NYX Nyse Euronext

The NYSE Euronext (NYX) chief executive said the company considered partnerships with Asian exchanges prior to moving forward with the Deutsche Boerse (DB1.XE, DBOEF) merger, but decided such tie-ups would only be feasible in the long-term future.

When weighing potential mergers, the Big Board operator considered a partnership with one of the Asian exchanges, but ultimately felt the region was not ripe for deal activity right now, NYSE Euronext CEO Duncan Niederauer said Thursday, speaking at the company's annual shareholder meeting.

"Asia's the long-term opportunity, but none of those exchanges are really available to be involved in mergers and acquisition activity right now," he said. The Singapore Exchange Ltd. (S68.SG) was already "engaged" with Australia's ASX Ltd. (ASX.AU) exchange, Niederauer noted. NYSE Euronext also previously decided to sell its stake in India's National Stock Exchange, he said.

"Asian exchanges would be very interesting, but nothing's actionable now," Niederauer said.

The NYSE Euronext board also weighed combinations with the London Stock Exchange Group PLC (LSE.LN) and ICAP PLC (IAP.LN, IAPLY), as well as Nasdaq OMX Group Inc. (NDAQ), which now is pursuing a break-up of the Big Board operator.

The dealmaking options were weighed about a year and a half ago as Niederauer and the board debated long-term strategies to elevate the Big Board parent into a more-global player spanning a broader slate of products and trading services.

Niederauer said Thursday that South American options were also weighed. NYSE officials considered a tie-up with Brazil's BM&F Bovespa (BVMF3.BR), but decided its greater size and links with CME Group Inc. (CME) precluded a deal.

-By Kristina Peterson, Dow Jones Newswires, 212-416-2917; kristina.peterson@dowjones.com

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