The newest old exchange in Europe has set its sights on aggressive expansion in futures trading
Euronext may have been unceremoniously dumped by the
IntercontinentalExchange last month when the US energy giant
floated the firm but the mood at Europe’s oldest
new exchange is bullish and its focus is derivatives.
The group comprising the Paris, Amsterdam, Brussels and
Lisbon stock exchanges listed in Paris one month ago at
€20 a share, traded down slightly on debut and is still
there now, with shares trading around €18.70 at the time
Under listings rules, newly floated companies are tightly
shackled in what they can say publicly but the exchange has
been busy in recent weeks detailing new product launches and
outlining a strategy to grow aggressively its derivatives
Euronext said last week it will launch in the fourth quarter
of this year Europe’s first weekly futures on the
flagship CAC40 and AEX, a bold move that makes sense on
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