-Investors Can Now Trade Bonds of NYSE listed Companies with More Transparency and Efficiency-
NYSE BondsSM Platform Now Available for Trading
New York, April 23, 2007 -- NYSE Euronext (NYSE Euronext: NYX) today announced that NYSE Group, Inc.’s new bond trading platform, NYSE BondsSM began full operation. Based on NYSE Arca’s comprehensive matching technology, NYSE Bonds provides investors with transparent and highly efficient order executions for the corporate debt securities of all NYSE listed companies.
“This launch represents the NYSE Group’s diligent work in creating a truly unique system that fills a void in today’s bond market, and exemplifies the strong alliances we’ve cultivated with our vendors and member firms to expand the accessibility, liquidity and performance of the system,” said NYSE Euronext Vice President, Fixed Income, John Holman. “NYSE Bonds offers distinctive features that provide investors the ability to more readily obtain transparent pricing and trading information, enabling them to make better investing decisions with the member firms using our platform.”
Replacing the Automated Bond System (ABS), the Exchange’s previous bond trading platform retired on Friday, April 20, NYSE Bonds utilizes NYSE Arca’s open, accessible all-electronic design. Boasting drastically increased efficiency and more transparent trading in corporate debt issues for NYSE members entering orders for bonds trading on the Exchange, the system primarily serves retail trading in corporate bonds utilizing a strict price and time priority architecture.
Based on SEC exemptive relief obtained in November 2006 that permits NYSE members and member organizations to trade certain unlisted debt securities on the Exchange, NYSE Bonds will be expanded to trade the unlisted corporate debt issues of all NYSE-listed equity issuers and their wholly-owned subsidiaries, allowing NYSE customers to access nearly 6,000 additional bonds compared to approximately 1,000 today. Beginning in two weeks, NYSE Bonds will conduct a staged rollout, adding approximately 500 new issues weekly until the implementation is complete.
Please click here to learn more about trading corporate bonds on NYSE Bonds.
For more information on NYSE BondsSM including a complete directory of bonds, delayed prices, a detailed glossary of terms and a list of the most actively traded issues, please visit: http://www.nyse.com/bonds
About NYSE Euronext
NYSE Euronext, a holding company created by the combination of NYSE Group, Inc. and Euronext N.V., commenced trading on April 4, 2007 . NYSE Euronext (NYSE/New York and Euronext/Paris: NYX) operates the world’s largest and most liquid exchange group and offers the most diverse array of trading products and services. NYSE Euronext, which brings together six cash equities exchanges in five countries and six derivatives exchanges, is a world leader for listings, trading in cash equities, equity and interest rate derivatives, bonds and the distribution of market data. Representing a combined $28.5 trillion/€21.5 trillion total market capitalization of listed companies and average daily trading value of approximately $118.8 billion/€89.9 billion (as of February 28, 2007), NYSE Euronext seeks to provide the highest standards of market quality and integrity, innovative products and services to investors, issuers, and all users of its markets.
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. 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 Registration Statement on Form S-4 (File No. 333-137506), NYSE Euronext Registration Statement (document de base) filed with the French Autorité des Marchés Financiers (Registered on November 30, 2006 under No. 06-0184), 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.