UPDATE 1-NYSE Euronext sells a sixth stake in Liffe U.S.

BOCA RATON, Fla., March 10 (BestGrowthStock) – NYSE Euronext
(NYX.N: ) sold a minority stake in its U.S. futures exchange to a
unit of DRW Trading Group, a large proprietary trading firm,
bringing to six the number of outside owners in the venture
that aims to take on CME Group Inc (CME.O: ).

The trans-Atlantic exchange operator said on Wednesday that
it will remain the largest shareholder in the venture, called
NYSE Liffe U.S., which will have its own board, led by James
McNulty, former CEO of the Chicago Mercantile Exchange.

Terms of the deal with the DRW unit were not revealed.

The other five stakeholders, announced previously, are
Citadel Securities, Goldman Sachs Group Inc (GS.N: ), Morgan
Stanley (MS.N: ), UBS AG (UBSN.VX: ) and GETCO, the electronic
market maker.

DRW and GETCO, both based in Chicago, are heavyweights in
the world of high-frequency trading, where firms use
lightning-fast algorithms to earn thin profits on tiny market
imbalances.

NYSE Euronext, which runs the New York Stock Exchange,
needs such firms to feed orders to NYSE Liffe U.S., which aims
to challenge derivatives exchange giant CME Group in the
trading of U.S. Treasury futures and other products.

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(Reporting by Jonathan Spicer, additional reporting by Steve
Eder in New York; editing by John Wallace)

UPDATE 1-NYSE Euronext sells a sixth stake in Liffe U.S.