NYSE Euronext declared a quarterly cash dividend of $0.30 per share for the third quarter of 2010. The third quarter 2010 dividend is payable September 30, 2010 to shareholders of record as of the close of business on September 15, 2010. The anticipated ex-date will be September 13, 2010.
Cees Vermaas will become the new chairman of the Managing Board oF NYSE Euronext Amsterdam, succeeding Joost van der Does de Willbois.
NYSE Euronext has partnered with William Ryan Group, Inc to provide the New York Stock Exchange floor brokers with a new technology platform that will allow them to effectively manage and analyze their transaction activity. The service calculates trading fees and rebates for all of a firm's NYSE and NYSE Amex executions and can also look at costs by algorithmic versus non-algorithmic trade executions, billable versus non-billable executions, and aggregate trading-volume analyses.
NYSE Euronext has been overtaken by Chi-X Europe, the alternative trading platform, making Chi-X the second largest European equities market by value traded. Trading levels for Chi-X were valued at EUR5.6 billion compared to EURO7.6 billion for the London Stock Exchange, EUR5.2 billion for NYSE Euronext.
NYSE Euronext had its busiest trading day in history with 3.2 billion shares worth of transactions reported. Heavy trading was driven by quarterly rebalancing of the S&P 500 index along with record trade in share of Citigroup Inc. (C)
Deutche Boerse AG was in merger talks with NYX, but the talks have since stalled.
Net income for the quarter sunk to $174 million from $258 million in Q3 of last year. Revenue rose to $1.2 billion in the quarter from $1.1 billion a year earlier. The 33% decrease in profit was due to merger costs, severance payments and a decline in European derivatives trading.
NYSE Euronext's stock rallied on the news that it was being placed in the S&P 100 and 500 indices. Furthermore, the creation of strategic alliances in Europe helped the stock rally even further. It announced a deal with French state bank CDC to create a multinational C02 trading market, as well as a deal with BNP and HSBC to create a new trading platform for European stocks.