New pan-European MTF provides customers with low-cost, high-speed access to the most liquid European stocks on a single trading platform
Successful Launch of NYSE Arca Europe
London , Paris , Amsterdam - 9 March 2009 – NYSE Euronext (NYX) today announced the successful launch of NYSE Arca Europe, its Multilateral Trading Facility (MTF) which provides customers with low-cost, high-speed access to the most actively-traded European blue-chip stocks from select European countries¹, not already offered on its European cash regulated markets.
NYSE Euronext European customers will be able, through one single connection to its new state-of-the-art technology trading platform, to have access to trade in stocks listed on its European cash regulated markets in Belgium , France , the Netherlands and Portugal as well as blue-chips stocks from certain European countries via NYSE Arca Europe.
NYSE Arca Europe operates on NYSE Euronext’s next generation Universal Trading Platform² Recently introduced for its European equities markets, the Universal Trading Platform delivers latency of between 150-400 microseconds and has the capacity to handle 100,000 orders per second.
In addition to ultra-low latency, NYSE Arca Europe boasts an innovative pricing model that has been developed in close co-operation with clients. The MTF charges a low flat fee of 0.15 basis points³. In addition, there will be an additional volume incentive for members that are active on NYSE Arca Europe.
Cees Vermaas, Executive Director Sales and Relationship Management, European Cash Markets said: “Our goal is to provide the most advanced, comprehensive pan-European offering for our clients – a one-stop shop for European equity trading. NYSE Arca Europe has a compelling business model, offering unique competitive advantages due to its integration with NYSE Euronext in Europe . Our ambition is to be the leading MTF in Europe and we are very excited about its prospects.”
Roland Bellegarde, Group Executive Vice President and Head of European Execution for NYSE Euronext, added, “NYSE Arca Europe is a strategically important initiative for us in Europe as we continue to expand our service offerings in the new European market environment. Our customers will now have access, through one single trading platform, to our highly liquid regulated markets, to SmartPool, our dark pool block-trading facility, and, from today, to a much wider range of blue-chip pan-European stocks via NYSE Arca Europe.”
Stanley Young, CEO of NYSE Technologies and co-Global CIO of NYSE Euronext, said: “The Universal Trading Platform is already operating successfully for our European cash market and we are delighted to bring the platform’s advanced speed and functionality to customers of NYSE Arca Europe. As a flagship commercial offering from NYSE Technologies, the Universal Trading Platform suite is gaining great interest from leading trading venues around the globe.”
NYSE Arca Europe, fully compliant with MiFID obligations, combines the flexibility of an MTF with the global trading expertise and resources of a leading global exchange. Featuring a central limit order book, thisnew truly pan-European MTF is regulated by the Dutch regulator Autoriteit Financiёle Markten (AFM).
Existing NYSE Euronext members can trade on the platform by simply extending their membership. The pan-European post-trade arrangements will be provided by EuroCCP. NYSE Arca Europe encourages interoperability and is working with EuroCCP and other pan-European clearing providers towards a solution whereby NYSE Arca Europe would be able to offer a choice of clearers.
Notes to Editors:
¹ In the first phase from 9 March NYSE Arca Europe will be offering 377 stocks from the following countries: Austria , Denmark , Finland , Germany , Italy , Norway , Spain , Sweden and Switzerland . A second phase planned for early April will expand the offer to include stocks from Ireland and the United Kingdom.
² The Universal Trading Platform has been developed by and is commercially available through NYSE Technologies.
³ 0.15 basis points is equivalent to 0.0015% of the traded volume.
About NYSE Euronext
NYSE Euronext (NYX) is the world’s most diverse exchange group, offering a broad and growing array of financial products and services in Europe and the United States that include cash equities, futures, options, exchange-traded products, bonds, market data, and commercial technology solutions. With over 8,000 listed issues globally, NYSE Euronext's equities markets -- the New York Stock Exchange, Euronext, NYSE Arca, and NYSE Amex -- represent nearly 40% of the world's cash equities trading volume, the most liquidity of any global exchange group. NYSE Euronext also operates NYSE Liffe, the leading European derivatives business and the world’s second largest derivatives business by value of trading. NYSE Euronext offers comprehensive global commercial technology, connectivity, and market data products and services through its innovative trading solutions unit, NYSE Technologies. NYSE Euronext is part of the S&P 500 index and the only exchange operator in the S&P 100 index. For more information, please visit: www.nyx.com.
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