NYSE Extends Persuasion of Europe

Deutsche Boerse and NYSE Euronext (NYSE:NYX) have moved back the completion deadline of their planned $9 billion merger from Dec. 31, 2011 to March 31, 2012 as they work to persuade European regulators to back the deal.

The exchanges, which assented to the merger on February 14, informed the Securities and Exchange Commission last week of intentions to exert their right to extend the original deadline.

European authorities worry that the merger would allow the new entity to hold a monopoly in European futures and options and have requested that the exchanges address their concern. Between them, the two exchanges have more than 90 percent of European trading.

Here’s how exchange operator stocks are reacting to the news:

NYSE Euronext, Inc. (NYSE:NYX): NYX shares recently traded at $25.83, down $0.38, or 1.45%. They have traded in a 52-week range of $21.80 to $41.60. Volume today was 496,329 shares versus a 3-month average volume of 2,905,490 shares. The company’s trailing P/E is 10.59, while trailing earnings are $2.44 per share.

Nasdaq OMX Group Inc. (NASDAQ:NDAQ): NDAQ shares recently traded at $24.31, down $0.32, or 1.3%. They have traded in a 52-week range of $20.32 to $29.71. Volume today was 247,121 shares versus a 3-month average volume of 2,238,680 shares. The company’s trailing P/E is 10.13, while trailing earnings are $2.40 per share.

CME Group Inc. (NASDAQ:CME): CME shares recently traded at $242.81, down $2.4, or 0.98%. They have traded in a 52-week range of $235.23 to $325.94. Volume today was 119,368 shares versus a 3-month average volume of 695,854 shares. The company’s trailing P/E is 12.87, while trailing earnings are $18.86 per share.

CBOE Holdings, Inc. (NASDAQ:CBOE): CBOE shares recently traded at $25.77, down $0.4, or 1.53%. They have traded in a 52-week range of $21.55 to $29.77. Volume today was 120,966 shares versus a 3-month average volume of 663,449 shares. The company’s trailing P/E is 17.37, while trailing earnings are $1.48 per share.

To contact the reporter on this story: Gina Smith at staff.writers@wallstcheatsheet.com

To contact the editor responsible for this story: Damien Hoffman at editors@wallstcheatsheet.com