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Euronext list: a harmonized listing structure

The Euronext list contains almost 1,400 domestic and foreign companies, as well as a comprehensive range of structured products.

Companies admitted to listing via any of Euronext's market entry points are automatically included on the Euronext list. All listed companies are segmented according to their market capitalization by the three groups outlined in the table, below.


   
Euronext – the Euronext Cash Market

Segment A

Market cap: more than €1 billion

Segment B

Market cap: between €150 million and €1 billion

Segment C

Market cap: less than €150 million



This classification allows investors to easily distinguish between companies with small, medium and large capitalizations. Furthermore, the Euronext list is organized in a way that allows companies to position themselves on the basis of three factors in addition to market capitalization – international industry sector classification, liquidity profile and indices:

  • International sector classification: all Euronext sector indices are based on the Industry Classification Benchmark (ICB) classification, the industry standard for many international exchanges.

  • Liquidity profile: there are three liquidity profiles on the Cash Market. Highly liquid companies are continuously traded; companies can also be traded at double daily auction or single daily auction. Less liquid companies may benefit from the presence of a liquidity provider.

  • Inclusion in the Euronext indices: the Euronext 100 and Next 150 indices are cross-border, followed by the national indices AEX, BEL 20, CAC 40 and PSI 20. Other indices include the FTSEurofirst 80 and 100 indices and the NextCAC 70, as well as a series of local mid- and small-cap indices.

Structured products

In addition to the equity markets described above, the main product segments on the Cash Market are:

  • ETFs,(Exchange Traded Funds) or Trackers ETFs are traded via the dedicated product segment, NextTrack. The market in ETFs is growing rapidly and Euronext currently lists around 50% of the total ETFs listed in Europe.

  • Warrants: Euronext lists a wide range of warrants traded on the dedicated product platform, NextWarrants. This is tailored to trading warrants by providing automatic order execution, committed liquidity providers and new warrant types, including turbo warrants and turbo certificates.

  • Bonds: A wide range of bonds are traded on Euronext’s Cash Market, including government bonds, corporate bonds, mortgage bonds and Eurobonds.

In addition, Euronext operates a Securities Lending and Borrowing Market, making it possible for trading members to lend or borrow securities on an anonymous market. This is a valuable service for those who have long term holdings of stock.