october 17, 2008
DESCRIPTION
NYSE Euronext Update. 2008 STA Annual Conference. October 17, 2008. Palm Beach, FL. ONE MARKET, INFINITE POSSIBILITIES. SM. NYSE Update. 2008 STA Conference Palm Beach, FL Agenda : Business/Strategic Initiatives Globalization Leadership Operational Issues. 2. - PowerPoint PPT PresentationTRANSCRIPT
October 17, 2008
ONE MARKET, INFINITE POSSIBILITIES.SM
NYSE Euronext Update
2008 STA Annual Conference
Palm Beach, FL
NYSE Update
2008 STA Conference
Palm Beach, FL
Agenda:
Business/Strategic Initiatives
1. Globalization
2. Leadership
3. Operational Issues
2
Asia
Tokyo Stock Exchange
Strategic alliance
National Stock Exchange of India
Equity stake
Multi Commodity Exchange (India)
Equity stake
NYSE
Cash Equities
Fixed Income
NYSE Arca
Cash Equities
Equity Options
ETFs
Euronext
Cash Equities
Bonds
Trackers
Certificates
Warrants
Alternext
Cash Equities
Euronext.liffe
Derivatives
Gateway to the Eurozone
Americas Europe
Strategic RelationshipsNYSE Euronext
The world’s largest equity market
5
Latin America
Bovespa Holding SA
Equity stake
Asia
Tokyo Stock Exchange
Strategic alliance
National Stock Exchange of India
Equity stake
Multi Commodity Exchange (India)
Equity stake
NYSE
Cash Equities
Fixed Income
NYSE Arca
Cash Equities
Equity Options
ETFs
Euronext
Cash Equities
Bonds
Trackers
Certificates
Warrants
Alternext
Cash Equities
Euronext.liffe
Derivatives
Gateway to the Eurozone
Americas Europe
Strategic RelationshipsNYSE Euronext
The world’s largest equity market
5
Latin America
Bovespa Holding SA
Equity stake
Global Listings Platform
3
Inclusion among global leaders
Access to diverse investor base
Specialist accountability
Value-added services and products
Long-term visibility opportunities
NYSE
EuronextLSE
NASDAQTokyo Stock
Exchange
Deutsche Börse
Source: World Federation of Exchanges, Reuters, Bloomberg and NYSE Euronext
as of December 2007.
NYSE Euronext Listed Company Total Market Capitalization is $30.4 trillion
Consumer Discretionary
Industrials
Tech, Media& Telecom
Materials
Energy/Utilities
Financials
HealthcareConsumerStaples
9%8%
23%
19%7%
18%
9%
7%
NYSE LISTED COMPANIES
(Sector Breakdown)
MARKET CAPITALIZATION
(in USD $ Trillions)
Source: NYSE Research as of December 2007.
The Market of Choice
4
NYSE Alternext US
Transaction Overview:
• $260mm stock acquisition (plus additional stock upon sale of real estate)• Closed October 2008, accretive to '09 earnings• Anticipated annualized run rate cost synergies of over $100 million within two years from
closing• Relocate Amex’s trading floor operations to the NYSE trading floor, December 2009
Transaction Rationale and Benefits:
• Re-brand AMEX as NYSE Alternext US., strengthens leading position as a small cap, cash equities exchange
• NYSE Amex Options, in combination with NYSE Arca Options, 3rd largest U.S. options marketplace• Solidify NYSE Arca’s leadership position in listing and trading ETFs• Provide leading venue for listing and trading closed-end funds and structured products
5
The Market of Choice
Value
Proposition The Company You
Keep The NYSE is privileged to be the
home of the world’s premier brands.Global Leadership
World’s Largest
Exchange Group
Global Presence Across
Products and
geographies
Lower Cost of Capital Best Price
Tightest Effective
Spreads
Deepest Liquidity
Access to Information Specialist
Accountability
Proven Investor
Relations Tools
Visibility/Brand Association
Unique Global
Networking
Multi-media advertising Proactive investor and
customer reach
2007 Fortune 500: 83% are NYSE listed
2007 Fortune Top 10 Globally Admired Brands:
7 of 10 are NYSE listed
2007 Business Week 50 Best Performing Companies:
37 of 50 are NYSE listed
2007 Barron’s World’s Most Respected Companies:
449 of 500 (90%) are NYSE listed
Dow Jones Industrial Average: 28 of 30, or 93% are NYSE listed
S&P 500:426 (85%) are NYSE listed
2007 Institutional Investor’s Top-Performing CEOs:
55 of 62 (89%) are NYSE listed
6
The World’s Leading Marketplace for Listings
Multiple entry points for issuers of any size and geography in Europe and the U.S.
90% of the qualified IPOs, 98% Spin-offs, 99% Closed-End Funds
Innovative “FastPath Cross Listing” gaining traction, with several NYSE-listed companies choosing to cross list on Euronext and NYSE
Anheuser-Busch
Philip Morris International
Satyam Computer Services (India)
Vale (Brazil)
7
Continued Leadership in IPO Capital Raising1 Unique Value Proposition2
1. Includes closed-end funds and REITs. Source: Dealogic. NYSE Euronext includes Arcaand Alternext; Hong Kong includes GEM. As of December 31, 2007.
2. Source: NYSE Euronext. As of May 31, 2008.
Gateway to Global Visibility
NYSE Euronext’s global franchise extends to
six cities and countries.
– New York, London, Paris, Brussels, Amsterdam, and Lisbon
Leverage historic venues to host strategic meetings and commemorate corporate milestones.
Gateway to reach your most important audiences:
– Partnership/customer events
– Investor Meetings
– Board meetings
– Product Launches
New York Stock Exchange
Le Palais de la Bourse
BruxellesPalais Brongniart
8
Operations - Issues Update
Aberrant Trade Policy
Proxy Issues
eGovDirect
Short Sale Exemption
Direct Registration – 100% compliant
Eliminate Prohibition Against Fees for Stock Certificate(s)
9
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