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Thursday, September 15, 2011

D.Boerse, NYSE see extra $1B in customer savings, (NYSE: NYX)

Deutsche Boerse AG (DB1Gn.DE) and NYSE Euronext (NYX.N) said they now expect up to an additional $1 billion in broad savings for customers if they are able to seal their $9 billion merger and create the world's largest exchange operator. The pair expect "collateral efficiencies" of up to $4 billion, Deutsche Boerse spokesman Ruediger Assion said in an email. That is up from the approximately $3 billion that was touted as recently as an Aug. 2 NYSE Euronext presentation.

NYSE Euronext is a global operator of financial markets and provider of trading technologies. Shares of NYX traded higher by 0.72% or $0.2/share to $27.86. In the past year, the shares have traded as low as $24.40 and as high as $41.60. On average, 4045920 shares of NYX exchange hands on a given day and today's volume is recorded at 2860646.