Euronext
Euronext is the largest stock exchange group in Europe, and one of the largest in the world. Some of its more notable benchmark equity indexes include: AEX in Amsterdam BEL 20 in Brussels CAC 40 in Paris PSI 20 in Lisbon Euronext 100 — a pan-European blue-chip index NYSE Euronext is a publicly-traded company that sees transactions worth over €100 billion in securities each trading day. 2007: Euronext merges with New York Stock Exchange to create NYSE Euronext. It later acquired the Portuguese stock exchange and the London International Financial Futures and Options Exchange (LIFFE), expanding its offerings to include equities, exchange traded funds, warrants and certificates, bonds, derivatives, commodities, and indices. Over the years, it has since merged with several other exchanges, most notably the New York Stock Exchange (NYSE), before itself being acquired by the Intercontinental Exchange (ICE).
What Is Euronext?
Euronext is the largest stock exchange group in Europe, and one of the largest in the world. It was originally created via the mergers of the Amsterdam, Paris, and Brussels stock exchanges.
Over the years, it has since merged with several other exchanges, most notably the New York Stock Exchange (NYSE), before itself being acquired by the Intercontinental Exchange (ICE). In 2014, Euronext was spun off to become an independent entity once again.
Understanding Euronext
It maintains headquarters in Amsterdam with major offices in Brussels, London, Lisbon, Dublin, and Paris. As of 2017, Euronext listed 1,300 issuers representing more than €3 trillion (euros) in market capitalization.
Some of its more notable benchmark equity indexes include:
NYSE Euronext is a publicly-traded company that sees transactions worth over €100 billion in securities each trading day. With approximately 8,000 listed issues, NYSE Euronext's equities markets represent one-third of the world's equities trading. Euronext shares are listed in Amsterdam with the symbol ENX.
Timeline of Euronext's Milestones
Alternext and Enternext
Regulated solely by Euronext, the Alternext is an equity trading market, opened in 2005, that offers streamlined listing requirements and trading rules to better meet the needs of small and mid-sized firms while ensuring investor transparency.
EnterNext is the Euronext subsidiary, created in 2013, dedicated to financing and promoting small and medium-sized companies (SMEs) in the financial markets. It comprises the 750 listed companies on Euronext markets in Belgium, France, the Netherlands, and Portugal.
Exchange Merger Madness
In 2006, Nasdaq made an attempt to acquire the London Stock Exchange (LSE). Noting the race to scale, the NYSE Group decided to go after Euronext. The Nasdaq-LSE merger did not progress.
However, the Deutsche Börse in Germany tried unsuccessfully to outbid the NYSE Group. The German group tried on two occasions to merge with the new NYSE Euronext but lost out to Intercontinental Exchange.
In 2017, the European Union's antitrust watchdog formally blocked the planned $28 billion merger between Deutsche Börse and London Stock Exchange (LSE) Group after the parties failed to offer sufficient solutions to assuage antitrust concerns.
Related terms:
Amsterdam Stock Exchange (AEX) .AS definition
Founded in the 1600s with the Dutch East India Co. the Amsterdam Stock Exchange is considered the oldest in the world. It merged to form Euronext Amsterdam in 2000. read more
Bear Market : Phases & Examples
A bear market occurs when prices in the market fall by 20% or more. read more
CAC 40
CAC 40 is the French stock market index that tracks the 40 largest French stocks based on the Euronext Paris market capitalization. read more
Intercontinental Exchange (ICE)
The Intercontinental Exchange is a market-based in Atlanta, Georgia that facilitates the electronic exchange of energy commodities. read more
London International Financial Futures and Options Exchange (LIFFE)
LIFFE is a London, England-based futures and options exchange now known as ICE Futures Europe. read more
London Stock Exchange (LSE)
The London Stock Exchange (LSE) is the main stock exchange in the United Kingdom. The LSE provides access to electronic trading for thousands of stocks. read more
NYSE Arca
NYSE Arca is an electronic securities exchange in the U.S. on which exchange-traded products and equities trade. read more
New York Stock Exchange (NYSE)
The New York Stock Exchange, located in New York City, is the world's largest equities-based exchange in terms of total market capitalization. read more