NYSE Euronext

NYSE Euro Next is a transatlantic exchange operator, which in 2007 through the merger of European international exchange Euro Next ( Next euros N. V. ) with the New York Stock Exchange ( NYSE Group, Inc.) was created. NYSE Euro Next operates the stock exchanges of Amsterdam, Brussels, Lisbon and Paris, the futures market in London, the New York Stock Exchange and the NYSE Amex (formerly the American Stock Exchange) in New York and NYSE Arca in Chicago and San Francisco. NYSE Euro Next is a wholly owned subsidiary of Intercontinental Exchange.

• 2.1 exchanges and stock indices
• 2.2 Alternext

History

Establishing the Euro Next

The Euro Next was founded on 22 September 2000 as a holding company incorporated under Netherlands law by the merger of the stock exchanges of Amsterdam, Brussels and Paris. Beginning of 2002 expanded the Euro Next through the merger with the Portuguese stock market " Bolsa de Valores de Lisboa e Porto " ( BVLP ) and the takeover of the London Futures Exchange " London International Financial Futures and Options Exchange " ( LIFFE ). Then the Euro Next was the largest cross-border exchange in Europe. The stock index Next Euro 100 includes the 100 largest values ​​of these exchanges.

Merger with the NYSE for NYSE Euro Next

In February 2006, the German Stock Exchange proposed a "merger of partners " with the Four countries euro exchange Next without providing the offer with details. After the Supervisory Board of Euro Next for a merger with the New York Stock Exchange ( NYSE) had made, because the offer was more attractive than that of Deutsche Börse, the German stock market put in May 2006 for the first time in front of a concrete offer for € Next, that of the NYSE exceeded. They offered 76.60 euros per share, or approximately € Next 8.6 billion euros in cash and shares in the new company. € Next, however, the offer rejected.

On 2 June 2006, Euro Next and the NYSE agreed to a merger. Euro Next shareholders received after approval by the shareholders of the two stock exchanges and regulators for each € 0.98 shares of NYSE Next share plus 21.32 euros in cash. The merger was finally adopted on 19 December 2006 at an extraordinary general meeting of the Euro Next. Through the merger on April 4, 2007, the first transatlantic stock market operator originated in history. The new company has a market capitalization of around 30 billion U.S. dollars. The stock index Next 150 comprises the 150 largest values ​​of these exchanges.

Acquisition of the American Stock Exchange

On 17 January 2008, the NYSE Euro Next announced the acquisition of the American Stock Exchange ( AMEX). The shareholders received shares in the following months worth of 260 million dollars ( 178 million euros ). Founded in 1911 AMEX, based in New York specializing in the trading of options and exchange traded funds. The AMEX was tested in 2007 a ​​cooperation or a merger with different exchanges. As a potential partner or buyer, the German stock exchange in conversation had been. On 1 October 2008, the purchase was completed and the AMEX was renamed NYSE Alternext U.S.. Five months later, on 6 March 2009, the stock market got the name NYSE Amex.

Failed merger with Deutsche Börse

On 9 February 2011, the German Stock Exchange and the NYSE Euro Next announced that it would be in "advanced merger negotiations ". The shares of both companies were suspended from trading. With the merger, the shareholders of the German Börse AG should get a share of over 50 percent in the combined company, as the market capitalization of Deutsche Börse with 11.4 billion euros that of the NYSE Euro Next with 6.7 billion euros significantly exceeded.

In the course of 2011, however, were growing concerns about the merger, as this may impede competition. The EU Commission approval of the merger could be dependent on whether the NYSE Liffe derivatives exchange their or the German stock exchange either sold their counterpart Eurex. The merger would significantly lose in such a case, according to statement by Reto Francioni, CEO of Deutsche Börse, attractive.

On 1 February 2012, the European Commission refused their consent to the merger with Deutsche Börse. Despite concessions from both companies had not been reached to the conclusion that the merger to a considerable extent an obstacle to competition. Thus, the angedachte merger had failed.

Acquisition by the Intercontinental Exchange

On 20 December 2012, the Intercontinental Exchange announced the acquisition of NYSE Euro Next for 8.2 billion U.S. dollars. This corresponds to a price of 33.12 U.S. dollars per share. Paid the commodity exchange has completed the acquisition of a combination of cash and existing credit. The acquisition was completed on 13 November 2013.

Elimination of the Euro Next

In mid-November 2013, the elimination of the Euro Next with the stock exchanges in Paris, Amsterdam, Brussels and Lisbon was announced for early 2014. This would make the 2007 merger of the NYSE was with the Euro Next undo. In addition to an initial public offering of € Next, a sale to another exchange operator is being considered. The NYSE remains the sole property of the Intercontinental Exchange. However, since a sale of € Next is subject to the condition that at least 25 percent of the shares remain for at least three years at the old owners, but alternatively is also the sale of the stake to an investor possible, since January 2014 examines the Intercontinental Exchange for a buyer for this percentage to not hold himself to. The remaining shares would bring even 2014, the Stock Exchange, the Intercontinental Exchange. EUR Next is rated at 1.5 to 1.8 billion euros.

Trading places

Stock exchanges and stock indices

The table shows the trading centers and their main stock indices.

Alternext

Similar to the German Entry Standard Alternext is a special, in May 2005, created by the Euro Euronext Paris, the market segment of € Next. For the purposes of the German Investment Services Directive, the Alternext is not a regulated market.