Euronext

Euronext NV is a European stock exchange seated in Amsterdam, Brussels, London, Lisbon and Paris. In addition to cash and derivatives markets, the Euronext group provides listing market data, market solutions, custody and settlement services. Its total product offering includes equities, exchange-traded funds, warrants and certificates, bonds, derivatives, commodities and indices.

As of the first quarter of 2014, Euronext was the largest in continental Europe with 1,300 issuers representing a €2.6tn market cap. Euronext merged with NYSE Group, Inc. on April 4, 2007 to form NYSE Euronext (NYX). On November 13, 2013 Intercontinental Exchange (NYSE: ICE), completed acquisition of NYSE Euronext. In June 2014 Euronext completed an initial public offering making it a standalone company again.

History

Creation

Euronext was formed on 22 September 2000 following a merger of the Amsterdam Stock Exchange,Brussels Stock Exchange, and Paris Bourse, in order to take advantage of the harmonization of the financial markets of the European Union. In December 2001, Euronext acquired the shares of the London International Financial Futures and Options Exchange (LIFFE), forming Euronext.LIFFE. In 2002 the group merged with the Portuguese stock exchange Bolsa de Valores de Lisboa e Porto (BVLP), renamed Euronext Lisbon. In 2001, Euronext became a listed company itself after completing its Initial Public Offering.

Euronext 100

The Euronext 100 Index is the blue chip index of the pan-European exchange, Euronext NV.

It comprises the largest and most liquid stocks traded on Euronext. Each stock must trade more than 20 percent of its issued shares over the course of the rolling one year analysis period. The index is reviewed quarterly through a size and liquidity analysis of the investment universe. As of December 21, 2002, the stocks in the Euronext100 Index represent 80% (euro 1,177 billion) of the total market capitalization of Euronext’s investment universe (euro 1,477 billion). Each stock in the index is given a sector classification.

See also