NYX Nyse Euronext

NYSE Euronext (NYX) will reconsider an ambitious plan to construct new trade-handling facilities in Europe as it progresses in merger plans with Deutsche Boerse AG (DB1.XE), according to a senior NYSE Euronext executive.

"Should we go forward with the merger, Deutsche Boerse already has a cash clearing and futures clearing operation," said Michael Geltzeiler, chief financial officer for the New York Stock Exchange parent.

"The opportunity to integrate our build initiative with what they have is one of the synergies we'll be pursuing," he said, speaking to investors at a Citi Invesment Research event Thursday.

NYSE Euronext in recent years has moved to take greater control of trade-clearing. The process of centrally guaranteeing stock and derivatives transactions provides a new stream of revenue for the exchange operator and is seen hastening new product development and expansion into over-the-counter derivatives services.

While NYSE Euronext has been pushing ahead with development of new units in the U.K., continental Europe and the U.S., Deutsche Boerse runs an incumbent facility that has long handled its European securities, futures and options business, while underpinning a still-small effort in credit default swaps.

NYSE Euronext's plan to develop derivatives clearing in the U.S., a joint venture with the Depository Trust and Clearing Corp., is expected to continue. That facility, alongside related fixed-income futures contracts, is seen launching on March 21.

-By Jacob Bunge, Dow Jones Newswires; 312-750-4117; jacob.bunge@dowjones.com

Grafico Azioni NYSE Group (NYSE:NYX)
Storico
Da Giu 2024 a Lug 2024

Grafico Azioni NYSE Group (NYSE:NYX)
Storico
Da Lug 2023 a Lug 2024