--GAAP diluted EPS of $0.40; pro forma diluted EPS of $0.43--
--Pro forma fixed operating expenses decrease 11% to $422 million from the fourth quarter of 2008--
--Acceleration of cost rationalization efforts will drive incremental savings of $100 million in 2009--
Conference Call, Thursday April 30, 2009 at 8:00 a.m. (New York, EDT)/2:00p.m. (Paris, CET)

NEW YORK – April 30, 2009 – NYSE Euronext (NYX) today reported net income of $104 million, or $0.40 per diluted share, for the first quarter of 2009, compared to net income of $230 million, or $0.87 per diluted share for the first quarter of 2008. Included in these GAAP results are $23 million of pre-tax merger expenses and exit costs for the first quarter of 2009, and $17 million for the first quarter of 2008.

Pro forma non-GAAP net income for the first quarter of 2009 was $112 million, or $0.43 per diluted share, compared to net income of $240 million, or $0.90 per diluted share, for the first quarter of 2008. Pro forma non-GAAP results exclude activity assessment and Section 31 fees, merger expenses and exit costs, as well as favorable discrete tax credits. A full reconciliation of these non-GAAP results is included in the attached tables.

“Since we reported record results in the first quarter of 2008, the financial services landscape has undergone a significant transformation,” said Duncan L. Niederauer, CEO, NYSE Euronext. “Despite adverse market conditions, we have stayed focused on executing our two pronged strategy, to broaden and diversify our streams of revenue, and at the same time, reduce our costs and make us more efficient, streamlined and agile. With each new quarter, we continue to make steady progress on both fronts, and I am confident that as market conditions stabilize we will be well positioned for growth.”

The table below summarizes our first quarter pro forma non-GAAP results.
($ in millions) 1Q09 4Q08 1Q08
Gross Revenues $1,112 $1,177 $1,110
Net Revenues $604 $683 $767
Fixed Operating Expenses ($422) ($473) ($415)
Operating Income $182 $210 $354
Net Income $112 $137 $240
Diluted Earnings Per Share $0.43 $0.52 $0.90

Financial highlights on a pro forma non-GAAP basis include:
• Gross revenues, excluding activity assessment fees, were $1,112 million in the first quarter of 2009 in line with $1,110 million reported in the first quarter of 2008. First quarter 2009 gross revenues were impacted by lower European cash and derivatives volumes, currency headwinds and structural changes to the U.S. cash pricing model which increased gross revenues.

• Net revenues, defined as gross revenues less direct transaction costs comprised of Section 31 fees, liquidity payments, and routing and clearing fees, were $604 million for the first quarter of 2009, compared to $767 million in the first quarter of 2008. Net revenues were negatively impacted by net price reductions in both the U.S. and European cash markets, coupled with volume declines in the European cash and derivatives markets. In addition, foreign currency fluctuations on net revenues had a negative impact of ($64) million for the three months ended March 31, 2009.

• Fixed operating expenses, defined as operating expenses less merger expenses and exit costs, direct transaction costs, and excluding regulatory fine income, were $422 million, an increase of 2%, compared to the first quarter of 2008, but an 11%, or $51 million decrease compared to the fourth quarter of 2008. Excluding the impact of currency translation, acquisitions and dispositions of businesses, and selected strategic initiatives, fixed operating expenses in the first quarter of 2009 decreased $41 million, or 10%, compared to the first quarter of 2008.

• Operating income was $182 million, compared to $354 million in the first quarter of 2008 and includes a negative impact of ($29) million for currency fluctuations.

• Diluted earnings per share in the first quarter of 2009 declined by $0.47, or 52%, compared with the prior year period. The decline includes a ($0.07) per share negative impact for currency fluctuations.

“In the first quarter, we accelerated our cost efficiency initiatives, which resulted in a $51 million decline in fixed costs compared to the fourth quarter of 2008,” said Michael S. Geltzeiler, Group Executive Vice President and Chief Financial Officer, NYSE Euronext. “Furthermore we achieved our $120 million first quarter target for run-rate technology savings, we already achieved the $120 million in cost savings related to our acquisition of Amex, and we have significantly increased the pace of our restructuring plans in the U.S. and Europe. Based on our first quarter results and an accelerated company-wide focus on expense rationalization efforts, we are increasing our cost savings guidance by an incremental $100 million to be realized in 2009.”

Other Financial Highlights
• At March 31, 2009, NYSE Euronext had cash, cash equivalents, investment and other securities of $0.7 billion and gross debt of $2.5 billion, a decrease of $0.4 billion from $2.9 billion at December 31, 2008.

• The previously announced strategic partnership between the State of Qatar and NYSE Euronext to build a new integrated cash and derivatives exchange in Doha is in the process of being restructured. NYSE Euronext, as part of the restructured agreement, will now purchase a 20% stake in the Qatar Securities Market (QSM) for $200 million, with installment payments of $40 million over a period of four years from closing. The restructured agreement is now expected to close in the next few months.

• NYSE Euronext completed a partial refinancing of the 364-day back-up facility, which expired on April 1, 2009. The new $500 million 364-day back-up facility will be in place through March 31, 2010. We now have $2.7 billion in committed bank facilities.

• NYSE Euronext completed a €250 million increase of the €750 million 5.375% notes due June 2015 on April 22, 2009. The new €250 million increase has an effective cost of 6.06% and the proceeds from the new note will be used primarily to pay-down the ₤250 million notes due in June 2009.

• NYSE Euronext will make a $0.30 quarterly dividend per share payment on June 30, 2009 to shareholders of record as of June 15, 2009.