The NYSE Euronext, fairly or not, has been tagged as an industry "dinosaur" for as long as I can remember. This is despite the fact that it has been an active adopter of new technologies. As the credit crunch rolls on, some see a welcome, bright silver lining for the historic exchange, even though its stock prices have continued to lag after hitting a 52-week high of $92.73 in December 2007.

According to Institutional Investor, the surge in volume may have bumped up fee revenue--it grosses 8 cents per trade, pre-rebate--and highlighted the value of a listing. Interestingly, it seems to have reversed a persistent decline in the share of trades of NYSE-listed stocks. But a lasting bear market may be setting in; volume could tank. Still, CEO Duncan Niederauer seems like the right man at the right moment for the exchange.

For more:
- here's the Institutional Investor article

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