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   &lt;div align="left" style="font-size: 10pt; margin-top: 12pt"&gt;&lt;b&gt;Note 11&amp;#8212;Income taxes&lt;/b&gt;
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   &lt;div align="left" style="font-size: 10pt; margin-top: 6pt"&gt;For the three and six months ended June&amp;#160;30, 2010 and 2009, NYSE Euronext&amp;#8217;s effective tax rate was
   lower than the U.S. statutory rate primarily due to higher earnings generated from foreign
   operations, where the applicable foreign jurisdiction tax rate is lower than the U.S. statutory,
   and the reorganization of certain of our European businesses. The applicable tax rate was 27.5% for
   both the three and
   six months ended June&amp;#160;30, 2010. The applicable tax rate was 29% and 35% for the three and six
   months ended June&amp;#160;30, 2009, respectively.
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 -Publisher SEC
 -Name Regulation S-X (SX)
 -Number 210
 -Section 08
 -Paragraph h
 -Article 4

Reference 2: http://www.xbrl.org/2003/role/presentationRef
 -Publisher FASB
 -Name Statement of Financial Accounting Standard (FAS)
 -Number 109
 -Paragraph 136, 172

Reference 3: http://www.xbrl.org/2003/role/presentationRef
 -Publisher FASB
 -Name Statement of Financial Accounting Standard (FAS)
 -Number 109
 -Paragraph 43, 44, 45, 46, 47, 48, 49

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