Euronext
Euronext is the largest stock exchange in the Eurozone, serving as a primary market for trading shares, bonds, derivatives, and commodities. It operates in several European countries including Belgium, France, Ireland, Italy, The Netherlands, Norway, and Portugal. Here's a detailed overview:
History
- Foundation: Euronext was established in 2000 through the merger of the stock exchanges of Paris, Amsterdam, and Brussels. The initial launch was a significant step towards creating a pan-European stock exchange.
- Expansion: Over the years, Euronext expanded by acquiring or merging with other exchanges:
Operations
- Market Segments: Euronext operates multiple market segments tailored to different company sizes and trading needs:
- Trading Platforms: Euronext uses the Universal Trading Platform (UTP) for its cash and derivatives markets, which ensures high performance, resilience, and low latency trading.
Ownership
Since its spin-off from NYSE Euronext, Euronext has been a publicly traded company, listed on its own exchange. It has a diverse shareholder base, including institutional investors, strategic partners, and individual investors.
Regulatory Framework
Euronext operates under the regulatory oversight of national competent authorities in each country where it has a market. For example, in France, it is supervised by the Autorité des Marchés Financiers (AMF).
Innovations and Services
- ETF Market: Euronext is a leading venue for Exchange Traded Funds (ETFs) in Europe.
- Green Bonds: It has facilitated the growth of green finance by listing numerous green bonds.
- Tech Initiatives: Euronext has been at the forefront of introducing technological advancements in trading, including blockchain technology for bond settlements.
Sources
Related Topics