NYSE Euronext London doesn't expect listings until 2011

NYSE Euronext London, the UK-based listing venue for overseas firms launched on 14 July 2010 by exchange group NYSE Euronext, has admitted it may not see its first listing until 2011.
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NYSE Euronext London, the UK-based listing venue for overseas firms launched on 14 July 2010 by exchange group NYSE Euronext, has admitted it may not see its first listing until 2011.

A spokesman for the firm said that it is not working to a specific timeframe and it is currently in the process of educating firms that could potentially list. He added that NYSE Euronext London hopes to attract its first listing soon, however given market conditions, 2010 seems unlikely. β€œIt would be great to have a listing for this year, but given the current state of the market, it is more likely to happen next year,” he said.

NYSE Euronext London launched on the exchange group's Universal Trading Platform, which incorporates a single trading engine and point of connectivity for all of its markets. The new venue is using LCH.Clearnet as its clearing house like other NYSE Euronext businesses until 2012, at which point the group will move its clearing to an in-house system currently under development.

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