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WFE Focus April 2011
Corporate news

MICEX shareholders elect new Board

On 16 September 2011, the extraordinary general meeting of the MICEX shareholders elected a new Board. Sergei Shvetsov, Deputy Chairman of the Bank of Russia, was elected Chairman of the Board of MICEX. Sergey Lykov was elected Vice Chairman of the Board. The new Board was elected for a term until the next annual general meeting of shareholders, scheduled for spring 2012.

NASDAQ OMX initiates debt refinancing actions

The NASDAQ OMX Group has commenced a cash tender offer for any and all of the approximately USD 428 m aggregate principal amount outstanding of its 2.50% Convertible Senior Notes due 2013. Additionally, NASDAQ OMX announced its entry into a USD 1.2 billion five-year credit facility, which refinances its existing credit facilities due 2013. NASDAQ OMX expects to fund purchases of Convertible Notes tendered in the offer with cash flow from operations and availability under the revolver in its new credit facility. NASDAQ OMX will not incur additional debt as a result of this transaction.

NYSE Euronext acquires minority stake in the Receivables Exchange and launches joint initiative

NYSE Euronext and The Receivables Exchange (TRE), the leading online marketplace for US receivables sales, launched a joint strategic initiative to market TRE’s Corporate Receivables Program to potential sellers, including New York Stock Exchange listed companies. In addition, under terms of the arrangement, the NYSE has acquired a minority ownership position in TRE. Through an innovative auction model, TRE provides an efficient and transparent way for corporations to monetize receivables.

NYSE Euronext Amsterdam opens new trading floor

On 3 October 2011, NYSE Euronext Amsterdam inaugurated its new trading floor. As of launch date, it accommodates 34 trading-related parties in total, including many traders and the employees of NYSE Euronext Amsterdam.

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