Wednesday May 1 2013
News Source: Global Exchanges
Focus: Other
Type: General
Country: European Union
Aware of the challenges facing businesses in search of funding, NYSE Euronext (NYX) is beefing up its strategy and resources for small and medium-sized companies (SMEs) by launching a subsidiary dedicated to these businesses on 23 May 2013.
The project was developed in conjunction with market participants and is a key component of a dynamic financing framework designed especially for SMEs. It will make an active contribution to the range of measures for SMEs recently announced in France by the President, as well as to the various initiatives supporting SMEs prepared in Belgium, The Netherlands and Portugal.
The new entity will cover the current B and C compartments of NYSE Euronext’s regulated market, as well as NYSE Alternext in each of the European countries where the group operates—a total of nearly 800 companies. Managed by a subsidiary set up in France for this purpose, it will have its own brand, operating budget and team.
This ambitious project will give NYSE Euronext a truly pan-European market dedicated exclusively to SMEs, with a central orderbook and a transparent market model.
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