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NYSE Euronext Update. SSA April Meeting. April 17, 2008. Bayard’s New York, NY. ONE MARKET, INFINITE POSSIBILITIES. SM. NYSE Update. Agenda: Business / Strategic Initiatives NYSE Leadership Demutualization and Diversification Globalization Operational Issues. 2. NYSE Leadership.
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NYSE Euronext Update SSA April Meeting April 17, 2008 Bayard’s New York, NY ONE MARKET, INFINITE POSSIBILITIES.SM
NYSE Update Agenda: Business / Strategic Initiatives • NYSE Leadership • Demutualization and Diversification • Globalization • Operational Issues 2
NYSE Leadership Global Exchange • 1st Transatlantic Marketplace • Largest exchange by market capitalization of listed companies: $28 trillion • 70 of the 100 largest companies globally • The world’s largest liquidity pool • Listing venue of choice: over 4,000 listings from 55 countries Global Source of Capital Raising • $81 billion raised for 194 companies in 2007, the largest of any market Premier Brand • 70 of the100 largest companies globally • 85% of the S&P 500 Diversified Product Offering • Side-by-side trading of all issues including cash equities, bonds, derivates, options Financial Strength • Public company with $18.2bn market capitalization • AA rated 3
Brand Leadership Home of the World’s PremierBrands The Company You Keep • 70 of the largest 100 Global Corporations • 54% of the 2007 Fortune 100 Fastest Growing Companies • 37 of 50 2007 Business Week 50 Best Performing Companies • 93% of the Dow Jones Industrial Average • 90% of Barron’s 2007 500 Most Respectful Companies in the world • 85% of the S&P 500 4
The World’s Largest Global Stock Market MARKET CAPITALIZATION (in USD $ Trillions) AVERAGE DAILY TRADING VALUE (in USD $ Billions) NYSE Euronext’s market valuation of listed companies is almost three times larger than its next competitor. Average daily value of stocks traded on NYSE Euronext is almost double the next competitor. Source: World Federation of Exchanges. 2008 YTD as of February 29, 2008. * Nasdaq/OMX data is preliminary Note: Figures denote total worldwide market capitalization for listed operating companies. NYSE, LSE Group, and Nasdaq/OMX data exclude duplicate listings. Source: World Federation of Exchanges, Reuters, Bloomberg and NYSE Euronext as of February 29, 2008. 5 5
Listed Company Value Proposition Listing Venue Choice • Multiple entry points for issuers of any size and geography • Listing alternatives complement issuer’s strategy over time Enhanced Liquidity • Access to $ and € – the world’s two leading currencies • Extended trading day • Product extensions (ETFs, Indices, Options, Futures…) • NYSE Euronext working towards fungible trading between US and Europe Broad Investor Pool • Global and local investor access • Trade issuer’s full balance sheet including equities, bonds, derivatives, options • Investor outreach programs Unique Global Visibility • Superior service offering • Unparalleled brand association • Superior peer alignment Advocacy on Behalf of Listed Companies • NYSE Euronext represents listed company interests to advance changes to legal and regulatory policies 6
Market of Choice - Capital Raised NYSE Euronext is the Market of Choice for Global IPOs Capital Raised 2007 More companies choose to enter the public markets through NYSE Euronext than any other market. In 2007, this market was well ahead of the other two major exchanges, London and Hong Kong, and raised over three times more capital than either Nasdaq or AIM. Total $81b Median $209m Total $52b Median$252m Total $40b Median $211m Total $13b Median $32m Total $21b Median $103m 7
Diversification NYSE Euronext to acquire the American Stock Exchange • Obtain a second U.S. option exchange license • Strengthen NYSE Arca’s leadership position in ETF’s, Closed-End Funds and Structured Products NYSE Euronext proposed rule changes to allow for the listing of Acquisition Companies NYSE Euronext completes the acquisition of Wombat Financial Software • World leader in market management solutions NYSE Euronext announced the purchase of the CME Group’s Metals Complex • Will begin trading gold and silver futures and options 9
NYSE Euronext – Global Franchise NYSE Euronext is the gateway to global influencers supported by a comprehensive suite of investor relations and visibility services and branding opportunities unmatched by any other market Results: • Position NYSE-listed companies among the world’s leading companies • Offer networking opportunities and access to thought leaders shaping global economic policy • Enhance visibility among investors, customers, strategic partners and media • Support long-term growth strategies 10
Policy Leadership NYSE Euronext CEO Leadership Forums As the center of the global capital markets, NYSE Euronext serves as a unifying voice for the listed company community. Worldwide leaders converge at NYSE Euronext to meet with listed company CEO’s and discuss policy issues that directly impact global competitiveness. • Past participants include: Condoleezza Rice, U.S. Secretary of State; Henry Paulson, Secretary of Treasury; H.E. Wen Jiabao, Premier of the People’s Republic of China; Manmohan Singh, Prime Minister of India; H.E. Nestor Carlos Kirchner, President of Argentina; Samuel W. Bodman, Secretary of Energy; Don Evans, Fmr. Secretary of Commerce; Carlos Gutierrez, Secretary of Commerce; Alphonso Jackson, Secretary of Housing & Urban Development; Margaret Spellings, Secretary of Education 11
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 andcommemorate corporate milestones. Gateway to reach your most importantaudiences: • Partnership/customer events • Investor Meetings • Board meetings • Product Launches New York Stock Exchange Le Palais de la Bourse Bruxelles Palais Brongniart 12
Operational Issues Update • Direct Registration – 100% compliant • Aberrant Trade Policy • Proxy Issues 13 13
Questions & Answers My e-mail address is swalsh@nyse.com