NEW YORK, May 27, 2010 – NYSE Euronext announced today that for the third consecutive year Structured Products Magazine has selected it as the "Exchange of the Year.” Presented at the 2010 Structured Products Americas Awards ceremony recently held at the Biltmore Hotel in Coral Gables, Fl., this award is an industry benchmark given annually to the most innovative and dedicated U.S. exchange serving Structured Product issuers and investors.
NYSE Euronext manages the listing and trading of different types of structured products on NYSE Euronext’s U.S. markets through its Global Index and Exchange Traded Products Group and Capital Markets Group.
NYSE Euronext’s Global Index and Exchange Traded Products Group continues to be the leader in the listing and trading of structured products and in supporting innovation and investor education. Since 2009, the platform welcomed 13 ETN listings to its growing roster of ETN listings, including 5 iPath Leveraged and Inverse ETNs, the Credit Suisse Long/Short Liquid Index ETN (CSLS), and the UBS E-TRACS S&P 500 Gold Hedged ETN (SPGH). At the end of 2009, there were 190 certificates listed on NYSE Arca, with a total notional value of nearly $8.2 Billion. Issuers continue to embrace the NYSE Arca platform for its speed and Lead Market Maker (LMM) Program, the first designated market making model for a U.S. all-electronic exchange.
“We are truly honored to receive this award again as recognition for our commitment to providing our issuers and investors with an unrivalled trading and listing experience,” said Scott Ebner, NYSE Euronext Senior Vice President, Global Exchange Traded Products. “NYSE Euronext is continually working to raise the bar in offering innovative and uniquely designed global product offerings that meet the needs of the marketplace.”
NYSE Euronext Capital Markets Group facilitates listings in structured products designed to optimize the capital structure of many public companies. With over 500 hybrid securities listed with a market value of approximately $200 billion the business provides a platform for NYSE-listed companies to raise capital. In 2009, the group facilitated more than 28 corporate and financial institution listings raising $30.9 billion, through the issuance of hybrid securities.
"We are very appreciative to the editors at Structured Products Magazine for continuing to honor the Capital Markets Group for our dedication and commitment to issuers, advisors and investors,” said Scott Cutler, Executive Vice President, Global Corporate Client Group. “It is all the more meaningful for being recognized for our performance during one of the most challenging times in the industry.”
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Background on Exchange Traded Products (ETPs) on NYSE Euronext
NYSE Euronext operates the world's largest Exchange Traded Products marketplace, and is the leading venue for Exchange Traded Funds (ETFs), Exchange Traded Notes (ETNs), Exchange Traded Vehicles (ETVs) and Warrants and Certificates trading. NYSE Euronext's offering of these products provides investors access to regulated listings as well as fast and innovative trading tools to access liquidity. As of December 30, 2009, NYSE Arca, NYSE Euronext's US market for ETFs, had 738 primary ETF and 50 primary ETV listings. Additionally, NYSE Arca listed 89 ETNs, 190 Certificates, while trading all other eligible ETPs on an Unlisted Trading Privileges basis. On its European markets, NYSE Euronext had 449 primary ETFs, 42 ETVs, 5 ETNs, with a total number of 576 listings across the European markets. In addition, NYSE Euronext listed a total of 12,762 Certificates and Covered Warrants in Paris, Amsterdam, Brussels and Lisbon.
About NYSE Euronext
NYSE Euronext (NYX) is a leading global operator of financial markets and provider of innovative trading technologies. The company's exchanges in Europe and the United States trade equities, futures, options, fixed-income and exchange-traded products. With approximately 8,000 listed issues (excluding European Structured Products), NYSE Euronext's equities markets – the New York Stock Exchange, NYSE Euronext, NYSE Amex, NYSE Alternext and NYSE Arca – represent one-third of the world's equities trading, the most liquidity of any global exchange group. NYSE Euronext also operates NYSE Liffe, one of the leading European derivatives businesses and the world's second-largest derivatives business by value of trading. The company offers comprehensive commercial technology, connectivity and market data products and services through NYSE Technologies. NYSE Euronext is in the S&P 500 index, and is the only exchange operator in the S&P 100 index and Fortune 500. For more information, please visit: http://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 2009 ("document de référence") filed with the French Autorité des Marchés Financiers (Filed on April 22, 2010 under No. D.10-0304), 2009 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.