Euronext-Brussels
Euronext-Brussels is one of the key stock exchanges in Europe, part of the Euronext group, which is itself a pan-European stock exchange that operates several exchanges in multiple countries. Here is detailed information about Euronext-Brussels:
History
- Euronext-Brussels was originally founded in 1801, making it one of the oldest stock exchanges in Europe. Initially, it was known as the Brussels Stock Exchange.
- In 2000, it merged with the stock exchanges of Amsterdam, Paris, and Lisbon to form Euronext, which was the first cross-border exchange in Europe.
- After the merger, Euronext-Brussels continued to operate under its own name but within the larger Euronext framework, which later expanded to include London (for certain types of trading) and Dublin.
Location
The exchange is located in the Brussels Stock Exchange building, which was designed by architect Leon-Pierre Suys in the neoclassical style and completed in 1873. This building, with its iconic glass dome, is a landmark in Brussels.
Operations
- Euronext-Brussels facilitates the trading of equities, bonds, ETFs, warrants, and derivatives.
- It lists companies from various sectors, including technology, pharmaceuticals, finance, and consumer goods. Notable companies listed include UCB, Solway, and KBC Group.
- The exchange uses advanced trading systems provided by Euronext, ensuring high efficiency, transparency, and security in trading activities.
Indices
- The primary index for Euronext-Brussels is the BEL 20, which tracks the performance of the 20 most valuable and liquid stocks listed on the exchange.
- Other indices include the BEL Mid for mid-cap companies and the BEL Small for small-cap companies.
Regulation
Like all Euronext exchanges, Euronext-Brussels operates under the regulatory oversight of national financial authorities, in this case, the Financial Services and Markets Authority (FSMA) of Belgium, as well as the broader European regulatory framework.
Notable Events
- In 2014, Intercontinental Exchange (ICE) acquired NYSE Euronext, but Euronext was spun off again as an independent entity in 2014, with Euronext-Brussels retaining its role within the group.
- The exchange has been at the forefront of adopting new financial technologies, including the introduction of block trading, dark pools, and high-frequency trading mechanisms.
Sources
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