --  As a significant step towards completion of the merger with
        Euronext, NYSE Euronext, Inc. filed with the Securities and
        Exchange Commission a Form S-4 Registration Statement on
        September 21, 2006 related to the proposed merger of NYSE
        Group, Inc. and Euronext N.V.

    --  In the third quarter of 2006, NYSE Group added to the suite of
        trading services for its customers with the acquisition of
        MatchPoint Trading, a financial services technology company
        specializing in call market portfolio trading and
        technologies, and the purchase of a stake in Marco Polo
        Network, a leading electronic platform allowing global
        investors to trade equities and derivatives listed on emerging
        market exchanges.

    --  In the first nine months of 2006, NYSE Group continued its
        success in listings with a number of sizeable IPOs, such as
        Mastercard, J. Crew, New Oriental Education, Mindray Medical
        and WNS Holdings, and 15 transfers from other markets
        year-to-date. The NYSE also welcomed its 143rd Nasdaq domestic
        transfer to the NYSE since 2000.

    --  On September 29, 2006, NYSE Arca celebrated its newest
        listings with the transfers of Evergreen Energy Inc. (EEE) and
        BFC Financial Group (BFF) from Amex and Nasdaq, respectively.

    --  In the third quarter of 2006, NYSE Group listed 6 ETFs and
        NYSE Arca announced the October 20th listing of its first
        primary ETFs, 15 iShares(R) transfers from Amex. Including
        these listings, the NYSE Group currently has 131 primary ETF
        listings.

    --  In addition to the August 1, 2006 implementation of new fees
        for trading NYSE-listed shares on the NYSE, NYSE Group
        announced several additional fee changes for trading
        NYSE-listed securities in the third quarter of 2006.

    --  The NYSE Composite Index (NYA) continued to outperform other
        broad based indexes through the first nine months of 2006, up
        8.5% as compared to 8.2% for the DJIA, 6.6% for the S&P 500,
        and 2.4% for the Nasdaq Composite.

To supplement NYSE Group's consolidated financial statements prepared in accordance with GAAP and to better reflect period-over-period comparisons, NYSE Group uses non-GAAP financial measures of operating performance. A non-GAAP financial measure is a numerical measure of performance, financial position, or cash flows that either excludes or includes amounts that are not normally excluded or included in the most directly comparable measure, calculated and presented in accordance with GAAP. Non-GAAP financial measures do not replace and are not superior to the presentation of GAAP financial results, but are provided to (i) present the effects of certain merger expenses, exit costs, and settlement gain and (ii) improve overall understanding of NYSE Group's current financial performance and its prospects for the future. Specifically, NYSE Group believes the non-GAAP financial results provide useful information to both management and investors regarding certain additional financial and business trends relating to financial condition and operating results. In addition, management uses these measures for reviewing financial results and evaluating financial performance.

About NYSE Group, Inc.

NYSE Group, Inc. (NYSE: NYX) operates two securities exchanges: the New York Stock Exchange LLC (the "NYSE") and NYSE Arca, Inc. (formerly known as the Archipelago Exchange, or ArcaEx(R), and the Pacific Exchange). NYSE Group is a leading provider of securities listing, trading and market data products and services. In the third quarter of 2006, on an average trading day, 2.2 billion shares, valued at $80.1 billion, were traded on the exchanges of the NYSE Group.

The NYSE is the world's largest and most liquid cash equities exchange. The NYSE provides a reliable, orderly, liquid and efficient marketplace where investors buy and sell listed companies' common stock and other securities. On September 30, 2006, the operating companies listed on the NYSE represented a total global market capitalization of $23.1 trillion.

NYSE Arca operates NYSE Arca, Inc., the first open, all-electronic stock exchange in the United States, and has a leading position in trading exchange-traded funds and exchange-listed securities. NYSE Arca, Inc. is also an exchange for trading equity options. NYSE Arca's trading platforms provide customers with fast electronic execution and open, direct and anonymous market access.

NYSE Regulation, an independent not-for-profit subsidiary, regulates member organizations through the enforcement of marketplace rules and federal securities laws. NYSE Regulation also ensures that companies listed on the NYSE and NYSE Arca meet their financial and corporate governance listing standards.

For more information on NYSE Group, go to: www.nyse.com. Information contained on our website does not constitute a part of the prospectus relating to the proposed offering.

Cautionary Note Regarding Forward-Looking Statements

Certain statements in this release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are based on NYSE Group's current expectations and involve risks and uncertainties that could cause NYSE Group's actual results to differ materially from those set forth in the statements. There can be no assurance that such expectations will prove to be correct. Actual results may differ materially from those expressed or implied in the forward-looking statements. Factors that could cause NYSE Group's results to differ materially from current expectations include, but are not limited to: NYSE Group'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 Group's Annual Report on Form 10-K and other periodic reports filed with the U.S. Securities and Exchange Commission. 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 Group that the projections will prove to be correct. We undertake no obligation to release any revisions to any forward-looking statements.

                           NYSE Group, Inc.
 Condensed consolidated statements of income in accordance with GAAP
                              (unaudited)
                (in thousands, except per share data)

                     Three months ended         Nine months ended
                         September 30,             September 30,
                   ------------------------ --------------------------
                     2006       2005           2006        2005
                   ---------- ----------    ----------- -----------

Revenues
 Activity
  assessment fees  $ 163,408  $ 198,660     $  492,383  $  433,373
 Transaction         179,979     32,633        454,139     108,392
 Listing              89,019     85,428        266,255     256,888
 Market data          57,510     42,989        166,115     133,429
 Data processing      27,697     44,098        108,969     136,764
 Regulatory           50,136     34,437        135,300      96,671
 Licensing,
  facility and
  other               35,188     14,158         94,252      42,197
                   ---------- ----------    ----------- -----------
Total revenues       602,937    452,403      1,717,413   1,207,714
 Section 31 fees    (163,408)  (198,660)      (492,383)   (433,373)
 Merger expenses
  and related exit
  costs               (7,701)     -            (21,038)      -
 Compensation       (130,211)  (124,831)      (436,840)   (381,845)
 Liquidity
  payments           (66,173)     -           (159,964)      -
 Routing and
  clearing fees      (20,084)     -            (49,687)      -
 Systems and
  communications     (30,382)   (28,951)       (90,966)    (92,746)
 Professional
  services           (28,333)   (29,275)       (85,527)    (90,326)
 Depreciation and
  amortization       (35,120)   (25,903)       (99,360)    (78,522)
 Occupancy           (22,872)   (17,649)       (62,936)    (51,588)
 Marketing and
  other              (23,922)   (14,497)       (70,246)    (46,255)
 Regulatory fine
  income              10,680     10,896         33,841      32,872
                   ---------- ----------    ----------- -----------
Operating income      85,411     23,533        182,307      65,931
Investment and
 other income, net    29,433     13,366         63,271      36,558
Gain on sale of
 equity investment     -          -             20,925       -
                   ---------- ----------    ----------- -----------
 Income before
  income tax
  provision and
  minority
  interest           114,844     36,899        266,503     102,489
Income tax
 provision           (46,252)   (14,064)      (104,517)    (40,288)
Minority interest       (627)      (835)        (2,500)     (1,195)
                   ---------- ----------    ----------- -----------
Net income         $  67,965  $  22,000     $  159,486  $   61,006
                   ========== ==========    =========== ===========

Basic earnings per
 share             $    0.43  $    0.19     $     1.09  $     0.53
Diluted earnings
 per share         $    0.43  $    0.19     $     1.08  $     0.53

Basic weighted
 average shares
 outstanding         156,481    115,699 (a)    146,645     115,699 (a)
Diluted weighted
 average shares
 outstanding         157,460    115,699 (a)    147,742     115,699 (a)

(a) Adjusted to reflect the merger with Archipelago on March 7, 2006
 giving retroactive effect to the issuance of shares to former NYSE
 members.
                           NYSE Group, Inc.
   Condensed consolidated statements of income including non-GAAP
                    financial measures (unaudited)
                (in thousands, except per share data)

We use non-GAAP financial measures of operating performance.
Non-GAAP measures do not replace and are not superior 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 September 30, 2006
                                --------------------------------------
                                    GAAP     Adjustments     Non-GAAP
                                ------------ ------------   ----------

Revenues
   Activity assessment fees      $  163,408      $  -       $ 163,408
   Transaction                      179,979         -         179,979
   Listing                           89,019         -          89,019
   Market data                       57,510         -          57,510
   Data processing                   27,697         -          27,697
   Regulatory                        50,136         -          50,136
   Licensing, facility and other     35,188         -          35,188
                                ------------ ------------   ----------
Total revenues                      602,937         -         602,937
   Section 31 fees                 (163,408)        -        (163,408)
   Merger expenses and related                           (a)
    exit costs                       (7,701)       7,701            -
   Compensation                    (130,211)        -        (130,211)
   Liquidity payments               (66,173)        -         (66,173)
   Routing and clearing fees        (20,084)        -         (20,084)
   Systems and communications       (30,382)        -         (30,382)
   Professional services            (28,333)        -         (28,333)
   Depreciation and amortization    (35,120)                  (35,120)
   Occupancy                        (22,872)        -         (22,872)
   Marketing and other              (23,922)        -         (23,922)
   Regulatory fine income            10,680                    10,680
                                ------------ ------------   ----------
Operating income                     85,411        7,701       93,112
Investment and other income, net     29,433       (7,215)(b)   22,218
                                ------------ ------------   ----------
Income before income tax
 provision and minority interest    114,844          486      115,330
Income tax provision                (46,252)        (197)(c)  (46,449)
Minority interest                      (627)        -            (627)
                                ------------ ------------   ----------
Net income                       $   67,965      $   289    $  68,254
                                ============ ============   ==========

Basic earnings per share                                    $    0.44
Diluted earnings per share                                  $    0.43

Basic weighted average shares
 outstanding                                                  156,481
Diluted weighted average shares
 outstanding                                                  157,460

(a) To eliminate merger expenses and related exit costs as they
 represent nonrecurring charges directly attributable to either the
 merger of the NYSE and Archipelago or the announced merger with NYSE
 Group and Euronext N.V.

(b) To reverse the one-time gain recorded in connection with the phase
 out of NSCC and FICC's service agreement with SIAC.

(c) To adjust the income tax provision for the effect of the non-GAAP
 adjustment based upon a combined income tax rate of 40.5%.
                           NYSE Group, Inc.
   Condensed consolidated statements of income including non-GAAP
                    financial measures (unaudited)
                (in thousands, except per share data)

We use non-GAAP financial measures of operating performance. Non-GAAP
measures do not replace and are not superior 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
                                                  September 30, (a)
                                              ------------------------
                                                2006       2005
                                              ---------- ----------

Revenues
 Activity assessment fees                     $ 163,408  $ 241,959
 Transaction                                    179,979    141,191
 Listing                                         89,019     85,563
 Market data                                     57,510     58,916
 Data processing                                 27,697     44,098
 Regulatory                                      50,136     37,235
 Licensing, facility and other                   35,188     15,833
                                              ---------- ----------
Total revenues                                  602,937    624,795
 Section 31 fees                               (163,408)  (241,959)
 Compensation                                  (130,211)  (143,792)
 Liquidity payments                             (66,173)   (49,457)
 Routing and clearing fees                      (20,084)   (16,268)
 Systems and communications                     (30,382)   (36,189)
 Professional services                          (28,333)   (30,861)
 Depreciation and amortization                  (35,120)   (36,200)
 Occupancy                                      (22,872)   (20,604)
 Marketing and other                            (23,922)   (24,394)
 Regulatory fine income                          10,680     10,896
                                              ---------- ----------
Operating income                                 93,112     35,967
Investment and other income, net                 22,218     14,738
                                              ---------- ----------
 Income before income tax provision and
  minority interest                             115,330     50,705
Income tax provision                            (46,449)   (20,265)
Minority interest                                  (627)      (835)
                                              ---------- ----------
Net income                                    $  68,254  $  29,605
                                              ========== ==========
Basic earnings per share                      $    0.44  $    0.18
Diluted earnings per share                    $    0.43  $    0.18

Basic weighted average shares outstanding       156,481    161,260 (b)
Diluted weighted average shares outstanding     157,460    162,346 (b)

 (a) The results of operations of NYSE Group, Inc. are presented as if
      the following transactions had been completed at the beginning
      of the earliest period presented:

           1. The acquisition of PCX Holdings and subsidiaries by
            Archipelago,
           2. The disposition of Wave Securities by Archipelago, and
           3. The merger between Archipelago and NYSE.

     In addition, merger expenses and related exit costs of $7,701 and
     $5,525 have been eliminated from the results of operations for
     the three months ended September 30, 2006 and 2005,
     respectively, as they represent nonrecurring charges directly
     attributable to either the merger of the NYSE and Archipelago or
     the announced merger of NYSE Group and Euronext N.V.

 (b) Adjusted to reflect the merger with Archipelago on March 7, 2006
      giving retroactive effect to the issuance of shares to former
      NYSE members.
                           NYSE Group, Inc.
       Condensed Consolidated Statements of Financial Condition
                            (in thousands)

                                         September 30,   December 31,
                                              2006            2005
                                         --------------  -------------
                                          (unaudited)

Assets
 Current assets:
  Cash and cash equivalents                 $  255,604     $   43,492
  Investment and other securities              586,646      1,108,479
  Accounts receivable, net                     284,133        184,185
  Deferred income taxes                         89,847         91,919
  Other current assets                          43,224         36,142
                                         --------------  -------------
       Total current assets                  1,259,454      1,464,217

 Property and equipment, net                   393,000        343,534
 Goodwill                                      535,790          -
 Other intangible assets, net                  582,984          -
 Deferred income taxes                         344,009        290,145
 Other assets                                  104,925        106,249
                                         --------------  -------------
       Total assets                         $3,220,162     $2,204,145
                                         ==============  =============

Liabilities and stockholders' equity
 Current liabilities:
  Accounts payable and accrued expenses     $  344,793     $  322,263
  Section 31 fees payable                       64,600        232,146
  Deferred revenue                             174,320        105,313
  Deferred income taxes                         50,751         25,238
                                         --------------  -------------
       Total current liabilities               634,464        684,960

  Accrued employee benefits                    332,638        323,373
  Deferred revenue                             320,971        329,197
  Deferred income taxes                        267,440          9,289
  Other liabilities                             23,395         23,037
                                         --------------  -------------
       Total liabilities                     1,578,908      1,369,856

  Minority interest                             38,092         35,164

 Stockholders' equity                        1,603,162        799,125

                                         --------------  -------------
 Total liabilities and stockholders'
  equity                                    $3,220,162     $2,204,145
                                         ==============  =============
 NYSE Group, Inc. Selected Statistical Data (shares and contracts in
                               millions)

                              Three Months Ended     Nine Months Ended
                          -------------------------- -----------------
                          Sept.30, June 30, Sept.30, Sept.30, Sept.30,
                            2006     2006     2005     2006     2005
                          -------- -------- -------- -------- --------
                                          (unaudited)
NYSE Company listings(1):
 NYSE listed issuers(2)     2,704    2,697    2,639    2,704    2,639
 Number of new issuer
  listings(3)                  29       24       35       82      108
NYSE Listed Issues (4):
 NYSE Group Matched Volume
  (5)                     108,826  121,582  100,820  344,061  304,779
 NYSE Group Handled Volume
  (6)                     111,584  124,024  102,543  351,297  309,549
 Total NYSE Listed
  Consolidated Volume     154,161  162,452  128,248  467,454  381,186
 NYSE Group Share of Total
  Consolidated Volume:
 Matched Volume (5)          70.6%    74.8%    78.6%    73.6%    80.0%
 Handled Volume (6)          72.4%    76.3%    80.0%    75.2%    81.2%
NYSE Arca and Amex Listed
 Issues:
 NYSE Group Matched Volume
  (5)                       6,873    7,843    5,083   20,731   13,423
 NYSE Group Handled Volume
  (6)                       7,939    9,069    5,906   23,925   15,468
 Total NYSE Arca and Amex
  Listed Consolidated
  Volume                   20,663   26,366   18,076   67,883   50,340
 NYSE Group Share of Total
  Consolidated Volume:
 Matched Volume (5)          33.3%    29.7%    28.1%    30.5%    26.7%
 Handled Volume (6)          38.4%    34.4%    32.7%    35.2%    30.7%
Nasdaq Listed Issues:
 NYSE Group Matched Volume
  (5)                      24,700   27,844   19,115   76,781   62,572
 NYSE Group Handled Volume
  (6)                      30,022   33,974   23,958   94,068   78,618
 Total Nasdaq Listed
  Consolidated Volume     117,785  134,959  104,898  383,437  339,162
 NYSE Group Share of Total
  Consolidated Volume:
 Matched Volume (5)          21.0%    20.6%    18.2%    20.0%    18.4%
 Handled Volume (6)          25.5%    25.2%    22.8%    24.5%    23.2%
Exchange-Traded Funds
 (4),(7):
 NYSE Group Matched Volume
  (5)                       9,663   11,078    6,041   29,294   16,807
 NYSE Group Handled Volume
  (6)                      10,794   12,253    6,816   32,617   18,824
 Total ETF Consolidated
  Volume                   24,819   28,590   17,743   75,779   52,579
 NYSE Group Share of Total
  Consolidated Volume:
 Matched Volume (5)          38.9%    38.7%    34.0%    38.7%    32.0%
 Handled Volume (6)          43.5%    42.9%    38.4%    43.0%    35.8%
Equity Options (8):
 NYSE Group Options
  Contracts                  44.0     44.2     32.0    136.7     98.3
 Total Consolidated
  Options Contracts         429.4    470.0    333.0  1,345.8    966.7
 NYSE Group Share of Total   10.3%     9.4%     9.6%    10.2%    10.2%
Market Information: (9)
 Tape A share of trades
  (%)                        82.0%    86.1%    89.8%    85.0%    91.1%
 Tape B share of trades
  (%)                        35.2%    33.7%    47.4%    37.2%    47.9%
 Tape C share of trades
  and shares (%)             24.5%    24.2%    21.3%    23.5%    21.1%
   Professional
    subscribers           417,642  417,329  415,138  417,642  415,138
Regulatory Fees:
 Gross FOCUS revenues ($
  billions) (10)             77.6     66.1     49.2    204.8    134.0
Data Processing Fees:
 % SIAC revenues from
  customers other than
  NYSE                       35.7%    43.5%    43.6%    42.3%    43.2%
Operating Expenses:
 Headcount (including SIAC
  employees)                2,914    3,010    3,389    2,914    3,389
  (1)  Number does not include issuers listed on NYSE Arca. There were
        12 operating companies exclusively listed on NYSE Arca as of
        September 30, 2006.
  (2)  Number of listed operating companies, closed-end funds and ETFs
        as of period end.
  (3)  Includes initial public offerings, quotations and transfers
        from other markets of common equity securities.
  (4)  Includes all NYSE Group Crossing Sessions 1, 2, 3 and 4.
  (5)  Represents the total number of shares of equity securities and
        exchange-traded funds (ETFs) executed on the NYSE Group's
        exchanges.
  (6)  Represents the total number of shares of equity securities and
        ETFs internally matched on the NYSE Group's exchanges or
        routed to and executed at an external market center. NYSE Arca
        routing includes odd-lots.
  (7)  Data included in previously identified categories.
  (8)  Includes trading in U.S. equity options contracts, not equity-
        index options.
  (9)  Represents the NYSE Group share of qualifying trades for Tapes
        A and B reported by the NYSE Group to the consolidated tape,
        as compared to the total number of qualifying trades for Tapes
        A and B reported to the consolidated tape by all other
        participating market centers. NYSE Group share of Tape C
        represents the average of: (i) the share of qualifying trades
        for Tape C reported by the NYSE Group to the consolidated
        tape, as compared to the total number of qualifying trades for
        Tape C reported to the consolidated tape by all other
        participating market centers; and (ii) the share of qualifying
        share volume for Tape C reported by the NYSE Group to the
        consolidated tape, as compared to the total qualifying share
        volume for Tape C reported by all other participating market
        centers. The consolidated tape refers to the collection of
        market data that multiple markets make available on a
        consolidated basis.
 (10)  Gross FOCUS revenues represent revenues generated by member
        broker-dealers as reported on their "FOCUS" report (a report
        that is required to be filed with the SEC). A member broker-
        dealer's regulatory fee is based on the revenues reported. The
        NYSE records revenue on a six-month lag; the data is provided
        on this basis.