NYSE Euronext - FORM 8-K - EX-99.1 - PRESS RELEASE, DATED AUGUST 2, 2011

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Exhibit 99.1

LOGO

NYSE Euronext Announces Second Quarter 2011 Financial Results

— Second Quarter GAAP Diluted EPS of $0.59 vs. $0.70 in the Prior Year Period —

— Diluted EPS of $0.61 vs. $0.64, Excluding Merger Expenses, Exit Costs & Disposal Activities —

— Global Leader for IPOs in the First-Half of 2011 Reflecting Continued Momentum in Global Listings Franchise —

— Shareholders of NYSE Euronext and Deutsche Boerse Approve Business Combination —

Financial and Operating Highlights^{1, 2}

•

Diluted EPS of $0.61 vs. $0.64, down 5% vs. 2Q10

•

Net revenue of $661 million, up 1% vs. 2Q10 including $33 million positive FX impact

•

Fixed operating expenses of $419 million, down 3% on a constant dollar/portfolio basis vs. 2Q10

•

Operating income of $242 million, down 2% vs. 2Q10 including $16 million positive FX impact

•

Technology segment revenue increases 14% vs. 2Q10; operating margin increases to 30% from 19%

•

Debt-to-EBITDA ratio declines to 1.7 times with elimination of short-term debt

•

Board declares third quarter 2011 cash dividend of $0.30 per share

¹	All comparisons versus 2Q10 unless otherwise stated. Excludes merger expenses, exit costs, disposal activities and discrete tax items.

²	A full reconciliation of our non-GAAP results to our GAAP results is included in the attached tables. See also our statement on non-GAAP financial measures at the end of this earnings release.

NEW YORK – August 2, 2011 – NYSE Euronext (NYX) today reported net income of $154 million, or $0.59 per diluted share, for the second quarter of 2011, compared to net income of $184 million, or $0.70 per diluted share, for the second quarter of 2010. Results for the second quarter of 2011 and 2010 include $18 million and $32 million, respectively, of pre-tax merger expenses and exit costs. The $18 million in merger expenses and exit costs in the second quarter of 2011 included $12 million related to the proposed merger with Deutsche Boerse. Second quarter of 2010 results also included a net $54 million pre-tax gain from disposal activities. Excluding merger expenses, exit costs, disposal activities and discrete tax items, net income in the second quarter of 2011 was $160 million, or $0.61 per diluted share, compared to $167 million, or $0.64 per diluted share, in the second quarter of 2010.

“Our solid results in the second quarter reflect our focus on revenue diversification, disciplined cost management and balance sheet strength as we continue to execute against our long-term strategy in an extremely challenging environment,” said Duncan L. Niederauer, CEO, NYSE Euronext. “NYSE Liffe U.S. continues to gain traction with the launch of Eurodollar and U.S. treasury futures, we closed the sale of stakes in NYSE Amex Options and we were the global leader in IPOs for the second consecutive quarter, with a growing share of technology IPOs selecting NYSE. Lastly, our technology services business, which grew revenue 14% year-over-year, launched the first cloud computing platform in financial services.

“I would like to thank the shareholders of both NYSE Euronext and Deutsche Boerse for their overwhelming support of our pending combination. Integration planning is on schedule and we continue to cooperate with all our regulators as we prepare for a closing by end of 2011.”

The table below summarizes the financial results¹for the second quarter of 2011:


										% D 2Q11 vs. 2Q10			Year- to-Date						% D YTD 11 vs. YTD 10
*($ in millions, except EPS)*	2Q11			1Q11			2Q10			% D 2Q11 vs. 2Q10			2011			2010			% D YTD 11 vs. YTD 10
Total Revenues²	$	1,092		$	1,148		$	1,247			(12	%)	$	2,240		$	2,330			(4	%)

Total Revenues, Less Transaction-Based Expenses³		661			679			654			1	%		1,340			1,299			3	%
Other Operating Expenses⁴		419			415			407			3	%		834			834			-

Operating Income⁴	$	242		$	264		$	247			(2	%)	$	506		$	465			9	%
Net Income⁴	$	160		$	177		$	167			(4	%)	$	337		$	307			10	%
Diluted Earnings Per Share⁴	$	0.61		$	0.68		$	0.64			(5	%)	$	1.28		$	1.18			9	%
*Operating Margin*		37	%		39	%		38	%		*(1 ppts*	)		38	%		36	%		*2 ppts*
*EBITDA Margin*		47	%		49	%		48	%		*(1 ppts*	)		48	%		46	%		*2 ppts*

¹	A full reconciliation of our non-GAAP results to our GAAP results is included in the attached tables. See also our statement on non-GAAP financial measures at the end of this earnings release.

²	Includes activity assessment fees.

³	Transaction-based expenses include Section 31 fees, liquidity payments and routing & clearing fees.

⁴	Excludes merger expenses, exit costs, disposal activities and discrete tax items.

Michael S. Geltzeiler, Group Executive Vice President and CFO, NYSE Euronext commented, “In the second quarter, we continued to deliver on our commitments to shareholders. Revenues year-to-date are running 3% above prior year levels and fixed operating expenses on a constant dollar/portfolio basis are running 4% below prior year, despite increased costs accompanying higher technology revenues. As a result of our strong free cash flow generation and lower capital expenditures, we retired our outstanding commercial paper which lowered our debt-to-EBITDA ratio to 1.7 times in the second quarter. Our financial position continues to strengthen as we move forward with the final phase of our combination with Deutsche Boerse.”

SECOND QUARTER 2011 CONSOLIDATED RESULTS

Total revenues, less transaction-based expenses, which include Section 31 fees, liquidity payments and routing and clearing fees (net revenue), was $661 million in the second quarter of 2011, up $7 million, or 1% compared to the second quarter of 2010 and included a $33 million positive impact from currency fluctuations. The $7 million increase in net revenue compared to the second quarter of 2010 was driven by a $30 million increase in non-trading revenue which more than offset a $23 million decrease in net trading revenues, driven primarily by declines in European derivatives and U.S. cash equity average daily trading volume (“ADV”). Second quarter of 2010 ADV across all venues was marked by unseasonally strong trading volumes due to heightened market volatility driven by the advent of the sovereign debt crisis in Europe and the flash crash in the United States.

Other operating expenses, which exclude merger expenses and exit costs, were $419 million in the second quarter of 2011, up $12 million, or 3% compared to the second quarter of 2010. Excluding the impact of acquisitions, new initiatives and a $17 million negative impact attributable to foreign currency fluctuations, fixed operating expenses were down $14 million, or 3%, compared to the second quarter of 2010.

Operating income, excluding merger expenses and exit costs, was $242 million, down $5 million, or 2% compared to the second quarter of 2010 and included a $16 million positive impact attributable to foreign currency fluctuations.

Adjusted EBITDA, which excludes merger expenses and exit costs, was $312 million, in-line with the second quarter of 2010. Adjusted EBITDA margin was 47% in the second quarter of 2011, compared to 48% in the second quarter of 2010.

Non-operating income for the second quarter of 2011 and 2010 includes the impact of the New York Portfolio Clearing (loss/income from associates) and NYSE Liffe U.S. (net loss/income attributable to non-controlling interest) initiatives which are currently in a loss position, but are moving toward profitability as trading volumes and open interest continue to grow. Non-operating income in the second quarter of 2010 includes a net pre-tax gain of $54 million related to disposal activities, primarily in connection with the sale of our 5% stake in the National Stock Exchange of India (other income). With the closing of the sale of stakes in the NYSE Amex Options business, beginning with the third quarter of 2011, profits generated by NYSE Amex Options will be shared with our partners (net loss/income attributable to non-controlling

interest). Had the sale closed on April 1, 2011, diluted earnings per share would have decreased by $0.02 in the second quarter of 2011.

For the second quarter of 2011, the effective tax rate, excluding merger expenses, exit costs, disposal activities and discrete tax items, was approximately 26% compared to 27% in the second quarter of 2010.

The weighted average diluted shares outstanding in the second quarter of 2011 was 263 million, up from 261 million shares in the second quarter of 2010. Approximately 0.3 million shares were issued in the second quarter of 2011 to former Amex members in connection with the sale of the former American Stock Exchange headquarters.

At June 30, 2011, total debt of $2.2 billion was $0.2 million below December 31, 2010 levels driven by the elimination of $0.2 billion in commercial paper during the second quarter of 2011. Cash, cash equivalents, investments and other securities (including $172 million related to Section 31 fees collected from market participants and due to the SEC) was $0.4 billion and net debt was $1.8 billion at the end of the second quarter 2011.

The ratio of debt-to-EBITDA in the second quarter of 2011 declined to 1.7 times, the lowest level since the establishment of NYSE Euronext in April 2007.

Total capital expenditures in the second quarter of 2011 were $31 million, compared to $70 million in the second quarter of 2010. Through the first-half of 2011, capital expenditures were $67 million consistent with full-year 2011 guidance of capital expenditures of less than $200 million.

Headcount as of June 30, 2011 was 2,988, down 1% from March 31, 2011 and down slightly from June 30, 2010 levels despite several acquisitions.

The Board of Directors declared a cash dividend of $0.30 per share for the third quarter of 2011. The third quarter 2011 dividend is payable September 30, 2011 to shareholders of record as of the close of business on September 15, 2011. The anticipated ex-date will be September 13, 2011.

SECOND QUARTER 2011 SEGMENT RESULTS

Below is a summary of business segment results:


*($ in millions)*	*Derivatives*						*Cash Trading & Listings*						*Info. Svcs. & Tech. Solutions*
*($ in millions)*	Net Revenue¹		Operating Income²		Adjusted EBITDA²		Net Revenue¹		Operating Income²		Adjusted EBITDA²		Revenue		Operating Income²		Adjusted EBITDA²
2Q11	$	213	$	112	$	126	$	327	$	128	$	174	$	122	$	36	$	46
1Q11	$	236	$	146	$	161	$	328	$	125	$	171	$	116	$	28	$	37
2Q10	$	226	$	140	$	153	$	321	$	126	$	171	$	107	$	20	$	28

¹	Net revenue defined as total revenue less transaction-based expenses including Section 31 fees, liquidity payments and routing & clearing fees.

²	Excludes merger expenses and exit costs.

DERIVATIVES

Derivatives net revenue of $213 million in the second quarter of 2011 decreased $13 million, or 6% compared to the second quarter of 2010 and included a $15 million positive impact from currency fluctuations. The $13 million decrease in Derivatives net revenue compared to the second quarter of 2010, was driven by a $13 million, or 8% decrease in European derivatives net trading revenue on a 20% decline in ADV.

•

Global Derivatives ADV in the second quarter of 2011 was 9.4 million contracts, a decrease of 12% compared to the second quarter of 2010 which benefited from heightened market volatility driven by the advent of the sovereign debt crisis in Europe.

•

NYSE Euronext European derivatives products ADV in the second quarter of 2011 of 5.3 million contracts decreased 20% compared to the second quarter of 2010, but increased 14% from first quarter 2011 levels.

•

NYSE Liffe U.S., the U.S. futures exchange of NYSE Euronext, reached several key milestones in customer participation with total open interest surpassing 750,000 contracts and approaching 800,000. In the four months since the launch Eurodollar and U.S. Treasury futures on the exchange, open interest in these two new products is just under 675,000 with more than 6 million total contracts traded. The level of volume, open interest and liquidity is evidence of the rapid acceptance of NYSE Liffe U.S. by customers. Also during the second quarter, NYSE Liffe U.S. successfully migrated futures contracts based on the international flagship MSCI Emerging Markets and MSCI EAFE indices from the Chicago Mercantile Exchange.

•

NYSE Euronext completed the sale of a 52.8% equity interest in NYSE Amex Options to seven leading order flow providers and market making firms: Bank of America Merrill Lynch, Barclays Capital, Citadel Securities, Citi, Goldman Sachs, TD Ameritrade and UBS AG. NYSE Euronext will remain the largest single shareholder in the entity which will be supervised by a separate board of directors.

•

NYSE Euronext’s U.S. equity options exchanges accounted for 26% of total consolidated U.S. equity options trading in the second quarter of 2011, in-line with the second quarter of 2010.

CASH TRADING AND LISTINGS

Cash Trading and Listings net revenue of $327 million in the second quarter of 2011 increased $6 million, or 2% compared to the second quarter of 2010 and included a $13 million positive impact from currency fluctuations. The $6 million increase in net revenue compared to the second quarter of 2010, was primarily driven by a $14 million increase in non-trading related revenue, principally listings and other revenue which more than offset a decline in net trading revenue. The decline in net trading revenue was primarily driven by a 36% decrease in U.S. cash equities ADV, partially offset by a 32% increase in average net revenue per 100 shares handled due to higher fees and favorable business mix.

•

European cash ADV of 1.5 million transactions in the second quarter of 2011 decreased 11% from 1.7 million transactions in the second quarter of 2010. European cash market share (value traded) in NYSE Euronext’s four core markets was 71% in the second quarter of 2011, down from 74% in the second quarter of 2010, but up from 70% in the first quarter of 2011. In the U.S., cash trading ADV declined 36% to 2.1 billion shares traded from 3.2 billion in the second quarter of 2010. Tape A matched market share was 35% in the second quarter of 2011, down from 37% in the second quarter of 2010, but up slightly from first quarter of 2011 levels.

•

NYSE Euronext led the global market for listing initial public offerings (IPOs) in the first half of 2011 with $25.4 billion in total capital raised on its European and U.S. markets, more than any exchange group in the world. During the most recent quarter, the New York Stock Exchange (NYSE) led the U.S. IPO market, with 35 IPOs raising $10.6 billion, or 73% of total proceeds raised from IPOs in the U.S.

•

NYSE has steadily captured share in technology-based IPOs with its commitment to partner with growth companies. NYSE has listed 17 out of 31, or 55% of the tech IPOs YTD, up from 44% in 2010. LinkedIn, Active Network, Fusion-io and Pandora’s offerings came amid a recent fervor for high-profile tech IPOs.

•

The NYSE has welcomed 6 transfers from Nasdaq with total market capitalization of $6.3 billion thus far in 2011, and lost none. SuccessFactors Inc. was the most recent transfer from Nasdaq to the NYSE and cross-listed on the European markets of NYSE Euronext. This follows the recent trend for transfers, with 40 companies having transferred to the NYSE from Nasdaq since 2007.

INFORMATION SERVICES AND TECHNOLOGY SOLUTIONS

Information Services and Technology Solutions revenue was $122 million in the second quarter of 2011, an increase of $15 million, or 14% compared to the second quarter of 2010 and included a $5 million positive impact from currency fluctuations. The $15 million increase in revenue compared to the second quarter of 2010, was primarily driven by an increase in infrastructure revenue, principally SFTI and data center fees.

•

The Information Services and Technology Solutions segment achieved its highest level of quarterly revenue generation with an operating margin of 30% as the sales pipeline continues to build.

•

NYSE Technologies launched the financial services industry’s first cloud platform, the Capital Markets Community Platform. Designed to increase business agility, simplify market access and reduce trading friction by utilizing rapid on-demand computing resources, this enterprise-level platform was developed in partnership with cloud computing experts VMware (NYSE: VMW) and EMC (NYSE: EMC) to address the unique performance and security requirements of financial services firms. The Capital Markets Community Platform will offer a range of cloud-based services that enable customers to easily purchase the computing power required at a given time so they can focus on their core business strategy rather than complex IT infrastructure design and maintenance.

•

NYSE Technologies was named the “Best Data Provider” among global securities exchanges by Inside Market Data. This recognition was awarded at the 2011 Inside Market Data and Inside Reference Data Awards ceremony recently in New York. The acknowledgement of NYSE Technologies as a leading innovator and comprehensive data provider was determined by an online poll of buy-side and sell-side professionals as well as investors at financial institutions and securities firms globally.

# # #

The accompanying tables include information integral to assessing the Company’s financial performance.

Analyst/Investor/Media Call: August 2, 2011 at 8:00 a.m. (NY/EDT)/2:00 p.m. (Paris/CEST)

A presentation and live audio webcast of the second quarter 2011 earnings conference call will be available on the Investor Relations section of NYSE Euronext’s website, http://www.nyseeuronext.com/ir. Those wishing to listen to the live conference via telephone should dial-in at least ten minutes before the call begins. An audio replay of the conference call will be available approximately one hour after the call on the Investor Relations section of NYSE Euronext’s website, http://www.nyseeuronext.com/ir or by dial-in beginning approximately two hours following the conclusion of the live call.

Live Dial-in Information:

United States: 866.713.8310

International: 617.597.5308

Passcode: 62542406

Replay Dial-in Information:

United States: 888.286.8010

International: 617.801.6888

Passcode: 16712451

Non-GAAP Financial Measures

To supplement NYSE Euronext’s consolidated financial statements prepared in accordance with GAAP and to better reflect period-over-period comparisons, NYSE Euronext uses non-GAAP financial measures of performance, financial position, or cash flows that either exclude or include amounts that are not normally excluded or included in the most directly comparable measure, calculated and presented in accordance with GAAP. Non-GAAP financial measures do not replace and are not superior to the presentation of GAAP financial results, but are provided to (i) present the effects of certain merger expenses, exit costs, disposal activities and discrete tax items, and (ii) improve overall understanding of NYSE Euronext’s current financial performance and its prospects for the future. Specifically, NYSE Euronext believes the non-GAAP financial results provide useful information to both management and investors regarding certain additional financial and business trends relating to financial condition and operating results. In addition, management uses these measures for reviewing financial results and evaluating financial performance. The non-GAAP adjustments for all periods presented are based upon information and assumptions available as of the date of this release.

D NYSE Euronext Earnings News Release with Tables and Operating Data

About NYSE Euronext

NYSE Euronext (NYX) is a leading global operator of financial markets and provider of innovative trading technologies.

The company’s exchanges in Europe and the United States trade equities, futures, options, fixed-income and exchange-traded products. With approximately 8,000 listed issues (excluding European Structured Products), NYSE Euronext’s equities markets – the New York Stock Exchange, NYSE Euronext, NYSE Amex, NYSE Alternext and NYSE Arca – represent one-third of the world’s equities trading, the most liquidity of any global exchange group. NYSE Euronext also operates NYSE Liffe, one of the leading European derivatives businesses and the world’s second-largest derivatives business by value of trading. The company offers comprehensive commercial technology, connectivity and market data products and services through NYSE Technologies. NYSE Euronext is in the S&P 500 index, and is the only exchange operator in the Fortune 500. For more information, please visit: http://www.nyx.com.

Safe Harbour Statement

In connection with the proposed business combination transaction between NYSE Euronext and Deutsche Boerse AG, Alpha Beta Netherlands Holding N.V. (“Holding”), a newly formed holding company, filed, and the SEC declared effective on May 3, 2011, a Registration Statement on Form F-4 with the U.S. Securities and Exchange Commission (“SEC”) that includes (1) a proxy statement of NYSE Euronext that also constitutes a prospectus for Holding used in connection with NYSE Euronext special meeting of stockholders held on July 7, 2011 and (2) an offering prospectus used in connection with Holding’s offer to acquire Deutsche Boerse AG shares held by U.S. holders. Holding has also filed an offer document with the German Federal Financial Supervisory Authority (Bundesanstalt fuer Finanzdienstleistungsaufsicht) (“BaFin”), which was approved by the BaFin for publication pursuant to the German Takeover Act (Wertpapiererwerbs-und Übernahmegesetz), and was published on May 4, 2011.

Investors and security holders are urged to read the definitive proxy statement/prospectus, the offering prospectus, the offer document, as amended, and published additional accompanying information in connection with the exchange offer regarding the proposed business combination transaction because they contain important information. You may obtain a free copy of the definitive proxy statement/prospectus, the offering prospectus and other related documents filed by NYSE Euronext and Holding with the SEC on the SEC’s website at www.sec.gov. The definitive proxy statement/prospectus and other documents relating thereto may also be obtained for free by accessing NYSE Euronext’s website at www.nyse.com. The offer document, as amended, and published additional accompanying information in connection with the exchange offer are available at Holding’s website at www.global-exchange-operator.com.

This document is neither an offer to purchase nor a solicitation of an offer to sell shares of Holding, Deutsche Boerse AG or NYSE Euronext. The final terms and further provisions regarding the public offer are disclosed in the offer document that has been approved by the BaFin and in documents that have been filed with the SEC.

No offering of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the U.S. Securities Act of 1933, as amended, and applicable European regulations. The exchange offer and the exchange offer document as amended, shall not constitute an issuance, publication or public advertising of an offer pursuant to laws and regulations of jurisdictions other than those of Germany, United Kingdom of Great Britain and Northern Ireland and the United States of America. The relevant final terms of the proposed business combination transaction will be disclosed in the information documents reviewed by the competent European market authorities.

Subject to certain exceptions, in particular with respect to qualified institutional investors (tekikaku kikan toshika) as defined in Article 2 para. 3 (i) of the Financial Instruments and Exchange Act of Japan (Law No. 25 of 1948, as amended), the exchange offer will not be made directly or indirectly in or into Japan, or by use of the mails or by any means or instrumentality (including without limitation, facsimile transmission, telephone and the internet) of interstate or foreign commerce or any facility of a national securities exchange of Japan. Accordingly, copies of this announcement or any accompanying documents may not be, directly or indirectly, mailed or otherwise distributed, forwarded or transmitted in, into or from Japan.

The shares of Holding have not been, and will not be, registered under the applicable securities laws of Japan. Accordingly, subject to certain exceptions, in particular with respect to qualified institutional investors (tekikaku kikan toshika) as defined in Article 2 para. 3 (i) of the Financial Instruments and Exchange Act of Japan (Law No. 25 of 1948, as amended), the shares of Holding may not be offered or sold within Japan, or to or for the account or benefit of any person in Japan.

Forward-Looking Statements

This document includes forward-looking statements about NYSE Euronext, Deutsche Boerse AG, Holding, the enlarged group and other persons, which may include statements about the proposed business combination, the likelihood that such transaction could be consummated, the effects of any transaction on the businesses of NYSE Euronext or Deutsche Boerse AG, and other statements that are not historical facts. By their nature, forward-looking statements involve risks and uncertainties because they relate to events and depend on circumstances that may or may not occur in the future. Forward-looking statements are not guarantees of future performance and actual results of operations, financial condition and liquidity, and the development of the industries in which NYSE Euronext and Deutsche Boerse AG operate may differ materially from those made in or suggested by the forward-looking statements contained in this document. Any forward-looking statements speak only as at the date of this document. Except as required by applicable law, none of NYSE Euronext, Deutsche Boerse AG or Holding undertakes any obligation to update or revise publicly any forward-looking statement, whether as a result of new information, future events or otherwise.

CONTACT: Media

+31.20.550.4488 (Amsterdam)

+32.2.509.1392 (Brussels)

+351.217.900.029 (Lisbon)

+44.20.7379.2789 (London)

+1.212.656.2140 (New York)

+33.1.49.27.11.33 (Paris)

CONTACT: Investor Relations

+1.212.656.5700 (New York)

NYSE Euronext

Condensed consolidated statements of income (unaudited)

(in millions, except per share data)

		Marchm31,			Marchm31,			Marchm31,			Marchm31,			Marchm31,
	Three months ended									Six months ended June 30,
	June 30, 2011			March 31, 2011			June 30, 2010			2011			2010
Revenues
Transaction and clearing fees	$	742		$	815		$	927		$	1,557		$	1,689
Market data		92			96			93			188			184
Listing		112			109			105			221			210
Technology services		89			82			75			171			154
Other revenues		57			46			47			103			93

Total revenues		1,092			1,148			1,247			2,240			2,330
Transaction-based expenses:
Section 31 fees		89			89			99			178			162
Liquidity payments, routing and clearing		342			380			494			722			869

Total revenues, less transaction-based expenses		661			679			654			1,340			1,299

Other operating expenses
Compensation		158			161			160			319			332
Depreciation and amortization		70			70			66			140			132
Systems and communications		45			52			47			97			99
Professional services		73			69			66			142			124
Selling, general and administrative		73			63			68			136			147
Merger expenses and exit costs		18			21			32			39			45

Total other operating expenses		437			436			439			873			879

Operating income		224			243			215			467			420
Net interest and investment income (loss)		(30	)		(29	)		(25	)		(59	)		(52	)
Loss from associates		(2	)		(1	)		(1	)		(3	)		(3	)
Other income		1			—			56			1			53

Income before income taxes		193			213			245			406			418
Income tax provision		(43	)		(62	)		(66	)		(105	)		(114	)

Net income		150			151			179			301			304
Net loss attributable to noncontrolling interest		4			4			5			8			10

Net income attributable to NYSE Euronext	$	154		$	155		$	184		$	309		$	314

Basic earnings per share attributable to NYSE Euronext	$	0.59		$	0.59		$	0.70		$	1.18		$	1.20
Diluted earnings per share attributable to NYSE Euronext	$	0.59		$	0.59		$	0.70		$	1.17		$	1.20

Basic weighted average shares outstanding		262			261			261			262			261
Diluted weighted average shares outstanding		263			262			261			263			261

We use non-GAAP financial measures of operating performance. Non-GAAP measures do not replace and are not superior to the presentation of our GAAP financial results but are provided to improve overall understanding of our current financial performance and our prospects for the future.

		Marchm31,			Marchm31,			Marchm31,			Marchm31,			Marchm31,
	Three months ended									Six months ended June 30,
Non-GAAP Reconciliation	June 30, 2011			March 31, 2011			June 30, 2010			2011			2010
Income before income taxes – GAAP	$	193		$	213		$	245		$	406		$	418
Excluding:
Net gain on disposal activities		—			—			(54	)		—			(54	)
Merger expenses and exit costs		18			21			32			39			45

Income before income taxes – as adjusted		211			234			223			445			409
Income tax provision		(55	)		(61	)		(61	)		(116	)		(112	)

Net income – as adjusted		156			173			162			329			297
Net loss attributable to noncontrolling interest		4			4			5			8			10

Net income attributable to NYSE Euronext – as adjusted	$	160		$	177		$	167		$	337		$	307

Diluted earnings per share attributable to NYSE Euronext – as adjusted	$	0.61		$	0.68		$	0.64		$	1.28		$	1.18

NYSE Euronext

Segment Results (unaudited)

(in millions)


		Three months ended June 30, 2011															Three months ended June 30, 2010
		Derivatives			Cash Trading and Listings			Information Services and Technology Solutions			Corporate and Eliminations			Consolidated			Derivatives			Cash Trading and Listings			Information Services and Technology Solutions			Corporate and Eliminations			Consolidated
Revenues
Transaction and clearing fees		$	251		$	491		$	—		$	—		$	742		$	282		$	645		$	—		$	—		$	927
Market data			12			48			32			—			92			12			49			32			—			93
Listing			—			112			—			—			112			—			105			—			—			105
Technology services			—			—			90			(1	)		89			—			—			75			—			75
Other revenues			13			44			—			—			57			11			36			—			—			47

Total revenues			276			695			122			(1	)		1,092			305			835			107			—			1,247
Transaction-based expenses:
Section 31 fees			—			89			—			—			89			—			99			—			—			99
Liquidity payments, routing and clearing			63			279			—			—			342			79			415			—			—			494

Total revenues, less transaction-based expenses			213			327			122			(1	)		661			226			321			107			—			654
Depreciation and amortization	[a]		14			46			10			—			70			13			45			8			—			66
Merger expenses and exit costs (M&E)	[b]		1			2			1			14			18			5			19			8			—			32
Other operating expenses			87			153			76			33			349			73			150			79			39			341

Operating income – GAAP	[c]	$	111		$	126		$	35		$	(48	)	$	224		$	135		$	107		$	12		$	(39	)	$	215

Operating income excluding M&E	[c] + [b]	$	112		$	128		$	36		$	(34	)	$	242		$	140		$	126		$	20		$	(39	)	$	247

Adjusted EBITDA	[c] + [a] + [b]	$	126		$	174		$	46		$	(34	)	$	312		$	153		$	171		$	28		$	(39	)	$	313

Operating margin excluding M&E			53	%		39	%		30	%		N/M			37	%		62	%		39	%		19	%		N/M			38	%
Adjusted EBITDA margin			59	%		53	%		38	%		N/M			47	%		68	%		53	%		26	%		N/M			48	%


		Six months ended June 30, 2011															Six months ended June 30, 2010
		Derivatives			Cash Trading and Listings			Information Services and Technology Solutions			Corporate and Eliminations			Consolidated			Derivatives			Cash Trading and Listings			Information Services and Technology Solutions			Corporate and Eliminations			Consolidated
Revenues
Transaction and clearing fees		$	537		$	1,020		$	—		$	—		$	1,557		$	560		$	1,129		$	—		$	—		$	1,689
Market data			24			98			66			—			188			24			97			63			—			184
Listing			—			221			—			—			221			—			210			—			—			210
Technology services			—			—			172			(1	)		171			—			—			154			—			154
Other revenues			22			82			—			(1	)		103			19			75			—			(1	)		93

Total revenues			583			1,421			238			(2	)		2,240			603			1,511			217			(1	)		2,330
Transaction-based expenses:
Section 31 fees			—			178			—			—			178			—			162			—			—			162
Liquidity payments, routing and clearing			134			588			—			—			722			153			716			—			—			869

Total revenues, less transaction-based expenses			449			655			238			(2	)		1,340			450			633			217			(1	)		1,299
Depreciation and amortization	[a]		29			92			19			—			140			28			88			16			—			132
Merger expenses and exit costs (M&E)	[b]		2			5			2			30			39			8			26			10			1			45
Other operating expenses			162			310			155			67			694			152			313			164			73			702

Operating income – GAAP	[c]	$	256		$	248		$	62		$	(99	)	$	467		$	262		$	206		$	27		$	(75	)	$	420

Operating income excluding M&E	[c] + [b]	$	258		$	253		$	64		$	(69	)	$	506		$	270		$	232		$	37		$	(74	)	$	465

Adjusted EBITDA	[c]+ [a] + [b]	$	287		$	345		$	83		$	(69	)	$	646		$	298		$	320		$	53		$	(74	)	$	597

Operating margin excluding M&E			57	%		39	%		27	%		N/M			38	%		60	%		37	%		17	%		N/M			36	%
Adjusted EBITDA margin			64	%		53	%		35	%		N/M			48	%		66	%		51	%		24	%		N/M			46	%

N/M = Not meaningful	We use non-GAAP financial measures of operating performance. Non-GAAP measures do not replace and are not superior to the presentation of our GAAP financial results but are provided to improve overall understanding of our current financial performance and our prospects for the future.

NYSE Euronext

Fixed operating expenses (unaudited)

(in millions)


Fixed operating expenses for the three months ended June 30, 2011 - GAAP	$	437
Less:
Merger expenses and exit costs		(18	)

	$	419
Excluding the impact of:
Currency translation		(17	)
Acquisitions and new business initiatives		(9	)	*

Fixed operating expenses for the three months ended June 30, 2011 – as adjusted	$	393		[a]


Fixed operating expenses for the three months ended June 30, 2010 – GAAP	$	439
Less:
Merger expenses and exit costs		(32	)

	$	407		[b]

Variance ($)	$	(14	)	[a] - [b] = [c]

Variance (%)		-3	%	[c] / [b]

Fixed operating expenses for the six months ended June 30, 2011 – GAAP	$	873
Less:
Merger expenses and exit costs		(39	)

	$	834
Excluding the impact of:
Currency translation		(19	)
Acquisitions and new business initiatives		(13	)	*

Fixed operating expenses for the six months ended June 30, 2011 – as adjusted	$	802		[a]


Fixed operating expenses for the six months ended June 30, 2010 – GAAP	$	879
Less:
Merger expenses and exit costs		(45	)

	$	834		[b]

Variance ($)	$	(32	)	[a] - [b] = [c]

Variance (%)		-4	%	[c] / [b]

*	Includes the contribution of APX, Corporate Board Member and new business initiatives.

NYSE Euronext

Condensed consolidated statements of financial condition (unaudited)

(in millions)


	June 30, 2011		December 31, 2010
Assets
Current assets:
Cash, cash equivalents and short term financial investments	$	385	$	379
Accounts receivable, net		532		526
Deferred income taxes		74		120
Other current assets		212		149

Total current assets		1,203		1,174
Property and equipment, net		998		1,021
Goodwill		4,232		4,050
Other intangible assets, net		6,139		5,837
Deferred income taxes		582		633
Other assets		662		663

Total assets	$	13,816	$	13,378

Liabilities and equity
Accounts payable and accrued expenses	$	821	$	910
Deferred revenue		346		176
Short term debt		—		366
Deferred income taxes		24		2

Total current liabilities		1,191		1,454
Long term debt		2,189		2,074
Deferred income taxes		2,033		2,007
Accrued employee benefits		453		499
Deferred revenue		387		366
Other liabilities		63		134

Total liabilities		6,316		6,534

Redeemable noncontrolling interest		272		—

Equity		7,228		6,844

Total liabilities and equity	$	13,816	$	13,378

NYSE Euronext

Selected Statistical Data:

Volume Summary


	Average Daily Volume															Total Volume															Total Volume
(Unaudited)	2Q11			1Q11			% D 2Q11 vs. 1Q11			2Q10			% D 2Q11 vs. 2Q10			2Q11			1Q11			% D 2Q11 vs. 1Q11			2Q10			% D 2Q11 vs. 2Q10			YTD 2011			YTD 2010			% D
Number of Trading Days - European Markets		63			64						63						63			64						63						127			126
Number of Trading Days - U.S. Markets		63			62						63						63			62						63						125			124

European Derivatives Products (contracts in thousands)		5,294			4,633			14.3	%		6,628			-20.1	%		333,522			296,529			12.5	%		417,597			-20.1	%		630,051			723,205			-12.9	%
of which Bclear		2,125			771			175.7	%		2,651			-19.8	%		133,874			49,335			171.4	%		167,029			-19.8	%		183,210			228,263			-19.7	%
Avg. Net Rate Per Contract (ex. Bclear)	$	0.741		$	0.692			7.1	%	$	0.643			15.2	%	$	0.741		$	0.692			7.1	%	$	0.643			15.2	%
Avg. Net Rate Per Contract (ex. Bclear) - Currency Neutral	$	0.741		$	0.705			5.1	%	$	0.703			5.4	%	$	0.741		$	0.705			5.1	%	$	0.703			5.4	%
Total Interest Rate Products¹		2,147			2,700			-20.5	%		2,668			-19.5	%		135,231			172,792			-21.7	%		168,095			-19.6	%		308,023			338,916			-9.1	%
Short Term Interest Rate Products		2,006			2,568			-21.9	%		2,546			-21.2	%		126,347			164,371			-23.1	%		160,423			-21.2	%		290,718			323,841			-10.2	%
Medium and Long Term Interest Rate Products		141			132			7.2	%		122			15.8	%		8,884			8,421			5.5	%		7,672			15.8	%		17,305			15,075			14.8	%
Total Equity Products²		3,063			1,845			66.0	%		3,905			-21.6	%		192,980			118,110			63.4	%		246,021			-21.6	%		311,090			377,535			-17.6	%
Individual Equity Products		2,535			1,266			100.3	%		3,197			-20.7	%		159,703			81,011			97.1	%		201,434			-20.7	%		240,714			293,777			-18.1	%
Futures		1,984			575			245.2	%		2,402			-17.4	%		124,971			36,777			239.8	%		151,304			-17.4	%		161,748			197,016			-17.9	%
Options		551			691			-20.2	%		796			-30.7	%		34,731			44,234			-21.5	%		50,130			-30.7	%		78,965			96,760			-18.4	%
Equity Index Products		528			580			-8.9	%		708			-25.4	%		33,277			37,100			-10.3	%		44,587			-25.4	%		70,376			83,758			-16.0	%
of which Bclear		2,125			771			175.7	%		2,651			-19.8	%		133,874			49,335			171.4	%		167,029			-19.8	%		183,210			228,263			-19.7	%
Individual Equity Products		2,053			690			197.6	%		2,551			-19.5	%		129,324			44,152			192.9	%		160,737			-19.5	%		173,476			214,371			-19.1	%
Futures		1,959			569			244.1	%		2,400			-18.4	%		123,429			36,437			238.7	%		151,223			-18.4	%		159,866			196,877			-18.8	%
Options		94			121			-22.4	%		151			-38.0	%		5,895			7,715			-23.6	%		9,514			-38.0	%		13,610			17,495			-22.2	%
Equity Index Products		72			81			-10.8	%		100			-27.7	%		4,551			5,183			-12.2	%		6,292			-27.7	%		9,734			13,892			-29.9	%
Commodity Products		84			88			-4.1	%		55			52.6	%		5,312			5,627			-5.6	%		3,481			52.6	%		10,938			6,754			62.0	%
U.S. Derivatives Products - Equity Options ³(contracts in thousands)
Options Contracts		4,052			4,410			-8.1	%		4,077			-0.6	%		255,306			273,432			-6.6	%		256,820			-0.6	%		528,738			483,310			9.4	%
Avg. Net Rate Per Contract	$	0.165		$	0.165			0.0	%	$	0.164			0.6	%	$	0.165		$	0.165			0.0	%	$	0.164			0.6	%
Total Consolidated Options Contracts		15,759			17,306			-8.9	%		15,722			0.2	%		992,810			1,072,961			-7.5	%		990,509			0.2	%		2,065,771			1,843,013			12.1	%
Share of Total Consolidated Options Contracts		25.7	%		25.5	%					25.9	%					25.7	%		25.5	%					25.9	%					25.6	%		26.2	%
NYSE Liffe U.S.
Futures and Futures Options Volume*		93.4			21.0			344.8	%		18.6			403.2	%		5,980.7			1,344.5			344.8	%		1,170.0			411.2	%		7,325.2			2,437.7			200.5	%
European Cash Products (trades in thousands)		1,540			1,803			-14.6	%		1,722			-10.6	%		96,999			115,377			-15.9	%		108,485			-10.6	%		212,376			194,709			9.1	%
Avg. Net Revenue Per Transaction	$	0.742		$	0.667			11.2	%	$	0.654			13.5	%	$	0.742		$	0.667			11.2	%	$	0.654			13.5	%
Avg. Net Revenue Per Transaction - Currency Neutral	$	0.742		$	0.702			5.7	%	$	0.742			0.0	%	$	0.742		$	0.702			5.7	%	$	0.742			0.0	%
Equities		1,482			1,732			-14.4	%		1,654			-10.4	%		93,350			110,841			-15.8	%		104,207			-10.4	%		204,191			186,904			9.2	%
Exchange-Traded Funds		16			21			-20.4	%		22			-25.6	%		1,032			1,316			-21.6	%		1,361			-24.2	%		2,348			2,373			-1.1	%
Structured Products		36			45			-18.8	%		40			-8.8	%		2,298			2,873			-20.0	%		2,532			-9.3	%		5,171			4,647			11.3	%
Bonds		5			5			-6.6	%		6			-15.5	%		319			347			-8.1	%		385			-17.0	%		667			785			-15.0	%
U.S. Cash Products (shares in millions)		2,075			2,309			-10.2	%		3,220			-35.6	%		130,722			143,183			-8.7	%		202,510			-35.4	%		273,905			357,865			-23.5	%
Avg. Net Fee Per 100 Shares Handled	$	0.0390		$	0.0370			5.4	%	$	0.0296			31.8	%	$	0.0390		$	0.0370			5.4	%	$	0.0296			31.8	%
NYSE Listed (Tape A) Issues⁴
Handled Volume⁵		1,461			1,668			-12.4	%		2,372			-38.4	%		92,068			103,397			-11.0	%		149,467			-38.4	%		195,465			260,716			-25.0	%
Matched Volume⁶		1,384			1,578			-12.2	%		2,225			-37.8	%		87,216			97,806			-10.8	%		140,160			-37.8	%		185,021			243,355			-24.0	%
Total NYSE Listed Consolidated Volume		3,935			4,568			-13.9	%		6,025			-34.7	%		247,909			283,211			-12.5	%		379,565			-34.7	%		531,121			676,383			-21.5	%
Share of Total Consolidated Volume
Handled Volume⁵		37.1	%		36.5	%		0.6	%		39.4	%		-2.3	%		37.1	%		36.5	%		0.6	%		39.4	%		-2.3	%		36.8	%		38.5	%		-1.7	%
Matched Volume⁶		35.2	%		34.5	%		0.7	%		36.9	%		-1.7	%		35.2	%		34.5	%		0.7	%		36.9	%		-1.7	%		34.8	%		36.0	%		-1.1	%
NYSE Arca & Amex (Tape B) Listed Issues
Handled Volume⁵		334			347			-3.6	%		483			-30.9	%		21,061			21,491			-2.0	%		30,460			-30.9	%		42,552			53,720			-20.8	%
Matched Volume⁶		301			311			-3.1	%		434			-30.6	%		18,976			19,270			-1.5	%		27,327			-30.6	%		38,246			47,906			-20.2	%
Total NYSE Arca & Amex Listed Consolidated Volume		1,287			1,351			-4.7	%		1,842			-30.1	%		81,111			83,751			-3.2	%		116,057			-30.1	%		164,862			205,709			-19.9	%
Share of Total NYSE Arca & NYSE Amex Listed Consolidated Volume
Handled Volume⁵		26.0	%		25.7	%		75.8	%		26.2	%		-0.2	%		26.0	%		25.7	%		0.3	%		26.2	%		-0.2	%		25.8	%		26.1	%		-0.3	%
Matched Volume⁶		23.4	%		23.0	%		65.8	%		23.5	%		-0.1	%		23.4	%		23.0	%		0.4	%		23.5	%		-0.1	%		23.2	%		23.3	%		-0.1	%
Nasdaq Listed Issues (Tape C)
Handled Volume⁵		279			295			-5.4	%		364			-23.3	%		17,593			18,295			-3.8	%		22,945			-23.3	%		35,888			43,428			-17.4	%
Matched Volume⁶		237			251			-5.7	%		307			-22.8	%		14,924			15,572			-4.2	%		19,337			-22.8	%		30,495			36,088			-15.5	%
Total Nasdaq Listed Consolidated Volume		1,996			2,051			-2.7	%		2,529			-21.1	%		125,745			127,166			-1.1	%		159,309			-21.1	%		252,911			301,991			-16.3	%
Share of Total Nasdaq Listed Consolidated Volume
Handled Volume⁵		14.0	%		14.4	%		-0.4	%		14.4	%		-0.4	%		14.0	%		14.4	%		-0.4	%		14.4	%		-0.4	%		14.2	%		14.4	%		-0.2	%
Matched Volume⁶		11.9	%		12.2	%		-0.3	%		12.1	%		-0.2	%		11.9	%		12.2	%		-0.3	%		12.1	%		-0.2	%		12.1	%		11.9	%		0.2	%
Exchange-Traded Funds^5,7
Handled Volume⁵		308			315			-2.5	%		465			-33.9	%		19,377			19,557			-0.9	%		29,317			-33.9	%		38,935			51,573			-24.5	%
Matched Volume⁶		276			283			-2.4	%		418			-34.0	%		17,406			17,543			-0.8	%		26,361			-34.0	%		34,948			46,135			-24.2	%
Total ETF Consolidated Volume		1,206			1,245			-3.2	%		1,826			-34.0	%		75,959			77,213			-1.6	%		115,020			-34.0	%		153,172			203,037			-24.6	%
Share of Total ETF Consolidated Volume
Handled Volume⁵		25.5	%		25.3	%		0.2	%		25.5	%		0.0	%		25.5	%		25.3	%		0.2	%		25.5	%		0.0	%		25.4	%		25.4	%		0.0	%
Matched Volume⁶		22.9	%		22.7	%		0.2	%		22.9	%		0.0	%		22.9	%		22.7	%		0.2	%		22.9	%		0.0	%		22.8	%		22.7	%		0.1	%

1	Data includes currency products.

2	Includes all trading activities for Bclear, NYSE Liffe’s clearing service for wholesale derivatives.

3	Includes trading in U.S. equity options contracts, not equity-index options.

4	Includes all volume executed in NYSE Group crossing sessions.

5	Represents the total number of shares of equity securities and ETFs internally matched on the NYSE Group’s exchanges or routed to and executed at an external market center. NYSE Arca routing includes odd-lots.

6	Represents the total number of shares of equity securities and ETFs executed on the NYSE Group’s exchanges.

7	Data included in previously identified categories.

*	Includes trading from Interest rate futures over NYSE Liffe U.S. for 9 trading days in 1Q11. ADVs calculated with the appropriate number of NYSE Liffe U.S. trading days.

Source: NYSE Euronext, Options Clearing Corporation and Consolidated Tape as reported for equity securities.

All trading activity is single-counted, except European cash trading which is double counted to include both buys and sells.

NYSE Euronext

Selected Statistical Data:

Other Operating Statistics


	Three Months Ended
(Unaudited)	June 30, 2011			March 31, 2011			June 30, 2010
NYSE Euronext Listed Issuers

NYSE Listed Issuers
Issuers listed on U.S. Markets¹		2,956			2,952			2,934
Number of new issuer listings¹		155			104			76
Capital raised in connection with new listings ($millions)²	$	11,709		$	12,446		$	3,575

Euronext Listed Issuers
Issuers listed on Euronext¹		964			974			1,013
Number of new issuer listings³		20			10			21
Capital raised in connection with new listings ($millions)²	$	72		$	29		$	81

NYSE Euronext Market Data

NYSE Market Data⁴
Share of Tape A revenues (%)		45.8	%		47.6	%		47.7	%
Share of Tape B revenues (%)		30.2	%		31.1	%		33.4	%
Share of Tape C revenues (%)		18.4	%		19.7	%		18.8	%
Professional subscribers (Tape A)		383,606			374,285			382,133

Euronext Market Data
Number of terminals		231,544			233,289			239,919

NYSE Euronext Operating Expenses

NYSE Euronext employee headcount
NYSE Euronext headcount		2,988			3,028			2,993

NYSE Euronext Financial Statistics

NYSE Euronext foreign exchange rate
Average €/US$ exchange rate	$	1.439		$	1.368		$	1.274
Average £/US$ exchange rate	$	1.631		$	1.602		$	1.492

Figures for NYSE listed issuers include listed operating companies, special-purpose acquisition companies and closed-end funds listed on the NYSE and NYSE Amex and do not include NYSE Arca or structured products listed on the NYSE. There were 1,291 ETFs and 2 operating companies exclusively listed on NYSE Arca as of June 30, 2011. There were 471 corporate structured products listed on the NYSE as of June 30, 2011.

Figures for new issuer listings include NYSE new listings (including new operating companies, special-purpose acquisition companies and closed- end funds listing on NYSE) and new ETP listings on NYSE Arca (NYSE Amex is excluded). Figures for Euronext present the operating companies were listed on Euronext and do not include NYSE Alternext, Free Market, closed-end funds, ETFs and structured product (warrants and certificates).

As of June 30, 2011, 169 companies were listed on NYSE Alternext, 269 on Free Market and 661 ETFs were listed on NextTrack.

Euronext figures show capital raised in millions of dollars by operating companies listed on Euronext, NYSE Alternext and Free Market and do not include closed-end funds, ETFs and structured products (warrants and certificates). NYSE figures show capital raised in millions of dollars by operating companies listed on NYSE and NYSE Arca and do not include closed-end funds, ETFs and structured products.

³	Euronext figures include operating companies listed on Euronext, NYSE Alternext and Free Market and do not include closed-end funds, ETFs and structured products (warrants and certificates).

⁴

“Tape A” represents NYSE listed securities, “Tape B” represents NYSE Arca and NYSE Amex listed securities, and “Tape C” represents Nasdaq listed securities. Per Regulation NMS, as of April 1, 2007, share of revenues is derived through a formula based on 25% share of trading, 25% share of value traded, and 50% share of quoting, as reported to the consolidated tape. Prior to April 1, 2007, share of revenues for Tape A and B was derived based on number of trades reported to the consolidated tape, and share of revenue for Tape C was derived based on an average of share of trades and share of volume reported to the consolidated tape. The consolidated tape refers to the collection and dissemination of market data that multiple markets make available on a consolidated basis. Share figures exclude transactions reported to the FINRA/NYSE Trade Reporting Facility.

Source: NYSE Euronext, Options Clearing Corporation and Consolidated Tape as reported for equity securities.

Attached files

NYSE Euronext Reports

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