Global exchange group NYSE Euronext has announced its pan-European multilateral trading facility offering will start trading during the third week of November.
Speaking today at The European Exchanges Summit in London, Cees Vermaas, NYSE Euronext’s executive director, sales and relationship management for European cash markets, said that the new MTF – previously referred to under its project name, Octopus – would be called NYSE Arca Europe.
On a phased basis, the platform intends to roll out trading in leading European stocks, except those already on offer on its Euronext markets in Belgium, France, Netherlands and Portugal.
NYSE Arca Europe also intends to offer a choice of clearing agents, initially starting with Euro CCP at launch, followed by European Multilateral Clearing Facility – now owned by the Dutch government and Nasdaq OMX – LCH.Clearnet and Swiss clearer SIX X-clear.