The establishment and development of Euronext aims to adapt to the challenge of financial market globalization and provide a platform with increasing liquidity and lower transaction costs for participants. From 2000 to 2004, Euronext integrated its information, trading, delivery and clearing platforms to provide high-quality services for financial institutions, listed companies, institutions, retail investors and financial information users.
One of the characteristics of Euronext is that all companies interested in listing on Euronext are free to choose to list on any stock exchange in Amsterdam, Paris, Brussels and Lisbon, and are regulated by the laws of the country where they are listed. Similarly, market participants can buy and sell securities through any stock exchange. Considering the requirements of government supervision and respecting the domestic business and trading environment of member countries, the five trading institutions under Euronext (all wholly-owned subsidiaries of Euronext) still exist and trade after high integration. Although the transaction can still be carried out in five places, its trading system, clearing system and delivery system are unified.
Although the financial regulatory agencies in the Netherlands, France, Belgium, Portugal and other countries are different in organizational form, terms of reference and operation mode, they are the same in protecting the interests of investors and ensuring the orderly operation of the market. The above institutions signed an agreement to coordinate the supervision of Euronext Group.
The second feature of Euronext is that it has not only various platforms for securities trading (cash), but also various financial derivatives platforms (LIFFE) such as futures and options, which provides more choices for market participants, avoids risks and gains profits.
The third feature of Euronext is that since its establishment, Euronext has always adhered to the business philosophy of cooperation and openness, constantly expanding itself and serving customers through cooperation and expansion. Its establishment itself is a pioneering work, combining the stock exchanges of the Netherlands, France and Belgium into one, which not only expands the market, but also facilitates investors and reduces transaction and operating costs. Since then, Euronext merged LIFFE and BVLP, which enriched the trading varieties and expanded the geographical coverage, and became an important gateway to enter the European capital market.
On April 4th, 2007, new york Stock Exchange and Euronext successfully merged and listed on NYX and Euronext at the same time, becoming the first transatlantic stock exchange in the world.