NYSE Euronext (NYSE:NYX), which competes with
(NASDAQ:NDAQ) and Chicago Mercantile Exchange (
), is the world's leading stock exchange in cash trading both in
terms of volume and value. Recently, NYSE Euronext and Deutsche
Boerse AG of Germany announced a merger that will create the
world's largest financial exchange. Nasdaq teamed up with
Intercontinental Exchange to counter-bid for NYSE
Euronext but NYSE quickly rejected the bid.
The Two Most Important Business Divisions for NYSE
1) Cash Trading & Listings - 49% of the company's stock
Cash trading and listings represent the most valuable division
for NYSE Euronext. The NYSE's main business is executing trades
across its exchanges that include the New York Stock Exchange,
Euronext, NYSE Amex, NYSE Arca, NYSE Alternext and NYSE Arca
Europe. The NYSE has been the most active exchange in
the U.S. with the most number of companies listed.
See the top forecasts for the cash trading &
2) Derivatives Trading - 42% of the company's stock
Derivatives trading is the second most important division for
NYSE Euronext. It is comprised of NYSE Euronext's derivatives
trading and clearing businesses and includes NYSE Liffe, NYSE Liffe
Clearing, NYSE Liffe US, NYSE Amex Options, NYSE Arca Options, New
York Portfolio Clearing and related derivatives market data.
Revenue from derivatives trading and clearing consists of fixed
per-contract fees for executing trades of derivatives contracts and
See the top forecasts for the derivatives
Our price estimate for NYSE Euronext stands at $35.51, implying
a discount to market price.
See our full analysis of NYSE Euronext here