New York, London Exchanges See Rebound in Listings After Crisis

Corporate listings are set to rebound as financial markets stabilize and companies seek funding, the heads of the New York and London exchanges said.

“You feel there’s a pretty big pipeline and a lot of pent- up demand,” NYSE Euronext Chief Executive Officer Duncan Niederauer said in an interview today. The supply of companies looking to list looks “very good” and will restart as financial markets stabilize, London Stock Exchange Group Plc CEOClara Furse said. Neither CEO gave details.

NYSE Euronext, the world’s largest owner of stock exchanges, and rivals including the LSE, Nasdaq OMX Group Inc., Deutsche Boerse AG are confronting lower share volume as the worst financial crisis since the Great Depression drives traders out of the market. Trading on the Lisbon, Paris, Brussels and Amsterdam stock markets slowed 15.9 percent in the first quarter from a year earlier.

Both Niederauer and Furse spoke in interviews in Shanghai, where they are attending the Lujiazui Forum. NYSE Euronext has the support of Chinese regulators to list in Shanghai though there is “no timetable yet,” Niederauer said.

NYSE Euronext was formed in 2007, bringing together bourses including the New York Stock Exchange, London International Financial Futures & Options Exchange and markets in Paris, Brussels and Amsterdam.