News Releases

 
NYSE MatchPoint Rules Approved by SEC
Trading Scheduled to Begin on January 22nd

NEW  YORK, January 7, 2007—NYSE Euronext (NYSE Euronext: NYX) today announced that the U.S. Securities and Exchange Commission has approved the rules for NYSE MatchPoint, a new, portfolio-based, point-in-time electronic facility of the New York Stock Exchange that matches aggregated orders at predetermined sessions throughout regular hours and after hours of the Exchange. MatchPoint will trade securities listed on all major and regional U.S. stock exchanges. It is expected to begin operation on January 22, 2008.

“NYSE MatchPoint is a major step forward in our broad initiative to provide investors with a choice of how to transact trades at the New York  Stock Exchange,” said Lawrence Leibowitz, Head of U.S. Products, NYSE Euronext. “It’s unique in the exchange environment due to its portfolio-based approach. By offering MatchPoint and our recently-announced joint venture with BIDS, w e’re providing investors two new, complementary ways to trade block orders.”

“NYSE MatchPoint will leverage the neutrality of the New York Stock Exchange with open connectivity and comprehensive regulatory infrastructure to provide a nondisplayed trading environment unlike any other,” said James G. Ross, Vice President, NYSE MatchPoint. “Both portfolio-based and single block trade investors will each find immense added value in this new, centralized facility of the Exchange.”

The first NYSE MatchPoint matching session will be an after hours match at 4:45 p.m. that uses the official closing price of the primary market.  Soon, matching sessions will be established during regular hours of the Exchange.  The first will take place at 9:45 a.m. , followed by matching sessions at 10 a.m. , 11 a.m. , 12 noon, 1 p.m., 2 p.m., and 3 p.m. T he price of the intraday match will be the mid-point of the NBBO that is randomly selected during a one-minute pricing period. An investor may enter one portfolio of buy and sell/short orders, a single block order or multiple portfolios of buy and sell /short orders. 

Investors that rely on index-based or model-driven trading and investment strategies will find NYSE MatchPoint’s portfolio-based capabilities to be a very effective trading tool. In addition, NYSE MatchPoint’s non-displayed, point-in-time approach aggregates individual block orders and increases the depth of the liquidity pool and enhances the opportunity of a natural match.

Participation in crossing services has grown significantly in the past couple of years, so the NYSE MatchPoint initiative presents a sizeable opportunity. The new NYSE crossing service is uniquely positioned over existing offerings given the combination of sophisticated portfolio-based trading technology (including cash constraints), competitive pricing, and exchange neutrality. NYSE MatchPoint is expected to attract broad participation from broker/dealers, as well as institutions and hedge funds through broker sponsorship.

For more information about NYSE MatchPoint see: nyse.com/matchpoint .

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 $30.3 trillion/€21.3 trillion total market capitalization of listed companies and average daily trading value of approximately $139 billion/€103 billion (as of September 30, 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. NYSE Euronext is part of the S&P 500 and S&P 100 indexes.

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.

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Contact: Scott Peterson
Phone: 212.656.4089
Email:  speterson@nyx.com