Following the recommendations of its Strategic Planning Committee for SMEs, NYSE Euronext announced on 5 December plans to launch a pan-European exchange especially for small and medium-sized companies, developedin consultation with all of the Group’s European markets.
Given the challenges SMEs face in securing financing, NYSE Euronext has decided to take action and is proposing a bold new exchange for Europe.
More specifically, NYSE Euronext’s initiative will:
Create an exchange dedicated to SMEs, consisting of a new subsidiary and the existing markets operated by NYSE Euronext in Europe. It will bring together companies currently listed in the B and C segments of the regulated markets and companies listed on NYSE Alternext to achieve critical mass (approximately 800 issuers drawn from the four countries in which NYSE Euronext operates in Europe).
Maintain NYSE Euronext’sexisting federal business model.
NYSE Euronext inaugurated the Retail Matching Facility, a liquidity programme that allows individual investors to benefit from the best prices for their transactions, on its European markets end of January. The goal is to retain and strengthen private investor flows in a context of fragmented liquidity.
This fragmentation follows the application of the MIF Directive in Europe, which opened up competition between markets. In practice, brokers are not always able to offer their customers access to the best European prices despite the requirements placed on them.
The Retail Matching Facility makes it possible for brokers to direct all orders from individual investors to the Central Limit Order book where, thanks to a dedicated programme, liquidity providers certified by NYSE Euronext offer price improving...
Ahead of the Bell: Dow futures are trading up 2 points and S&P futures are trading up 2 points. A proposal to extend the nation’s debt limit until May 2013 moved closer to a vote, and President Barack Obama said he would sign the bill if it passed Congress, easing concerns that a hard fought negotiation in Washington could threaten the economic recovery. Google and IBM will be in focus today after both internet and software giant’s reported robust 4th quarter earnings after the bell yesterday. Google said internet advertising revenue is on the rise, while IBM provided investors an indication whether big cap companies are spending again.
On the economic calendar today, FHFA house price index for November will be out before the opening bell, it is forecasted to be 0.7% compared with 0.5% for October.
The dollar is up against the Japanese yen and down against the...
NYSE Euronext was partner to the 12th edition of the Deloitte Technology Fast 50, organized by Deloitte and In Extenso in France and Benelux. In France, the closing ceremony on 26 November at Palais Brongniart in Paris revealed the national winners and awarded top honors to ProwebCE, a leading company in services for labor councils listed on NYSE Alternext since 2010, for its 1,110% growth over five years.
The following listed companies were recognized:
ProwebCE (Levallois-Perret, Paris region), Ile-de-France and national winner