fmxExchangeConnect - NYX 1Q10 Earnings Call

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NYX 1Q10 Earnings Call – Tuesday, April 4th

May 3 2010, 14:50

ERDESK: NYX 1Q10 Earnings Call – Tuesday, April 4th at 8:00 am ET

· 1Q10 NYX Liffe ADV was up 32% Y/Y to 3.9 mn contracts with interest rate volumes and open interest reaching all time highs in March

· In Europe, the number cash trades was up 4% Y/Y to 719,000 per day. Pricing pressure is expected to continue as MTFs are matching over 30% of blue chips.

· NYX US cash equities ADV decreased 36% Y/Y to 2.3 bn shares as industry volumes were down 24% and matched market share declined 170 bps to 25.5%.

· US options market share increased 140 bps to a record 26.5% as liquidity continued to shift to order-driven venues

· NYX is trading at 14x 2011 earnings, a 10% premium to the S&P 500 Index.

Provided By: Equity Research Desk, www.erdesk.com

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