NYSE Bonds Platform Now Available for Trading

NYSE Euronext (NYSE Euronext: NYX) today announced that NYSE Group, Inc.’s new bond trading platform, NYSE BondsSM began full operation. Based on NYSE Arca’s comprehensive matching technology, NYSE Bonds provides investors with transparent and highly efficient order executions for the corporate debt securities of all NYSE listed companies.

“This launch represents the NYSE Group’s diligent work in creating a truly unique system that fills a void in today’s bond market, and exemplifies the strong alliances we’ve cultivated with our vendors and member firms to expand the accessibility, liquidity and performance of the system,” said NYSE Euronext Vice President, Fixed Income, John Holman. “NYSE Bonds offers distinctive features that provide investors the ability to more readily obtain transparent pricing and trading information, enabling them to make better investing decisions with the member firms using our platform.”

Replacing the Automated Bond System (ABS), the Exchange’s previous bond trading platform retired on Friday, April 20, NYSE Bonds utilizes NYSE Arca’s open, accessible all-electronic design. Boasting drastically increased efficiency and more transparent trading in corporate debt issues for NYSE members entering orders for bonds trading on the Exchange, the system primarily serves retail trading in corporate bonds utilizing a strict price and time priority architecture.

Based on SEC exemptive relief obtained in November 2006 that permits NYSE members and member organizations to trade certain unlisted debt securities on the Exchange, NYSE Bonds will be expanded to trade the unlisted corporate debt issues of all NYSE-listed equity issuers and their wholly-owned subsidiaries, allowing NYSE customers to access nearly 6,000 additional bonds compared to approximately 1,000 today. Beginning in two weeks, NYSE Bonds will conduct a staged rollout, adding approximately 500 new issues weekly until the implementation is complete.

Please click here to learn more about trading corporate bonds on NYSE Bonds.

For more information on NYSE BondsSM including a complete directory of bonds, delayed prices, a detailed glossary of terms and a list of the most actively traded issues, please visit: http://www.nyse.com/bonds