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Joseph S. Rizzello CEO, National Stock Exchange October 24, 2011. THE CHANGING WORLD Of Exchange trading. U.S. Exchange Market Capitalization. Data as of October 2011 Source: Yahoo Finance. NYSE/ Euronext Historical Stock Price. Source: Yahoo Finance.
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Joseph S. Rizzello CEO, National Stock Exchange October 24, 2011 THE CHANGING WORLDOf Exchange trading
U.S. Exchange Market Capitalization Data as of October 2011 Source: Yahoo Finance
NYSE/EuronextHistorical Stock Price Source: Yahoo Finance
NASDAQ OMX Group Historical Stock Price Source: Yahoo Finance
U.S. Equity Market Share *through August 2011
U.S. Equity Trading Venues Trading venues include U.S. Exchanges and Alternative Trading Systems (Dark Pools, ECNs, etc.)
NYSE/Euronext/DTB * Data in billions *Merger of NYSE/Euronext completed in April 2007 **Data through June 2011
CME/CBOT Merger From 2002 to 2010: • Revenues tripled, along with average daily trading volumes • Operating expenses increased by only 1.7 times • Pretax operating income up over 7 times • Total headcount increased from 1,156 to 2,570 *July 2007 - CBOT shareholders approved the $11.3 billion merger agreement with CME *August 2008 - NYMEX approves $8.3 billion takeover by CME Group
NASDAQ OMX Group * Data in billions *NASDAQ OMX Group merger completed in early 2008 ** Data through June 2011
Chicago Board Options Exchange Data in billions * Data through June2011
U.S. Initial Public Offerings (IPO’s) Through 8/31/11