On September 22 2000, Parisbourse, Amsterdam Exchanges (AEX)
and Brussels Exchanges (BXS) completed the first cross-border
merger of European exchanges to create Euronext. The three
markets, respectively renamed Euronext Paris, Euronext
Amsterdam and Euronext Brussels, are continuing their
consolidation on a regulatory and technical level in order to
achieve a pan-European financial market with a unique
combination of global reach and local proximity.
Euronext is working to offer its users, in the
short-to-medium term (see figure 1), a global market based
a single trading platform for cash products; a single
trading platform for derivatives products; a common trading
rule book; one central counterparty and clearing house for all
trades executed on Euronext markets; a single clearing rule
book; and a unified settlement and custody platform. Euronext
global market will be accessible through three access points:
Euronext Paris, Euronext Amsterdam and Euronext Brussels.
Euronext members and listed companies will be entitled to
select their preferred access point to Euronext...