NYSE Euronext eyes derivatives
THE chief executive of NYSE Euronext yesterday said he is focusing his attention on the exchange operator’s derivatives business in a sign the company sees it as the key driver of revenue growth in coming years.
Duncan Niederauer has long said the company’s success hinged on derivatives trading and clearing in Europe and the US, and said he would now directly oversee that operation.
At a presentation for investors, NYSE Euronext said it expects fixed costs to drop in 2011. “We go into 2010 a heck of a lot more confident than we went into 2008 or 2009,” said Niederauer.