"We applaud the Obama Administration's proposal to overhaul the
financial regulatory structure as a critical step toward restoring trust
in capital markets. Regulatory reform must protect investors, close
regulatory gaps and enhance market transparency, while at the same time
continuing to encourage the spirit of innovation that has fueled decades
of economic growth, produced new products and services and created jobs.
Our regulatory system is vastly outdated, and we are encouraged by the
Administration's enthusiasm for reform and welcome the opportunity to
contribute to this truly important initiative."
-- Duncan L. Niederauer, Chief Executive Officer, NYSE Euronext
NYSE Euronext
Ray Pellecchia, 212-656-2001
rpellecchia@nyx.com
