NYSE Euronext has launched a new London-based securities market, ‘NYSE Euronext London’, aimed at attracting international issuers looking to list in London.
NYSE Euronext London is complementary to NYSE Euronext’s other European securities markets and is expected to enhance the visibility and prominence of its Continental Europe listing and trading venues.
NYSE Euronext London will offer international issuers the facility to list shares and depositary receipts on the official list of the UK Listing Authority. In addition, issuers will also be able to trade their securities on NYSE Euronext’s Universal Trading Platform, that connects all its European securities markets.
Dominique Cerutti, president and deputy CEO of NYSE Euronext, said: “This is a natural next step in NYSE Euronext’s evolution and a logical extension of our European cash markets. NYSE Euronext London combines the strength and visibility of our global brand and our leadership position in European cash markets with NYSE Liffe’s established presence in London and worldwide.
“Moreover, the new listing venue strengthens the competitive position of NYSE Euronext’s European markets. In particular Paris, our European headquarters, will remain by far the largest of our listings markets in Europe and our day-to-day center of management for all our European cash operations and the development of our Universal Trading Platform.”
Ronald Kent, group EVP and head of international listings at NYSE Euronext, and CEO of NYSE Euronext London, said: “NYSE Euronext London is specifically aimed at attracting international companies determined to list in London and which, up to now, could not consider NYSE Euronext as an option. Our new London securities market provides issuers in London with the global visibility, access to liquidity, and market quality that a NYSE Euronext listing affords.”