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NYSE Euronext, Zhengzhou Commodity Exchange Announce Memorandum of Understanding
Exchanges Enter Into Agreement To Develop Futures and Options Markets In US and China

NEW YORK/ZHENGZHOU, November 5, 2008 –NYSE Euronext (NYX) and Zhengzhou Commodity Exchange (ZCE) announced today that they have signed a Memorandum of Understanding (MOU) to establish a long-term partnership in developing futures and options markets locally and globally.

Under the terms of the MOU, NYSE Euronext and ZCE will exchange information on futures and options markets, including technology, laws and policies, and assist each other to gain a better understanding of each other’s markets locally and globally. 

“We welcome this opportunity to partner with Mr. Zhao and his colleagues at the Zhengzhou Commodity Exchange,” said Duncan Niederauer, CEO, NYSE Euronext. “This partnership enables NYSE Euronext and ZCE to expand their cooperation on derivatives products, business development, IT systems, marketing and training. We are committed to the success of this alliance as part of our long-term commitment to China , and look forward to working on a win-win for both exchanges.”

Garry Jones, Executive Director of Business Development and Strategy at Liffe, the global derivatives business of NYSE Euronext, said: “Liffe is planning a major expansion in Asia this year and China  is a very important part of our plans. We already have clients trading in our markets from around the Asia region and by signing our MOU with the ZCE we will establish closer a relationship with the exchange.  We look forward to working on our new partnership and enhancing the efficiencies and activity of both markets and the exploring further opportunities for cooperation.”

Zhao Zhengping, president & CEO of ZCE, said, “NYSE Euronext, with its realm spreading in both USD-zone and Euro-zone, plays a very important role in the world’s financial markets. It has long history in developing both financial and commodity futures and options and owns advanced trading and risk control systems. ZCE, as the pioneer of Chinese futures market, after 18 years of exploration and development, is growing rapidly. ZCE is devoting itself to be a diverse and modern futures market, by researching and developing futures and options of industrial and energy products as well as commodity indexes. I believe that the signing of this MOU will provide both parties a new platform of cooperation.”

Zhengzhou Commodity Exchange

Being one the four futures exchanges in China , the Zhengzhou Commodity Exchange was established on October 12, 1990. With 226 members, ZCE is a nonprofit membership organization under the authority of China Securities Regulatory Commission and adopts electronic trading system since its very beginning of futures trading. At present, wheat, cotton, white sugar, purified terephthalic acid (PTA) and rapeseed oil futures contracts are listed. The total trading volume on ZCE from January to October 2008 reached 177,859,550 contracts, an increase of 158.23% over last year, whereas the trading volume of white sugar futures contracts occupies the first place among the world’s commodity futures and options. For additional information about the ZCE and its products details, please access the ZCE website at: www.czce.com.cn

About NYSE Euronext

NYSE Euronext (NYX) is the world’s leading, most liquid and diverse exchange group.  It offers a broad and growing array of financial products and services in cash equities, futures, options, exchange-traded products, bonds, market data, and commercial technology solutions, all designed to meet the evolving needs of issuers, investors and financial institutions.  Spanning multiple asset classes and six countries, NYSE Euronext’s exchanges include the New York Stock Exchange, Liffe, Euronext and NYSE Arca.  With more than 6,500 listed issues, more than any other exchange group, trading on NYSE Euronext’s equity markets represents more than one-third of the world's cash equities volume.  NYSE Euronext also manages the leading European derivatives exchange by value of 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, 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.



Contact: Christiaan Brakman
Phone: 212-656-2094
Email:  cbrakman@nyx.com