Duncan Niederauer Statement On Obama Administration's Proposal To Overhaul The U.S. Financial Regulatory Structure

"We applaud the Obama Administration's proposal to overhaul the financial regulatory structure as a critical step toward restoring trust in capital markets. Regulatory reform must protect investors, close regulatory gaps and enhance market transparency, while at the same time continuing to encourage the spirit of innovation that has fueled decades of economic growth, produced new products and services and created jobs. Our regulatory system is vastly outdated, and we are encouraged by the Administration's enthusiasm for reform and welcome the opportunity to contribute to this truly important initiative."

Duncan L. Niederauer, Chief Executive Officer, NYSE Euronext