Euronext London receives FCA approval for RIE status

Jun 5th, 2014 | By | Category: ETF and Index News

Euronext, the pan-European exchange operator, has announced that its London market has been declared a Recognised Investment Exchange (RIE) by the Financial Conduct Authority.

Euronext London receives FCA approval for RIE status

Lee Hodgkinson, Head of Markets and Global Sales, Euronext and CEO of Euronext London.

The development puts Euronext London in direct rivalry with the London Stock Exchange and BATS Chi-X Europe who are fiercely competing for primary listings ranging from equity securities, depositary receipts and exchange-traded funds.

Euronext London enhances the visibility and prominence of its continental European listing and trading venues, while complementing the group’s other European securities markets. It offers international issuers the opportunity to list shares and depositary receipts on the Official List of the UK Listing Authority on a market which offers strong visibility and a broad investor base.

By listing in London, issuers’ securities are traded on Euronext’s Universal Trading Platform (UTP) that connects all its European securities markets, representing Europe’s largest cross-border equity exchange.

Lee Hodgkinson, Head of Markets and Global Sales, Euronext and CEO of Euronext London, said: “London is an important market for issuers and members alike and the recognition of Euronext UK Markets Limited as an RIE confirms our commitment to it as a leading international financial centre.”

Dominique Cerutti, CEO of Euronext, added: “With over €6 billion of equity securities traded daily on our markets, Euronext London is a logical entry point for international issuers wanting to access the deep liquidity found within our market. Today’s announcement strengthens the competitive position of Euronext’s European markets and underscores our position as a leading capital raising centre.”

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