News Releases

 
NYSE Announces Trading Floor Consolidation Plan
-Productivity Improvements Enable Phasing-Out of One of Five Trading Rooms Over 18-Month Period-

New York, Oct. 31, 2006 – Technology-driven productivity gains in recent years will enable the New York Stock Exchange LLC, a wholly owned subsidiary of NYSE Group, Inc. (NYSE: NYX), to consolidate trading operations from five rooms to four over the next 18 months, the Exchange announced today.  The trading floor consolidation plan calls for Bear Wagner Specialists LLC and approximately 33 floor brokerage firms to relocate from the leased 30 Broad facility to the NYSE’s other trading rooms. 

“Like the Exchange itself, our specialist firms and floor brokers continue to be more productive,” said Nelson Chai, Chief Financial Officer and Executive President, NYSE Group.  “They are able to handle increasing order volume with greater speed and efficiency, thanks largely to improvements in technology and automation.

“Over the next 18 months, we will consolidate the five trading rooms to four in a phased-in approach that will not be disruptive to the floor firms or customers.  We expect that this effort will produce cost savings and further increase efficiencies for both the floor firms and the Exchange.”

The 30 Broad trading facility was opened in Nov. 2000.  Currently, 503 stocks trade in its 10,000 sq. ft. space.  The NYSE’s four remaining trading rooms account for more than 36,000 sq. ft.

 

About NYSE Group, Inc.
NYSE Group, Inc. (NYSE:NYX) operates two securities exchanges: the New York Stock Exchange (the “NYSE”) and NYSE Arca, Inc. (formerly known as the Archipelago Exchange, or ArcaEx®, 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 $23.0 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 article 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.



Contact: Eric Ryan
Phone: 212.656.2411
Email:  eryan@nyse.com