NYSE Euronext has sold a significant minority ownership stake in its US futures exchange, NYSE Liffe US, to six firms: Citadel Securities, DRW Ventures, Getco, Goldman Sachs, Morgan Stanley, and UBS.
NYSE Euronext will continue to be the largest shareholder in NYSE Liffe US, managing the exchange’s daily operations.
NYSE Liffe US will continue to operate under the supervision of a separate board of directors, chaired by James J. McNulty, former chief executive of the Chicago Mercantile Exchange.
"With the completion of this transaction, NYSE Liffe US is well positioned to deliver innovation, competition and value to the US derivatives marketplace," says Duncan L. Niederauer, chief executive officer, NYSE Euronext. "We are committed to building a diverse, customer-driven US futures exchange, and are confident that partnering with our clients is the right strategy for success."
"Citadel Securities is committed to innovation as a means to promote open, fair and transparent markets. NYSE Euronext shares these principles and we welcome the opportunity to become a founding partner in this innovative new exchange," adds Patrik Edsparr (pictured), global chief executive of Citadel Securities.
