NYSE Arca Europe, the pan-European multilateral trading facility (MTF) owned by exchange group NYSE Euronext, has become the latest execution venue to offer trading in Hungarian and Czech blue chips.
From today, the MTF will start trading Budapest’s BUX and Prague’s PX indices. European central counterparty EuroCCP will provide clearing services in both markets.
“The expansion of our service offering into the PX Prague stock index and the BUX index reflects the growing interest from our customers to access this new market segment,” said Virginie Saade, head of NYSE Arca Europe. “The addition of these markets will help enable our customers to maximise their trading opportunities.”
NYSE Arca Europe joins London Stock Exchange-owned MTF Turquoise and buy-side only crossing network Liquidnet in offering trading in Budapest and Prague listed stocks. Nasdaq OMX Europe, the MTF owned by exchange group Nasdaq OMX, started trading in the two markets in April, but is due to cease all operations from 1 July.
According to data vendor Thomson Reuters, NYSE Arca Europe traded €2.15 billion, or 0.19% of total European trading, in May. NYSE Arca Europe now offers trading in 13 European markets, excluding the securities listed on NYSE Euronext’s four domestic European markets in France, Belgium, Portugal and the Netherlands.