-James J. McNulty Chairs Highly Experienced Board-
NYSE Liffe Announces its Board of Directors
New York, October 6, 2008 – NYSE Liffe, LLC, the U.S. futures exchange of NYSE Euronext (NYX), today announced the formation of its new Board of Directors, which includes Chairman, James J. McNulty, former Chicago Mercantile Exchange President and CEO, and the following directors: Marshall N. Carter, Deputy Chairman, NYSE Euronext; Hugh Freedberg, Group Executive Vice President and Head of Global Derivatives, NYSE Euronext; Sir Brian Williamson, Director, NYSE Euronext; and Thomas F. Callahan, NYSE Euronext Executive Vice President and Head of U.S. Futures.
“We are creating a new-breed futures exchange that is based on a low overhead, flexible infrastructure and a focus on innovation to create a world class customer experience,” said NYSE Liffe Chairman, McNulty. “Behind the strength and success of the NYSE and Liffe brands and technology, we enter the market with a distinctive vision, an outstanding trading platform and a strong management team. We are intent on transforming the U.S. futures business and on delivering a premier marketplace for our customers.”
“I want to thank Chairman McNulty and my fellow directors for assuming these additional responsibilities and for their commitment to NYSE Liffe,” Mr. Callahan said. “In these volatile times, the need for new and better risk management tools has never been more acute. NYSE Liffe is uniquely positioned to add extraordinary value in U.S. futures by creating new products and services to help our clients more efficiently manage risk. As a new competitor in the U.S. derivatives market, we recognize both the challenges and opportunities before us. We are determined to grow our U.S. business through innovation, while working in close partnership with Liffe to further expand our global derivatives footprint.”
The NYSE Liffe Board of Directors will provide strategic direction for NYSE Liffe, leveraging its considerable international exchange management experience.
NYSE Liffe, which received Designated Contract Market (DCM) status on August 21 and launched on September 8, 2008 , provides a fully transparent, liquid market for 100 oz. gold futures, 5,000 oz. silver futures, options on gold and silver futures, and mini-sized 33.2 oz. gold and 1,000 oz. silver futures. Utilizing the proven LIFFE CONNECT(R) trading platform designed and maintained by NYSE Euronext Advanced Trading Solutions, NYSE Liffe plans to introduce new products in 2009.
For complete bios, please visit: http://www.nyse.com/corpgovernance/1134145027092.html
About NYSE Euronext
NYSE Euronext (NYX) operates the world’s leading and most liquid exchange group, and seeks to provide the highest levels of quality, customer choice and innovation. Its family of exchanges, located in six countries, includes the New York Stock Exchange, the world's largest cash equities market; Euronext, the Eurozone's largest cash equities market; Liffe, Europe's leading derivatives exchange by value of trading; NYSE Liffe, the company’s U.S. futures business and NYSE Arca Options, one of the fastest growing U.S. options trading platforms. NYSE Euronext offers a diverse array of financial products and services for issuers, investors and financial institutions in cash equities, options, futures and derivatives, ETFs, bonds, market data, and commercial technology solutions. As the world’s largest exchange group by number of listings and market capitalization, NYSE Euronext is home to more than 6,500 listed issues (as of Oct. 1, 2008) with total global market capitalization more than four times that of any other exchange group. The average daily trading value of NYSE Euronext's equity exchanges represent more than one-third of the world's cash equities trading. NYSE Euronext is part of the S&P 500 index and the only exchange operator in the S&P 100 index. For more information and free real-time stock prices for all NYSE-listed securities, please visit www.nyx.com.
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 2007 (“document de référence”) filed with the French Autorité des Marchés Financiers (Registered on May 15, 2008 under No. R. 08-054), 2007 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.