Euronext and Morningstar collaborate in European Indices and Derivatives launch

  • Strategic collaboration between the eurozone’s leading pan-European exchange and the leading global provider of independent investment research 
  • Launch of a new range of Morningstar European indices and associated instruments, traded on Euronext
  • Offer to make available benchmark indices and create derivatives in Europe for investors

Amsterdam, Brussels, Lisbon, London and Paris — 20 March 2017 — Euronext and Morningstar today signed a strategic collaboration to launch product creation opportunities and risk management tools, based on Morningstar Indices. This offering, which includes new European indices for blue chips, will give investors access to relevant benchmarks and related market data at lower cost.

The products to be developed by Euronext aim to provide different investor profiles (asset managers, brokers and banks) with equity beta indices that can be used as benchmarks and for investable product creation. The new Morningstar indices are positioned as competitive alternatives to existing products, and will form part of the Morningstar Global Index Family, meeting industry demand for disruptive business model solutions via low cost licences. Later in the year Euronext will launch options and futures contracts on the two new European indices.

Sanjay Arya, Global Head of Morningstar Indexes, said: “Morningstar’s mission is to create great products that help investors reach their financial goals. Our indexes practice is an extension of that mission. Our collaboration with Euronext is designed to help investors gain accessible, consistent exposure to European markets with tools to manage risk in their portfolios.”

Stéphane Boujnah, CEO and Chairman of the Managing Board, Euronext N.V said: “This agreement with Morningstar is part of our ‘Agility for Growth’ strategy aimed at diversifying and strengthening our index offering in Europe. The Euronext Group is well positioned to meet rising demand for these products from clients at a time when the European market is actively seeking new business models. Working closely with our clients lets us deliver innovative solutions to the industry as a whole.”

About Morningstar, Inc.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offers an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors. Morningstar provides data and research insights on a wide range of investment offerings, including managed investment products, publicly listed companies, private capital markets, and real-time global market data. Morningstar also offers investment management services through its investment advisory subsidiaries, with more than USD$200 billion in assets under advisement and management as of 31 December 2016. The company has operations in 27 countries.

 

About Euronext
Euronext is the leading pan-European exchange in the Eurozone with nearly 1,300 listed issuers worth close to €3.5 trillion in market capitalisation as of end March 2017, an unmatched blue chip franchise consisting of 25 issuers in the EURO STOXX 50® benchmark and a strong diverse domestic and international client base.
Euronext operates regulated and transparent equity and derivatives markets. Its total product offering includes Equities, Exchange Traded Funds, Warrants & Certificates, Bonds, Derivatives, Commodities and Indices. Euronext also leverages its expertise in running markets by providing technology and managed services to third parties. In addition to its main regulated market, Euronext also operates Euronext Growth™ (formerly known as Alternext) and Euronext Access™ (formerly known as the Free Market). 

For the latest news, find us on Twitter (www.twitter.com/euronext) and LinkedIn (www.linkedin.com/euronext).

Disclaimer
This press release is for information purposes only and is not a recommendation to engage in investment activities. This press release is provided “as is” without representation or warranty of any kind. While all reasonable care has been taken to ensure the accuracy of the content, Euronext does not guarantee its accuracy or completeness. Euronext will not be held liable for any loss or damages of any nature ensuing from using, trusting or acting on information provided. No information set out or referred to in this publication may be regarded as creating any right or obligation. The creation of rights and obligations in respect of financial products that are traded on the exchanges operated by Euronext’s subsidiaries shall depend solely on the applicable rules of the market operator. All proprietary rights and interest in or connected with this publication shall vest in Euronext.

This press release speaks only as of this date. Euronext refers to Euronext N.V. and its affiliates. Information regarding trademarks and intellectual property rights of Euronext is located at www.euronext.com/terms-use.

© 2017, Euronext N.V. - All rights reserved.