Amsterdam, Brussels, Lisbon, London, Paris 14 April 2010 - NYSE Arca Europe today announced that it will admit U.S. equities to its trading platform when it launches the components of the S&P 100 Index for trading during the second quarter of 2010, creating the first truly transatlantic trading platform. EuroCCP, will offer clearing services for these securities with settlement taking place via EuroCCP’s account at The Depository Trust Company (DTC), the U.S. central securities depository and subsidiary of the Depository Trust and Clearing Corporation (DTCC), providing trading firms with a cost-effective posttrade solution.
NYSE Arca Europe to launch U.S. Equities
This service will provide trading firms the first-ever opportunity to trade U.S. securities on a European platform during European trading hours with settlement at DTC. Initially, S&P 100 stocks will be admitted to the platform; however, further stocks are likely to be introduced in the near future.
Virginie Saade, Head of NYSE Arca Europe, said “Our clients have shown a strong interest in being able to trade U.S. stocks through NYSE Arca Europe, seeing this as a good business opportunity. As part of NYSE Euronext, we have been able to leverage the Group’s knowledge and experience of the U.S. market, as well as our relationship with EuroCCP, to help unlock the U.S. stocks for our European clients for the first time, at low cost. This is an opportunity for us to create the first transatlantic trading platform and is an important step towards becoming a truly global MTF.”
Lawrence Leibowitz, NYSE Euronext’s Chief Operating Officer adds, “This is an example of us listening closely to our clients globally and responding with a new way for our customers in Europe to maximise their trading opportunities.”
About NYSE Arca Europe
NYSE Arca Europe is NYSE Euronext's new pan-European Multilateral Trading Facility (MTF), providing customers with low-cost, high-speed access to the most liquid European stocks from eleven countries. NYSE Arca Europe's offering is unique due to its integration with NYSE Euronext, combining the flexibility of an MTF with the trading expertise and resources of a leading global exchange. Featuring a central order book, NYSE Arca is operated on NYSE Euronext's market-leading Universal Trading Platform, with a latency measured as low as 60 microseconds, averaging 140 microseconds (internal roundtrip) and the capacity to handle 100,000 orders per second. For more information visit www.nyse.com/arcaeurope.
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About NYSE Euronext
NYSE Euronext (NYX) is a leading global operator of financial markets and provider of innovative trading technologies. The company's exchanges in Europe and the United States trade equities, futures, options, fixed-income and exchange-traded products. With approximately 8,000 listed issues (excluding European Structured Products), NYSE Euronext's equities markets – the New York Stock Exchange, NYSE Euronext, NYSE Amex, NYSE Alternext and NYSE Arca – represent one-third of the world's equities trading, the most liquidity of any global exchange group. NYSE Euronext also operates NYSE Liffe, one of the leading European derivatives businesses and the world's second-largest derivatives business by value of trading. The company offers comprehensive commercial technology, connectivity and market data products and services through NYSE Technologies. NYSE Euronext is in the S&P 500 index, and is the only exchange operator in the S&P 100 index and Fortune 500. For more information, please visit: http://www.nyx.com.
European Central Counterparty Limited (EuroCCP) is a UK-incorporated, FSA-regulated Recognised Clearing House that is governed by its European users. It is the European subsidiary of The Depository Trust & Clearing Corporation (DTCC) and is headquartered in London. EuroCCP is a pan-European clearing solution offering the scale economies and risk management expertise of the US market to European market participants. It currently clears equity trades in 19 countries. Market participants can trade equities on any venue EuroCCP supports and have their transactions netted for settlement and/or margin purposes for the same security traded on the same day, thereby reducing costs and operational risks. EuroCCP is a strong advocate of CCP interoperability and is in the process of achieving interoperability with LCH.Clearnet, SIX x-clear and EMCF. For more information on EuroCCP, visit www.euroccp.co.uk.
The Depository Trust & Clearing Corporation (DTCC), through its subsidiaries, provides clearance, settlement and information services for equities, corporate and municipal bonds, government and mortgagebacked securities, money market instruments and overthe- counter derivatives. In addition, DTCC is a leading processor of mutual funds and insurance transactions, linking funds and carriers with financial firms and third parties that market these products. DTCC’s depository provides custody and asset servicing for more than 3.5 million securities issues from the United States and 121 other countries and territories, valued at US$33.9 trillion. In 2009, DTCC settled more than US$1.47 quadrillion in securities transactions. DTCC has operating facilities and data centres in multiple locations in the United States and overseas. For more information on DTCC, visit www.dtcc.com.