New York, NY April 5, 2012 - NYSE Euronext (NYX) commends President Obama for signing the Jobs Act into law today and applauds our policymakers in Washington on their bipartisan efforts on this very significant bill. This legislation will facilitate capital formation and help innovative, emerging companies access the capital they need to grow and create jobs.
"I was pleased to join President Obama at the White House today as he signed this important measure into law," said Duncan L. Niederauer, Chief Executive Officer, NYSE Euronext. "We believe exchanges have a responsibility to help small companies grow by providing entrepreneurs with a source of capital. Good public policy, such as the Jobs Act, ensures that entrepreneurs and small businesses have access to the capital they need to expand and thrive."
NYSE Euronext also applauds the efforts of the IPO Task Force and the National Venture Capital Association (NVCA) and their leadership on these critical issues and congratulates them on this exciting milestone. The company was proud to serve as a resource for these organizations in moving this legislation forward.
"We are honored that the President has signed into law a set of changes to improve access to capital for America's emerging growth companies," said Kate Mitchell, chair of the IPO Task Force and Managing Director with Scale Venture Partners. "We are grateful for the tireless efforts of NYSE Euronext who understood early on that making the IPO process more attainable to emerging growth companies can have a profound impact on the US economy. The Jobs Act does precisely that and I am proud to have worked with them to see this legislation become law."
An op-ed from NYSE Euronext on this topic was recently published in Fortune Magazine. To read the full op-ed, please click here.
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.