New York, 16 May 2012 -- NYSE Euronext (NYX) has joined the Discover America Partnership, an intensive advocacy and grassroots campaign to grow U.S. exports and jobs through visa and entry reforms that will enable the United States to regain the 17 percent market share of overseas travelers it had in 2000 by 2015.
"By making it unnecessarily difficult - or in many cases financially impossible - for millions of people to visit the U.S., we are needlessly damaging our economy, deepening our trade deficit and slowing one of the most powerful engines of U.S. exports: travel," said Roger Dow, president and CEO of the U.S. Travel Association and chair of the Discover America Partnership. "We welcome NYSE Euronext to the Discover America Partnership and look forward to working with them as we bring attention to the issue of U.S. exports."
"We are delighted to join the Discover America Partnership and support its efforts toward improving travel to the U.S.," said Scott Cutler, Executive Vice President and Co-Head of U.S. Listings and Cash Execution at NYSE Euronext. "The travel industry generates an estimated $1.9 trillion in U.S. economic output and helps drive performance at nearly 350 companies listed on NYSE Euronext exchanges. Ensuring thoughtful and prudent travel policies is vital to the success of global competitiveness, economic well being and job creation."
The Partnership's campaign initiatives include:
U.S. Travel reactivated the Discover America Partnership in May 2011 to unite a diverse group of stakeholders behind a focused and intensive campaign to advance recommendations in U.S. Travel's "Ready for Takeoff" report on the U.S. visa system.
NYSE Euronext: Rich Adamonis, 212-656-2140, Radamonis@nyx.com
U.S. Travel Association: Robert P. Bobo, 202-408-2136, rbobo@USTravel.org
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 MKT, 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. For more information, please visit: www.nyx.com.