All European equities, including Exchange-Traded Fund products listed on the NYSE Euronext's Amsterdam, Brussels, Lisbon and Paris markets are now trading on its next-generation Universal Trading Platform following the migration of these markets from the Nouveau Système de Cotation platform.
The European transfer to the Universal Trading Platform represents a significant step in the electronic trading platform's roll-out across NYSE Euronext cash and derivatives markets in Europe and the US. In addition the Universal Trading Platform should offer access to the company's new European Multi-Trading Facilities: NYSE Arca Europe and SmartPool. Ultimately, the concept is that trading customers will be provided with connectivity to all the NYSE Euronext markets through one ultra-low latency global network.
Roland Bellegarde, group executive vice president and head of European execution for NYSE Euronext said: "We believe that our customers will immediately benefit from one single point of access to all our cash equities markets in Europe, thereby reducing costs and producing a dramatic increase in market efficiency. The introduction of the Universal Trading Platform is strategically important to our business, and gives us a significant competitive advantage in Europe, enabling us to meet the emerging needs of both existing and future customers."
Anthony Attia, executive director and head of the Universal Trading Platform Program, said: "The delivery of the second stage in the roll-out of the Universal Trading Platform demonstrates NYSE Euronext's commitment to continuous innovation in order to provide technology-driven efficiencies to our customers. They will benefit from the superior functionality, faster speed and much greater capacity of the Universal Trading Platform."
Customers trading on NYSE Euronext European cash markets will potentially see reduced latencies from 1.5 milliseconds per roundtrip on NSC to 150-400 microseconds per roundtrip on the Universal Trading Platform. In addition the Universal Trading Platform reportedly has the ability to handle 100,000 orders per second.
Stanley Young, chief executive of NYSE Technologies and co-global CIO of NYSE Euronext said: "The Universal Trading Platform, which was developed by our in-house technology and business teams, provides a truly advanced market infrastructure and is based on the best-of-breed NYSE Euronext systems and technology. We see a tremendous opportunity to offer the Universal Trading Platform solutions set to other markets and financial service firms globally as a commercial offering from NYSE Technologies."
Following the migration of the European bond market in December 2008, this second phase of the company-wide implementation of the Universal Trading Platform will be followed by its deployment on NYSE Arca Europe, NYSE Euronext's new MTF which is set to launch in March 2009, and the NYSE Arca equities market in the U.S. in the third quarter of this year.