NYSE Euronext launches 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 countries, 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.
In addition to ultra-low latency, NYSE Arca Europe offers a pricing model that has been developed in close co-operation with clients. The MTF charges a low flat fee of 0.15 basis points. Also there will be an additional volume incentive for members that are active on NYSE Arca Europe.
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.
Our goal is to provide the most advanced, comprehensive pan-European offering for our clients a one-stop shop for European equity trading, says Cees Vermaas, executive director, Sales and Relationship Management, European Cash Markets.
NYSE Arca Europe has a compelling business model, offering unique competitive advantages due to its integration with NYSE Euronext in Europe.
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, says Roland Bellegarde, group executive vice president and head of European Execution, NYSE Euronext.
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.
The Universal Trading Platform is already operating successfully for our European cash market and we are delighted to bring the platforms advanced speed and functionality to customers of NYSE Arca Europe, says Stanley Young, CEO of NYSE Technologies and co-Global CIO of NYSE Euronext.
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