News Releases

• New Pricing on NYSE and NYSE Arca Provides Investors Choice
• Attractive Rates for All Customers, Without Volume Tiers
• Highest Rebate for All Customers Among Major U.S. Exchanges
• Lowest Take Fees for All Customers Among Major U.S. Exchanges

NEW YORK , Sept. 12, 2007 -- NYSE Euronext (NYX) today announced new strategic pricing for equities transactions on the New York Stock Exchange (NYSE) and NYSE Arca, Inc. (NYSE Arca) that utilizes the unique attributes of its market models.  

Expected to be effective as of Oct. 1, 2007 , the new plan adjusts fee schedules on both the NYSE and NYSE Arca to ensure continued market leadership in NYSE-listed securities and to enhance positioning in trading of Nasdaq-listed securities on NYSE Arca.

“This is a dual-market-model approach to pricing on our two U.S. exchanges that gives our customers flexibility in accessing low transaction costs and superior liquidity when trading NYSE and Nasdaq-listed securities,” said Duncan Niederauer, President & Co-Chief Operating Officer. 

“Our new pricing plan strategically leverages the unique combination of the NYSE and NYSE Arca, and improves our competitive position in the trading of both NYSE and Nasdaq-listed securities.  It also reinforces NYSE Euronext’s ongoing commitment to provide our customers with choice and the best trading experience possible.”

New Pricing on NYSE and NYSE Arca in “Tape A” Securities (NYSE-listed)
For trading in NYSE-listed equities the new plan ensures attractive rates without volume tiers for all customers and includes these attributes:

• An increase in the rebate on NYSE Arca from $0.20 to $0.25 per 100 shares for all customers, making it the highest rebate among major U.S. exchanges, which is particularly attractive to proprietary traders seeking faster executions;
• No fees for liquidity providers on the NYSE, while charging liquidity takers $0.08 per 100 shares, ensuring that the NYSE continues to offer the lowest take fee for all customers.   Liquidity takers will have the potential to save up to 73% trading on the NYSE;
• Free agency block crosses on the NYSE and fee caps on mega block trades when committing capital;
• A routing fee increase from $0.25 to $0.30 per 100 shares, which is generally a pass-through cost for routing trades to other market centers.   This fee may be avoided using the NYSE’s new “Do Not Ship” order type;
• Free routing to the NYSE from NYSE Arca using the new Primary Sweep Order (PSO  ) on NYSE Arca.  The PSO will first sweep the NYSE Arca book, then route to the NYSE for free, which effectively reduces a customer’s average take fee on NYSE Arca in NYSE-listed securities.

New Pricing on NYSE Arca in “Tape C” Securities (Nasdaq-listed)
For trading in Nasdaq-listed securities on NYSE Arca, the new plan reduces NYSE Arca’s take fee from $0.30 to $0.25 per 100 shares for all customers, making it the lowest take fee among all major U.S. exchanges.  This new fee structure is expected to improve NYSE Arca’s positioning in order routing, while rewarding liquidity providers with better fill rates.

New NYSE & NYSE Arca Pricing for U.S. Cash Equities 

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 Euronext: NYX) operates the world’s largest and most liquid exchange group and offers the most diverse array of financial products and services.   NYSE Euronext, which brings together six cash equities exchanges in five countries and six derivatives exchanges in six countries, 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 $30.8 trillion/€22.8 trillion total market capitalization of listed companies and average daily trading value of approximately $127.0 billion/€94.0 billion (as of June 29, 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
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), 2006 Annual Report on Form 10-K, as amended, 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.