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| NCP |
Own-account trader (Négociateur pour Compte Propre) "NCP" - Natural or legal persons authorized solely to trade for their own account.
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| NEC |
Broker-dealer (Négociateur Courtier) "NEC" - a legal person trading for its own account and for third parties, consistent with the investment services for which it has been authorized by applicable banking and financial authorities. An NEC must be designated by a ACG or by an ACI with which it has signed a clearing and guarantee agreement.
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| NEM |
Commodities trader (négociateur en marchandises) "NEM" - A legal entity authorized to trade commodity futures only. Must sign a clearing and guarantee agreement with a clearing member.
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| NSC |
The electronic trading system used in France since 1986 for equities and bonds. Now, the system is used on all Euronext cash products. Operates from 9.00 a.m. to 5.30 p.m..
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| Net Asset Value (NAV) |
Price of a unit or share in a collective investment scheme, obtained by dividing the scheme's net assets by the number of units or shares. NAV is calculated and published on a regular basis, at a frequency specified in the prospectus or stipulated by law and regulations. The frequency may be changed. Where the assets of the scheme exceed €80 million, NAV is calculated daily. In exceptional circumstances, redemptions may be suspended. Further, some schemes may place limits on subscriptions, as specified in the Financial Security Act. All redemptions and subscriptions are based on the net asset value.
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| NextTrack |
Segment of Euronext Paris specialised in ETFs.
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| Nouveau Marché |
A market segment to meet the needs of fast-growing young companies seeking capital to finance expansion.
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| Nouveau Marché Special Box |
The purpose of this section is to group issuers whose financial and investment characteristics have been affected by events that could have a lasting impact. The Euronext Paris instruction NM3-03 specifies the examination criteria and the operating procedures of the "compartiment spécial" (special box).
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