NYSE Euronext One Step Closer to World’s Largest Exchange Operator

The proposed merger between Deutsche Boerse AG and NYSE Euronext (NYSE:NYX) got a leg up Thursday when the two financial exchanges offered to sell overlapping parts of their single-stock derivative businesses. The exchange operators will also allow rival exchanges to clear interest rate and equity index derivatives on their Eurex Clearing house.

The two exchanges submitted their proposals to the European Commission late Thursday night. “I think this is a good way for Deutsche Boerse and NYSE to make concessions which address the Commission’s issues without giving up too much,” said analyst Christian Muschick at Silvia Quandt Research.

The Commission had misgivings about the combined groups’ share in listed derivatives trading of almost 94%. If the merger goes through, it will form the world’s largest exchange operator.

Here’s how exchange operators are trading on the news:

  • NYSE Euronext, Inc. (NYSE:NYX): NYX shares recently traded at $27.08, up $0.5, or 1.88%. Its market capitalization is $7.09 billion. They have traded in a 52-week range of $21.80 to $41.60. Volume today was 3,062,305 shares versus a 3-month average volume of 3,630,780 shares. The company’s trailing P/E is 11.10, while trailing earnings are $2.44 per share. The company pays a dividend of $1.20 per share for a dividend yield of 4.50%. About the company: NYSE Euronext operates an international stock exchange. The Company operates a marketplace for equities and derivatives in Belgium, France, the Netherlands and Portugal, derivatives in the United Kingdom, and equities and other securities in the United States. Get the most recent company news and stock data here >>
  • Nasdaq OMX Group Inc. (NASDAQ:NDAQ): NDAQ shares recently traded at $25.67, up $0.23, or 0.9%. Its market capitalization is $4.55 billion. They have traded in a 52-week range of $20.32 to $29.71. Volume today was 1,310,393 shares versus a 3-month average volume of 2,745,350 shares. The company’s trailing P/E is 10.70, while trailing earnings are $2.40 per share. About the company: The NASDAQ OMX Group, Inc. is a global exchange group that delivers trading, exchange technology, securities listing, and public company services across multiple continents. The Exchange’s offerings include trading across multiple asset classes, market data products, financial indexes, capital formation solutions, financial services and market technology products and services. Get the most recent company news and stock data here >>
  • CME Group Inc. (NASDAQ:CME): CME shares recently traded at $248.89, up $10.84, or 4.55%. Its market capitalization is $16.52 billion. They have traded in a 52-week range of $235.23 to $328.00. Volume today was 1,506,625 shares versus a 3-month average volume of 675,682 shares. The company’s trailing P/E is 13.19, while trailing earnings are $18.86 per share. The company pays a dividend of $5.60 per share for a dividend yield of 2.30%. About the company: CME Group Inc. operates a derivatives exchange that trades futures contracts and options on futures, interest rates, stock indexes, foreign exchange and commodities. The Exchange brings together buyers and sellers of derivatives products on its trading floors, electronic trading platform, and through privately negotiated transactions that it clears. Get the most recent company news and stock data here >>
  • CBOE Holdings, Inc. (NASDAQ:CBOE): CBOE shares recently traded at $26.34, up $0.23, or 0.88%. Its market capitalization is $2.37 billion. They have traded in a 52-week range of $21.55 to $29.77. Volume today was 472,383 shares versus a 3-month average volume of 756,663 shares. The company’s trailing P/E is 17.75, while trailing earnings are $1.48 per share. The company pays a dividend of $0.48 per share for a dividend yield of 1.80%. About the company: CBOE Holdings Inc. operates a marketplace for the trading of standardized, listed options on equity securities. The Company is recognized for its role in the trading of options on individual equities, market indexes and exchange-traded funds, their suite of products, their markets and their hybrid trading model. Get the most recent company news and stock data here >>
  • IntercontinentalExchange, Inc. (NYSE:ICE): ICE shares recently traded at $117.19, down $0.98, or 0.83%. Its market capitalization is $8.51 billion. They have traded in a 52-week range of $102.57 to $135.38. Volume today was 915,300 shares versus a 3-month average volume of 724,095 shares. The company’s trailing P/E is 18.00, while trailing earnings are $6.51 per share. About the company: IntercontinentalExchange Inc. operates global commodity and financial products marketplaces. The Company operates electronic energy markets and soft commodity exchanges as well. ICE offers access to contracts based on crude oil and refined products, natural gas, power and emissions, as well as agricultural commodities including cocoa, coffee, cotton, orange juice, and sugar. Get the most recent company news and stock data here >>

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