1. By: Jesse Scott European Markets and Trading

2. Major European Markets London Stock Exchange Euronext Deutsche Boerse OMX Nordic Exchange Borsa Italiana SIX Swiss Exchange BME Spanish Exchange

3. London Stock Exchange Market Capitalization: 2.79 T (USD) Number of Companies Listed: 2,792 Domestic: 2,179 Foreign: 613 Ran by London Stock Exchange Group Founded in 1801 2007 Merge with Borsa Italiana; purposed merger with Toronto Exchange

4. London Stock Exchange Key Indexes: FTSE 100 Hours of Operation: 8am – 4:30pm Operates EDX London, Derivatives Market Energy and Natural Resources

5. Euronext Market Capitalization: 2.87 T (USD) Number of Companies Listed: 1,160 Domestic : 990 Foreign: 170 Ran by: NYSE Group Operates Primarily in France, Belgium, Netherlands, and Portugal

6. Euronext Key Indexes: Euronext 100 Hours of Operation: 9am – 5:30pm Euronext Liffe Derivatives Market Second Largest in Europe

7. Deutsche Boerse Market Capitalization: 1.29 T (USD) Number of Companies Listed: 783 Domestic: 704 Foreign: 79 Ran by: Deutsche Boerse Group Largest German Stock Exchange - Frankfurt

8. Deutsche Boerse Key Indexes: DAX Hours of Operation: 9am – 5:30pm Eurex Derivatives Market Joint Operations with SIX Swiss Largest European Derivatives Market

9. OMX Nordic Exchange Market Capitalization: 817 B (USD) Number of Companies Listed: 797 Domestic: 773 Foreign: 24 Ran by: Nasdaq Group Includes Markets in: Finland, Sweden, Norway, Denmark, Iceland

10. OMX Nordic Exchange Key Indexes: Nordic 40 Derivatives Market: Nordic Derivatives Market Hours of Operation: 9am – 4:30pm

11. Borsa Italiana Market Capitalization: 655 B (USD) Number of Companies Listed: 296 Domestic: 291 Foreign: 5 Ran by: London Stock Exchange Group Based in Milan

12. Borsa Italiana Key Indexes: FTSE/MIB Runs Italy’s Derivatives and Fixed Income Markets Hours of Operation: 9am – 5:30pm

13. Swiss Exchange Market Capitalization: 1.05 T (USD) Number of Companies Listed: 339 Domestic: 275 Foreign: 64 Ran by: SIX Group Based in Zurich

14. Swiss Exchange Key Indexes: Swiss Market Index (SMI) Derivatives:Eurex Joint Operations with Deutsche Boerse Hours of Operation: 9am – 4:30pm

15. BME Spanish Exchange Market Capitalization: Number of Companies Listed: 3,472 Domestic : 3,435 Foreign: 37 Ran by: BME Group Operates several markets Madrid, Barcelona, Biboa, and Valencia Stock Exchanges

16. BME Spanish Exchange Key Indexes: Ibex 35 Derivatives:MEFF Focus in Energy and Financial Derivatives Hours of Operation: 9am – 4:30pm

17. Current Events Deutsche Boerse proposes merger with NYSE Euronext Deutsche Boerse will purchase $9.68B worth of stock giving the company a 60% share Proposed merger said to create $405M in synergies Will become worlds largest exchange group Possible regulatory issues Eurex and Liffe would combine to have 90% European market share in derivatives

18. Current Events Counter-offer by Nasdaq OMX and ICE to by NYSE Euronext $11.3B offer, 16% higher than Deutsche Boerse Will create $740M in synergies Nasdaq OMX acquires NYSE Euronext listings, equities, and options. ICE acquires NYSE Liffe derivatives markets, becomes 4 th largest company in terms of global trading volume

19. Other M&A’s in the Equity Markets 2007- NYSE purchases Euronext for $10.2B London Stock Exchange to purchase TMX (Toronto) for $3.2B BM&FBovespa (Brazil, 4 th largest financial exchange operator) looking to make a move Hong Kong Exchange Australia ASX and Singapore Exchange $7.9 B deal maybe?

20. Why the Consolidation? Battle On-line Rivals Losing Market Share to Electronic Trading Increase Product Offerings Cost Savings Escape Mature Business for Growth Opportunities

21. Questions