NYX » Topics » We face foreign currency exchange rate risk.

These excerpts taken from the NYX 10-K filed Mar 25, 2008.

We face foreign currency exchange rate risk.

Since we conduct operations in both the United States and Europe, a substantial portion of our assets, liabilities, revenues and expenses are denominated in U.S. dollars, euros and pounds sterling. Because our financial statements are denominated in U.S. dollars, fluctuations in currency exchange rates, especially the euro/pound sterling against the U.S. dollar, could have a material impact on our reported results. We may also experience other market risks, including changes in interest rates and in prices of marketable equity securities that we own. We may use derivative financial instruments to reduce certain of these risks. If our strategies to reduce our foreign currency exchange rate risks are not successful, our financial condition and operating results may be adversely affected.

 

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ITEM 1B. UNRESOLVED STAFF COMMENTS

There are no material unresolved written comments that were received from the SEC staff 180 days or more before the end of our fiscal year relating to our periodic or current reports under the Securities Exchange Act of 1934.

 

ITEM 2. PROPERTIES

We conduct our operations in premises in the United States and in Europe.

We face foreign currency exchange rate risk.

STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%">Since we conduct operations in both the United States and Europe, a substantial portion of our assets, liabilities, revenues and expenses are denominated
in U.S. dollars, euros and pounds sterling. Because our financial statements are denominated in U.S. dollars, fluctuations in currency exchange rates, especially the euro/pound sterling against the U.S. dollar, could have a material impact on our
reported results. We may also experience other market risks, including changes in interest rates and in prices of marketable equity securities that we own. We may use derivative financial instruments to reduce certain of these risks. If our
strategies to reduce our foreign currency exchange rate risks are not successful, our financial condition and operating results may be adversely affected.

 


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Table of Contents







ITEM
1B. UNRESOLVED STAFF COMMENTS

There are no
material unresolved written comments that were received from the SEC staff 180 days or more before the end of our fiscal year relating to our periodic or current reports under the Securities Exchange Act of 1934.

STYLE="font-size:18px;margin-top:0px;margin-bottom:0px"> 






ITEM 2.
PROPERTIES

We conduct our operations in premises
in the United States and in Europe.

EXCERPTS ON THIS PAGE:

10-K (2 sections)
Mar 25, 2008
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