Representing a detailed examination of equity transaction costs on 60 different exchanges around the world, Elkins/McSherry, a State Street company providing independent transaction cost analysis, has the industry’s largest collection of global trading data, providing an objective view of institutional trade executions.
The latest Elkins/McSherry study finds that overall trading costs on the NYSE, a subsidiary of NYSE Euronext (NYSE Euronext: NYX), further improved from fourth-quarter 2006, when the NYSE also ranked no. 1. In first-quarter 2007, all-in trading costs on the NYSE dropped to 15.06 basis points, from 16.32 basis points in fourth-quarter 2006. The NYSE also topped the rankings in all four quarters of 2006.
“The NYSE’s status as the world’s the lowest-cost provider of transaction services is a clear advantage for our customers, particularly our listed companies, investors and order flow providers,” said NYSE Euronext CEO John A. Thain. “This data illustrates that all-in trading costs on the NYSE continue to decline further as we work to strengthen our market and technology infrastructure.”
“With the investment community focused as ever on transaction costs, Elkins/McSherry is committed to provide detailed data reports that give institutional investors clear, transparent insight into the total transaction costs on all of the world’s major exchanges,” said James Bryson, Elkins/McSherry Senior Managing Director. “These data enable institutional investors to make meaningful comparisons of all-in trading costs across the global exchange landscape.”
Elkins McSherry updates its study of the all-in costs of trading – commission, and fees and market impact -- every quarter.
About NYSE Euronext
NYSE Euronext, a holding company created by the combination of NYSE Group, Inc. and Euronext N.V., commenced trading on
Cautionary Note Regarding Forward-Looking Statements
This press release may contain forward-looking statements, including forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements include, but are not limited to, statements concerning NYSE Euronext’s plans, objectives, expectations and intentions and other statements that are not historical or current facts. Forward-looking statements are based on NYSE Euronext’s current expectations and involve risks and uncertainties that could cause actual results to differ materially from those expressed or implied in such forward-looking statements. Factors that could cause NYSE Euronext’s results to differ materially from current expectations include, but are not limited to: NYSE Euronext’s ability to implement its strategic initiatives, economic, political and market conditions and fluctuations, government and industry regulation, interest rate risk and U.S. and global competition, and other factors detailed in NYSE Euronext Registration Statement (document de base) filed with the French Autorité des Marchés Financiers (Registered on November 30, 2006 under No. 06-0184), 2006 Annual Report on Form 10-K, as amended, and other periodic reports filed with the U.S. Securities and Exchange Commission or the French Autorité des Marchés Financiers. In addition, these statements are based on a number of assumptions that are subject to change. Accordingly, actual results may be materially higher or lower than those projected. The inclusion of such projections herein should not be regarded as a representation by NYSE Euronext that the projections will prove to be correct. This press release speaks only as of this date. NYSE Euronext disclaims any duty to update the information herein.