Finextra: NYSE Euronext completes migration to Universal Trading Platform

The company claims that the European transfer to the Universal Trading Platform represents a key milestone in the new electronic trading platform’s roll-out across NYSE Euronext cash and derivatives markets in Europe and the United States.

It began the migration in December, and it is a key part of the cost savings that the group hopes to achieve after the merger of NYSE and Euronext in 2007. Last week the exchange group reported a loss of $738 million for the full year 2008, but this included a a pre-tax $1,590 million non-cash charge, primarily for the impairment of certain goodwill and indefinite-lived intangible assets related to the merger of NYSE Group and Euronext.

Finextra: NYSE Euronext completes migration to Universal Trading Platform