Secure market for your ETFs

  • Euronext guarantees a high quality, secured market for your ETFs thanks to a reliable platform with strong safeguards ensuring liquidity and tight spreads even during high volatility periods
  • Efficient trading threshold are set up around the iNav (reference price), key tool to ensure high and consistent market quality
  • Trading shall be halted for at least 30 seconds if:
    • Executable price is 1.5% away from iNAV for ETFs based on developed European equity, government bonds and money market indices, or
    • Executable price is 3% away from iNAV for all other ETFs
  • As soon as an ETF is halted, we will have an automatic unhalt triggered by our Trading Engine every 30 seconds, with a maximum of 22 consecutive attempts. The Market Surveillance team will receive an alert in parallel to sort this out.
  • The team will also receive an alert if the level of the iNAV evolves too quickly between each level of iNAV (received every 15 seconds):
    • If delta is > 1,5% for developed European equity, government bonds and money market indices
    • If delta is > 3% for all others ETFs.
  • They will then check market makers contributions and will contact issuers if needed.