NYSE Euronext has launched NYSE Arca Europe, a multilateral trading facility which aims to provide customers with low-cost, high-speed access to the most actively-traded European blue-chip stocks from that are not already offered on its European cash regulated markets.
NYSE Euronext European customers will be able, through one single connection to its new technology trading platform, to have access to trade in stocks listed on its European cash regulated markets in Belgium, France, Netherlands and Portugal as well as blue-chips stocks from certain European countries via NYSE Arca Europe.
NYSE Arca Europe operates on NYSE Euronext's Universal Trading Platform. Recently introduced for its European equities markets, the platform delivers latency of between 150-400 microseconds and has the capacity to handle 100,000 orders per second.
The MTF charges a flat fee of 0.15 basis points. In addition, there will be an additional volume incentive for members that are active on NYSE Arca Europe.
Cees Vermaas, executive director sales and relationship management for European cash markets, says: 'Our goal is to provide the most advanced, comprehensive pan-European offering for our clients - a one-stop shop for European equity trading.
'NYSE Arca Europe has a compelling business model, offering unique competitive advantages due to its integration with NYSE Euronext in Europe. Our ambition is to be the leading MTF in Europe and we are very excited about its prospects.'
Roland Bellegarde, group executive vice president and head of European execution for NYSE Euronext, adds: 'NYSE Arca Europe is a strategically important initiative for us in Europe as we continue to expand our service offerings in the new European market environment. Our customers will now have access, through one single trading platform, to our highly liquid regulated markets, to SmartPool, our dark pool block-trading facility, and, from today, to a much wider range of blue-chip pan-European stocks via NYSE Arca Europe.'
Existing NYSE Euronext members can trade on the platform by extending their membership. The pan-European post-trade arrangements will be provided by EuroCCP.