Lisbon, July 3rd 2012 – Today, NYSE Euronext (NYX) announced the signature of a cooperation and partnership agreement with the Cape Verde Stock Exchange (BVCV) through its subsidiary Euronext Lisbon.
NYSE Euronext and the Cape Verde Stock Exchange sign cooperation agreement
Within the scope of this agreement, NYSE Euronext in cooperation with BVCV will support the development of the capital market in Cape Verde. Amongst other activities, it involves training delivered by Euronext Lisbon as well as receiving BVCV representatives in events either organised or sponsored by the Portuguese Stock Exchange.
Similarly, the agreement foresees the Portuguese Stock Exchange participating in events organised or sponsored by BVCV concerning African countries. The agreement also sets guidelines for future efforts geared towards joint operations. Advantageous to both Portugal and Cape Verde’s capital markets, the aim is to provide higher liquidity into listed securities’ trading, to identify potential synergies and to bring added visibility to listed Portuguese and Cape Verdean companies.
Luís Laginha de Sousa, Chairman and CEO of Euronext Lisbon underlined: “Attentive to the historical and linguistic links between Cape Verde and the European Union, NYSE Euronext Lisbon and the Cape Verde Stock Exchange are in a privileged position to identify and promote ways for their markets to come together.” He went on to add: “This agreement formalises and increases an already long tradition of collaboration between the Portuguese Stock Exchange and its Cape Verdean counterpart. Our aim is to prioritise sharing knowledge and experience with, possibly at a later date, extending this collaboration into other areas“.
Manuel Joaquim Lima, Chairman of Cabo Verde Stock Exchange (BVCV) added: “This agreement is the result of a natural development of the historical relationship between Portugal and Cape Verde, in the context of the Special Partnership between Cape Verde and the European Union, between its stock exchanges . It paves the way for a lasting partnership in the capital markets, beneficial for both countries and its economic agents. Moreover, it also means a new more integrated and shared vision of the Stock Exchange activities, for the benefit of its development and institutional consolidation.”
About Cape Verde Stock Exchange
The Cape Verde Stock Exchange, S.A. (BVC) began its activity in December 2005, after making changes to its systems which now renders it more modern and effective. The BVC is structured in accordance with international standards, in a way that creates products and services consistent with national financial market needs and adjustments. Currently, BVC carries out securities operations, settlement and custody of securities, manages a centralized system to register book entry securities, manages the stock market and security trading systems, carries out investigation, publicity, promotion, or training that contributes to balanced and sustainable growth of the Cape-verdian capital market and provides to market members relevant services that meet their needs in similar and foreign markets. For more information, please visit: www.bvc.cv.
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 MKT, 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. For more information, please visit: http://www.nyx.com.
Disclaimer and Cautionary Note Regarding Forward-Looking Statements
This press release may contain forward-looking statements, including forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements include, but are not limited to, statements concerning NYSE Euronext's plans, objectives, expectations and intentions and other statements that are not historical or current facts. Forward-looking statements are based on NYSE Euronext's current expectations and involve risks and uncertainties that could cause actual results to differ materially from those expressed or implied in such forward-looking statements. Factors that could cause NYSE Euronext's results to differ materially from current expectations include, but are not limited to: NYSE Euronext's ability to implement its strategic initiatives, economic, political and market conditions and fluctuations, government and industry regulation, interest rate risk and U.S. and global competition, and other factors detailed in NYSE Euronext's 2011 Annual Report on Form 10-K and other periodic reports filed with the U.S. Securities and Exchange Commission or the French Autorité des Marchés Financiers. In addition, these statements are based on a number of assumptions that are subject to change. Accordingly, actual results may be materially higher or lower than those projected. The inclusion of such projections herein should not be regarded as a representation by NYSE Euronext that the projections will prove to be correct. This press release speaks only as of this date. NYSE Euronext disclaims any duty to update the information herein.