-- Offers customers unique expertise in strategy and implementation of end-to-end low-latency trading solutions --
NYSE TECHNOLOGIES ANNOUNCES STRATEGIC ALLIANCE WITH ADVISORY FIRM CSTK INVENTURE
NEW YORK, October 27, 2010 – NYSE Technologies, the world’s leading provider of end-to-end electronic trading solutions and a unit of NYSE Euronext (NYX), today announced a strategic alliance with technology advisory firm, CSTK InVenture. A joint venture between KLG Advisors and CS Technology, CSTK InVenture brings together a range of expertise from enterprise infrastructure to real estate, creating a powerful paradigm shift in the traditional trading market environment.
“This engagement with CSTK InVenture aligns with our intent to aggregate thought leadership in the low-latency trading and infrastructure spaces while providing even greater deployment of choices for our clients,” said Stanley Young, CEO of NYSE Technologies. “Our collective combination of deep experience and business-specific insight produces a tightly integrated approach that directly complements our markets, infrastructure, and real estate assets further strengthening our position as a premier provider of institutional financial services technology.”
Origin of the NYSE Technologies/CSTK InVenture Alliance
CSTK InVenture took form in 2008 when NYSE Euronext engaged KLG Advisors and CS Technology to provide advisory services to help develop, integrate, and support some of its business, technology and real estate transformation, including NYSE Euronext’s new global liquidity centers. As a result of the original collaboration, NYSE Technologies and CSTK InVenture formalized a strategic alliance to create an innovative business model that leverages NYSE Technologies’ best-in-class electronic trading solutions with CSTK InVenture’s advisory services to generate unique business value and bottom-line enhancements for other world-class financial organizations.
“The insights gained through our liquidity center initiative revealed opportunities to help unlock the business value and revenue potential inherent in the NYSE Technologies platform as well as the physical and technical assets of other business and trading partners,” Mr. Young said.
JP Rosato, CEO of CS Technology said, “Working with NYSE Technologies, CSTK InVenture has developed a comprehensive diagnostic assessment that provides transparency within our client’s environments and enables them to make fully informed investment decisions to drive high performance and outsized returns.”
Adds Doane Kelly, President of KLG Advisors, “By leveraging the synergies between technology and real estate, the strategic alliance between CSTK InVenture and NYSE Technologies will help clients identify and capitalize on potential business deals and revenue-generating opportunities that align with quantifiable financial goals.”
About CSTK InVenture
CSTK InVenture works with Fortune 500 companies and other world-class organizations to achieve their strategic goals through advisory services that are directly linked to financial performance. The company is a joint venture that draws upon the deep technical resources and unparalleled expertise of CS Technology, which develops and implements high-performance solutions that support data centers, corporate offices, and enterprise infrastructure, and KLG Advisors, a leading provider of real estate and location services and related incentive programs.
About NYSE Technologies
A subsidiary of NYSE Euronext (NYX), NYSE Technologies provides comprehensive transaction, data and infrastructure services and managed solutions for buy-side, sell-side and exchange communities that require next-generation performance and expertise for mission critical and value-added client services. NYSE Technologies operates four units: the Global Connectivity unit, offering one of the world's largest, most reliable financial transaction networks connecting firms and exchanges worldwide; the Trading Solutions unit, which creates and implements high performance, end-to-end messaging software and real-time market data distribution and integration products; the Exchange Solutions unit, which provides multi-asset exchange platform services, managed services and expert consultancy; and the Global Market Data unit, which offers a broad array of global market information products covering multiple asset classes. With offices across the U.S. , Europe, and Asia , NYSE Technologies' advanced integrated solutions for a wide range of services has earned the ability to power the trading operations of global financial institutions and exchanges. For additional information visit: www.nyse.com/technologies.
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 herein.
Contact: John Rosato - CSTK InVenture
Contact: Eric Ryan - NYSE Euronext