Can I Buy Stock in the New York Stock Exchange?
The New York Stock Exchange is the largest stock exchange in the world, measured by the value of stocks trading on the exchange. According to data from the World Federation of Exchanges, the value of NYSE-traded stocks was over $14 trillion in January 2011. Shares for the exchange itself also trade on the NYSE.
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NYSE Euronext
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NYSE Euronext owns the New York Stock Exchange. Besides the NYSE, the company owns futures exchanges and provides technology services related to market exchanges. Euronext N.V. and the NYSE Group merged in 2007 to form the current company. NYSE Euronext owns several stock markets in Europe and the AMEX in the United States. The company is a U.S. listed stock and trades under the symbol NYX on the New York Stock Exchange. The stock also lists on the Euronext Paris stock exchange under the same symbol.
Financials
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As of early March 2011, NYSE Euronext had a total market capitalization of $9.4 billion. In 2010, the company produced net profits of $548 million on revenues of $4.425 billion; earnings per share for 2010 were $2.09. In 2010, a quarterly dividend was paid at a rate of $0.30 per share, or $1.20 annually. Based on the March 2011 share price, the dividend yield was 3.30 percent.
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Business Breakdown
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According to the NYSE Euronext annual report, the New York Stock Exchange and the other stock exchanges owned by the company handled 25 percent of total world wide stock trading. In 2010, fees from equities -- stocks -- trading accounted for 44 percent of the company operating income. Fees from derivative trading produced 46.5 percent of operating income. The balance of 9.5 percent of operating income came from the sales of information services and technical solutions.
Merger Candidate
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In February 2011, the German stock exchange, Deutsche Boerse AG made an unsolicited offer to buy NYSE Euronext. The financial news outlets speculated other stock exchanges, such as the Nasdaq, may make counter offers to purchase NYSE Euronext. Any purchase or merger of the NYSE into another company would have to be approved by the U.S. Securities and Exchange Commission. If Duetsche Boerse AG is able to complete the purchase of the NYSE, the stock of the exchange may no longer trade on the NYSE.
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