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NYSE Euronext Appoints Todd B. Abrahall and Michael J. Rutigliano as Liaisons to NYSE Specialists and Brokers
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–Both Will Help Advance NYSE Equities Market Model –
NEW YORK , Jan. 10, 2008 – NYSE Euronext (NYX) has announced the hiring of Todd B. Abrahall as Vice President, Specialist Liaison; and Michael J. Rutigliano, Vice President, Broker Liaison. Each will be responsible for helping to advance the New York Stock Exchange equities market model and serving as liaison with the NYSE specialist and floor broker communities, respectively.
Mr. Abrahall, who will work with NYSE specialists, also will lead the discussion with regulators concerning transforming the NYSE market model into one featuring more value-added participation by specialists. Prior to joining the NYSE Euronext staff, Mr. Abrahall was president of Susquehanna International Group’s NYSE specialist operations, overseeing the firm’s unit on the NYSE trading floor.
Mr. Rutigliano, in addition to serving as liaison with NYSE floor brokers, will lead efforts by the NYSE to bring greater opportunities for the agency community of the NYSE trading floor to demonstrate their continuing value to customers. Before being hired by NYSE Euronext, Mr. Rutigliano was managing director of WJB Capital Group Inc., overseeing the firm’s operations on the NYSE trading floor. He is a past president of the Organization of Independent Floor Brokers.
“Both Todd and Mike are well respected by their constituencies and have years of battle- tested market experience. Having them advocate for their constituents both inside and outside the NYSE will be instrumental in putting forward the NYSE market model in its primary role – that is, serving the needs of its customers,” said Louis G. Pastina, Executive Vice President, NYSE Operations, to whom both Messrs. Abrahall and Rutigliano will report.
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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