NYSE Euronext (NYSE:NYX) Trading Volume Down

With expectations trading volumes on NYSE Euronext (NYSE:NYX) will drop significantly in December and for the quarter, Ticonderoga says they're maintaining their "Neutral" rating on the exchange.

Ticonderoga analyst says, "Our current 4Q10 EPS estimate stands at $0.41 compared with consensus of $0.45. Given quarter-to-date volume and FX trends, and our expectations for December (we are building in a 10-20% sequential decrease in volumes across NYX's businesses), we are comfortable with our current estimates. For 4Q10, we are building in total revenues of $970m and expenses of $441m. Our expense forecast represents a $22m sequential increase off of 3Q10 levels due to the impact of FX (-$7m), increased depreciation expenses (-$10m) due to a full quarter of the new data centers, and increased marketing expenses (-$5m in SG&A)."

NYSE Euronext was trading at $28.98, down by $0.07, or 0.24 percent.