Amsterdam, Brussels, Lisbon, London and Paris – 26 June 2017 – Euronext is pleased to announce that the U.S. Commodity Futures Trading Commission (CFTC)^[1] has confirmed its non-objection for Euronext to grant direct trading access to U.S. participants on the CAC 40® Dividend Index Futures and the AEX® Dividend Index Futures.

Effective 13 June 2017, Euronext participants and investors domiciled in the U.S. now have direct trading access to Dividend Futures on these two blue-chip European indices.

After achieving 100% growth in volumes traded in 2016^[2], the CAC 40 Dividend Index Future continues to reach new trading milestones in 2017. From January to May 2017, the number of contracts traded was up by nearly 200% with around 230,000 lots traded. In June, open interest also reached a new record with around 115,000 lots, representing 56% growth. The increasing number of investors that use CAC 40 Dividend Index Futures to hedge dividend risk, or capture upside potential, has significantly improved the contract’s liquidity, demonstrated by this positive trend.

Nicolas Certner, Head of Forward Trading Europe at BNP Paribas, said: “BNP Paribas has been involved in the CAC dividend index contract launch, and market maker on screen daily since the early stage of the contract life. As a top player on the CAC 40 Dividend Index Future, we believe the recent opening to the US investors constitutes a major milestone in its development. BNP Paribas will strive to improve liquidity even more going forward.”

Lee Hodgkinson, Head of Markets and Global Sales at Euronext, added: “We are delighted to provide U.S. based investors with access to new trading opportunities in our Dividend Index Future franchise. The recent volume records on our CAC 40 Dividend Index Future contract show increased interest with new users emerging from both the sell side and buy side. We will continue to support our clients with the solutions they need to adapt and grow their businesses.”

• IPO of the European leader in vehicle leasing
• Largest listing in Paris since 2015—and largest in Europe in 2017 to date based on market capitalisation
• A market capitalisation of around €5.78 billion and a total offer size of around €1.16 billion

Paris – 16 June 2017 – ALD, a global leader in full service vehicle leasing and fleet management services, today celebrated its listing in compartment A of Euronext Paris’ regulated market. This is the largest IPO in Paris since 2015 and marks a return to large-scale listings on the French market. ALD will trade under ticker code ‘ALD’.

A Société Générale subsidiary, ALD operates at all stages of the vehicle leasing value chain, offering innovative car rental solutions to corporate and private customers. The company directly manages over 1.4 million vehicles in 41 countries across 4 continents thanks to its 6,000 employees. Having first specialised in fleet management services to corporate clients, ALD is now offering a wide range of mobility services, notably to private customers. ALD is also developing in emerging markets such as Russia, China or, more recently, Latin-America.

ALD was listed through the admission to trading on 16 June 2017 of 404,103,640 shares including 80,820,728 existing shares sold by Société Générale, representing 20% of ALD’s capital. The offer includes an over-allotment option for up to 12,123,109 additional shares sold by Société Générale which can, in the event of an exercise in full, increase the share in ALD’s capital sold by Société Générale up to 23%.

The offering price was set at €14.30 per share. The resulting market capitalisation was close to €5.78 billion on the day of listing, and the total amount of the offer represented €1.16 billion (before the potential exercise of the over-allotment option). 

Mike Masterson, CEO of ALD, said: “I am delighted with the success of ALD's IPO. This is an important milestone in the Group history. ALD's constant focus on operational excellence, innovation and customer service has been instrumental in its success over the years, and I am confident that the visibility gained through the IPO will help the company reinforce its ties with its partners and customers. ALD’s listing will provide extra flexibility to accelerate our expansion and enhance our position as a global leader in the provision of mobility solutions. I look forward to continuing the journey of ALD’s development together with our engaged and talented staff and management team.”

_{About ALD
ALD is the operational leasing and fleet management business line of Societe Generale the largest providers in Europe and a company of reference on its market:}

• _{Operates directly in 41 countries,}
• _{Employs over 6,000 people,}
• _{Manages 1.41 million vehicles (at 31 March 2017).}

_{Combining professionalism and quality of services provides companies with value-added integrated solutions at both national and international levels.
ALD is listed in the Paris stock exchange (Isin: FR0013258662)
For more information, you can follow us on LinkedIn or visit www.ALDAutomotive.com.}

Brussels, 14 June 2017 – Euronext today celebrated the listing of Balta Group NV, a European market leader in soft flooring, on its Brussels market (Compartment B). Balta enters the top ten of household goods and home construction companies listed on Euronext for market capitalisation. This transaction is the largest IPO on Euronext Brussels since 2014.   

Balta is a leading manufacturer of textile floor coverings, selling to over 135 countries worldwide. The Balta divisions are Balta Rugs (woven area rugs), Balta Residential Carpets & Tiles (under the brands Balta and ITC), Balta Commercial Carpets & Tiles (under the brands modulyss, Arc Edition and Bentley), and Balta Non-Woven (under the brand Captiqs). With the addition of Bentley, Balta employs over 3,600 FTEs in 9 manufacturing sites and in distribution centres in Belgium, Turkey and the United States.

With a final offer price of € 13.25 per share, Balta’s total offering size, including the existing shares sold by the selling shareholder, amounts to approximately €204 million. With a total of 35.9 million shares admitted to trading, Balta (ticker: BALTA) has an initial market capitalisation before opening of € 476.2 million.

The proceeds of the IPO will be used to reduce the company’s leverage by redeeming existing debt.

Tom Debusschere, CEO of Balta, said: “Balta’s IPO is an exciting milestone in the 53-year history of the group. Our ambition is to continue our transformation into a leading global player in decorative rugs and soft flooring. Our listing on Euronext Brussels is a major step in the realization of our objectives as it will allow us to continue the virtuous cycle of ever faster design and innovation and will strengthen our position to further support the international growth of the company. We strongly believe that this will benefit our customers, employees and shareholders.”

To celebrate Balta’s first trading day, the company’s management team rang the bell to open the markets at Euronext Brussels. 

• Renewal of the Euronext Reference Shareholders Agreement expiring on 20 June 2017 for a further period of two years
• New reference shareholders group accounting for 23.86% of Euronext’s share capital
• Supervisory Board representation maintained with one third of the Supervisory Board seats

Amsterdam, Brussels, Lisbon, London and Paris – 13 June 2017 – Euronext received today the information that the group of Reference Shareholders (RSH), holding 33.36% of its share capital, has decided to extend an amended version of their RSH Agreement. This agreement dated 3 June 2014 was due to expire on 20 June 2017, and is now extended for a further period of two years commencing on 21 June 2017.

Eight RSH will adhere to such extension, now accounting for 23.86% of Euronext’s share capital. The new Reference Shareholders group has agreed to a new lock-up period of two years commencing on 21 June 2017 and expiring on 20 June 2019. The Supervisory Board representation of the Euronext RSH will be maintained, as the RSH, acting jointly, will retain their right to nominate one third of the Supervisory Board seats (3).

Euronext has also been informed that the lock-up of the current Reference Shareholders Agreement has been waived in favour of BNP Paribas and Société Générale in order to enable them to sell down in a coordinated manner their excess stakes in Euronext representing approximately 4.4 million Euronext shares, totalling to approximately 6.3% of Euronext’s share capital.

The new group of reference shareholders comprises:

In addition to the renewed RSH Agreement, the Letter Agreement of 4 June 2014 between Euronext and its RSH, as supplemented on 25 March 2015, has been amended and extended. The focus of the revised Letter Agreement dated 13 June 2017 is to strengthen the regular dialogue between Euronext and its RSH, addressing the following main topics:

• the right of the Euronext RSH to retain one third of the Supervisory Board seats (3);
• the use by the Euronext Boards of the delegated authorities for the issuance / repurchase of shares, with the possible exclusion or restriction of pre-emption rights (for more detail, see the Appendix);
• the process of communication between Euronext and the Euronext RSH, which includes periodical meetings on topics including strategy, governance and financing structure; and
• the involvement of the Euronext RSH in the selection procedure in case of any vacancies for the CEO, the COO or Supervisory Board positions.

Rijnhard van Tets, Chairman of the Supervisory Board of Euronext N.V., said: “The new RSH Agreement maintains a core group of long-term, pan-European shareholders committed to support the growth strategy of Euronext. The reduction of the number of shares held by the RSH will increase Euronext’s free float. We want to take this opportunity to thank the RSH and their Committee of Representatives for their continuing support since the IPO of our company in June 2014.”

Paris – 12 June 2017 – Euronext today welcomed Antalis International, the European leader distributor of Papers, Packaging products, and Visual Communication materials, to compartment B of Euronext’s regulated market in Paris.

Antalis not only distributes a wide selection of papers used in printing and business communications, it also offers packaging products and solutions used to protect goods during storage and transportation. The company also sells a range of visual communication materials (posters, advertising campaigns and interior decoration of spaces of professional and private spaces). Present in 43 countries in Europe, Latin America, Southern Africa and Asia-Pacific, the group serves 130,000 printers and corporate clients through 118 distribution centres.

Antalis (ticker code: ANTA) was admitted to trading on 12 June 2017 by the direct listing of 71,000,000 shares. The technical reference price was set at €3 per share. The company’s market capitalisation on the day of listing was around €213 million.

Antalis CEO Hervé Poncin said “The listing of Antalis International on Euronext Paris is a milestone for our group, boosting our visibility and our image. It will help us continue to strengthen our company’s existing positions, particularly in our strategic Packaging and Visual Communications business sectors.”

_{About Antalis
Antalis, a subsidiary of Sequana, is the European leader and the first global group (excluding the USA) specialised in B2B distribution of paper and packaging solutions, and one of first top three distributors of visual communication products for professionals. It reported a 2016 revenue of €2.5 billion and its 5,600 employees serve around 130,000 clients, notably companies and printers, in 43 countries. Through its 118 distribution centres, Antalis makes over 14,000 deliveries a day around the globe and distributed 1.5 million tons of paper in 2016.}

Successful TechShare IPO:  €39.8 million raised, market capitalisation around €109 million

Paris – 9 June 2017 – Euronext today welcomed Balyo (ticker code: BALYO), a business specialised in the automation of handling trucks, to compartment C of its regulated market in Paris. Balyo is the second company to list after taking part in Euronext’s pan-European TechShare programme, launched in 2015.

Member of the first TechShare promotion, Balyo benefited a 12-month programme aimed at familiarising participants on the role and functioning of financial markets. This training course enabled the company to assess its listing opportunity on the stock market, in order to reach a new milestone in its development. Balyo joins the 330 tech companies already listed on the Euronext markets.

Balyo transforms standard forklift trucks into stand-alone intelligent robots using its proprietary Driven by Balyo™ technology. The geoguidance navigation system developed by Balyo allows material handling trucks to locate their position and navigate autonomously inside buildings. Within the automated handling vehicles sector, Balyo has signed two strategic partnerships with leading materials handling equipment manufacturers—Kion Group AG, parent company of Linde Material Handling, and Hyster-Yale. Balyo is present in three key geographical areas—America, Europe and Asia-Pacific, and reported 2016 sales of €5.2 million. In 2017, Balyo aims to raise its turnover by more than €15 million. 

Balyo was listed through the admission to trading on 9 June 2017 of 26 449 803 shares, including 9 682 301 new shares issued through a Global Offering^[1], including extension option and excluding over-allotment option.

The offering price was set at €4.11 per share. Market capitalisation was around €109 million on the day of listing, and the transaction raised a total of around €39.8 million. 

Fabien Bardinet, Chairman and CEO of Balyo, said “Today we are very pleased to announce our successful initial public offering on Euronext Paris, and at this time we would like to thank all the shareholders and French and international institutional investors who have placed their trust in us with this transaction. Reaching this milestone for Balyo will enable us to maintain our technological lead and accelerate our international development to become a key global player in robotics for the material handling industry.”

Amsterdam - 8 June: Euronext today announced the results of the quarterly review of the AEX®, AMX® and AScX® indices. The changes due to the review will be effective from Monday 19 June 2017.

Results of the June 2017 Review

AEX®:

No changes.

AMX®:

AScX®:

The compiler retains the right to change the published selection, for instance in case of a removal due to a take-over, till the publication of the final data after close of Wednesday 14 June 2017.

All events happening after that date will not lead to a replacement of the selected company that possibly needs to be removed from the final selection.

Review AEX family

The AEX family is reviewed quarterly in June, September and December. The full annual review is in March. The quarterly reviews serve to replace removed constituents and to facilitate inclusion of recently listed companies.

Brussels, 8 June 2017 – Euronext today announced the results of the quarterly review of the BEL 20®, BEL Mid® and BEL Small®. The changes will be effective from Monday 19 June 2017.

BEL 20®

No changes

BEL Mid®

BEL Small®

The compiler retains the right to change the published selection, for instance in case of a removal due to a take-over, till the publication of the final data after close of Wednesday 14 June 2017. All events happening after that date will not lead to a replacement of the selected company that possibly needs to be removed from the final selection.

Review BEL 20®, BEL Mid® and BEL Small®

The BEL family is reviewed quarterly (March, June, September, December). The full annual review is in March. The June, September and December reviews serve to include new entrants in case the index consists of less than the standard number of constituents and to facilitate inclusion of highly ranked non-constituents, for example recently listed companies. 

Lisbon - 8^th June 2017 - Euronext today announced the results of the quarterly review of the PSI 20®

Index, effective from Monday 19 June 2017.

Results of the Quarterly Review

No changes in the composition of the index.

The compiler retains the right to change the published selection in case of mergers, take-overs, suspension or resumption of trading till the publication of the final data after close of Wednesday 14 June 2017.

All events happening between this publication and the review effective date will be treated in accordance with chapter 6 of the rulebook.

Review PSI 20®

The PSI 20® is reviewed quarterly  (June, September, December). The full annual review is in March. The June, September and December reviews serve to facilitate inclusion of recently listed companies and to replace removed constituents.

For more information on the composition, regulation and issuance of the PSI 20®:

www.euronext.com/pt-pt/indices/index-rules

Paris – 8^th June 2017 –  Euronext today announced the results of the quarterly reweighting of the CAC family indices, which took place after close of the markets on Thursday 8^th June 2017. The changes following the review will be effective from 19 June 2017.

Results of the Quarterly Review

CAC 40® Index:

No changes in composition.

CAC® Next 20 Index:

No changes in composition.

CAC® Large 60 Index:

No changes in composition.

CAC® Mid 60:

No changes in composition.

SBF 120® Index:

No changes in composition.

CAC® Small:

In accordance with section 5 of the rules.

CAC® Mid and Small Index:

In accordance with section 5 of the rules.

CAC® All-Tradable Index:

In accordance with section 5 of the rules.

Next Index Steering Committee Review: 7 September 2017

For more information on the composition, regulation and issuance of the CAC family indices: www.euronext.com/en/products/indices/FR0003500008-XPAR/market-information

According to the Indices Rules (Section 5.4), the compiler retains the right to change the published selection, for instance in case of a removal due to a take-over, till the publication of the final data after close of Wednesday 14 June 2017.

All events happening after that date will not lead to a replacement of the selected company that possibly needs to be removed from the final selection.

€11.5 million raised; market capitalisation above €37 million

Paris – 7 June 2017 – Euronext today welcomes Valbiotis, a company specialised in research and development in medical nutrition, to its Euronext Growth[1] market in Paris.

An innovative company based in La Rochelle, Valbiotis develops nutrition solutions to prevent cardio metabolic diseases and provides nutritional support for affected patients. Its plant-based products are scientifically and clinically developed for manufacturers in the agro-food and pharmaceutical industries. The company works alongside academic research centres of excellence to help fight against diabetes, obesity, cardio-vascular disease and non-alcoholic steato-hepatitis (NASH).

Valbiotis (ticker code: ALVAL) was listed through the admission to trading on June 7, 2017 of 3 547 936 shares including 1 095 238 new shares issued through a Global Offering^[2] including the extension option.

The offering price was set at €10,5 per share. Market capitalisation was above €37 million on the day of listing, and the transaction raised a total of €11.5 million. 

Sébastien Peltier, Chairman and CEO of Valbiotis, said: “We are very proud to announce our successful listing today on Euronext Growth, and would like to thank all of the shareholders and investors—French and international individuals and institutions—that have given us their trust and support. Listing is a key step in our development, and the funds raised will enable Valbiotis to step up the pace of its pre-clinical and clinical programs. We will also be able to bring our technical platform and external partners in-house, and accelerate our search for partnerships with leading players in the pharmaceutical and food industries.”

Euronext is now Europe’s leading stock exchange for the listings of European technology companies, covering a wide range of sectors from digital to software, media and eco-industries. With today’s listing, Valbiotis joins the family of 81 life sciences SMEs already listed on Euronext, which together represents a total capitalisation of nearly €13  billion. 

Amsterdam, Brussels, Lisbon, London and Paris – 6 June 2017 – Euronext, the leading pan-European exchange in the Eurozone, today announced trading volumes for May 2017.

• The May 2017 average daily transaction value on the Euronext cash order book stood at €8,471 million, up +42.8% compared to May 2016 and stable (+0.2%) from the previous month. The average daily transaction value on ETFs was €548 million, up +22.5% compared to May 2016 and steady from the previous month. Our ETF offering remained stable this month with 809 listings at the end of May compared to 790 end of 2016.
• The average daily volume on equity index derivatives reached 222,863 contracts in May 2017, up +14.1% compared to May 2016 and down -18.1% from the previous month. The average daily volume on individual equity derivatives reached 260,315 contracts in May 2017, up 39.0% compared to May 2016 and relatively stable (-1.5%) from the previous month.
• In May 2017, the average daily volume on commodities derivatives reached 34,968 contracts, down by -10.1% compared to May 2016 and down -42.7% from the previous month.
• On a year-to-date basis, the overall average daily volume on Euronext derivatives stands at 531,605 contracts (+1.6% compared to end of May 2016) and the open interest was up at 15,151,176 contracts (-3.5% compared to end of May 2016).
• In May 2017, Euronext had two new listings with VolkerWessels in Amsterdam and Prodways Group in Paris that altogether raised €633 million. In addition, €1.6 billion were raised on Euronext in corporate bonds and €2 billion of follow-on equity.

Euronext monthly activity May 2017

Amsterdam, Brussels, Lisbon, London and Paris - 31 May 2017 – Today Euronext announces changes related to the Company’s Technology and Operations leadership.

After three years dedicated to building Euronext as an independent market infrastructure since the IPO in June 2014, Jos Dijsselhof, member of the Managing Board and Chief Operating Officer, has decided to leave Euronext as of 30 June 2017.

Alain Courbebaisse will join Euronext on 7 June as Chief Information and Technology Officer and will report to Stéphane Boujnah, CEO and Chairman of the Managing Board.

On top of his current responsibilities Maurice van Tilburg, member of the Managing Board and CEO of Euronext Amsterdam, will become Head of Market Operations in charge of Euronext Market Services.          

“I am pleased that Alain has agreed to join Euronext. As we deploy our Agility for Growth strategic plan, driven by IT projects and business initiatives, Alain will bring his long-term IT experience in the finance industry. He will be a significant asset in the successful delivery of Optiq®, our new trading platform, and will be instrumental in preparing the next stages of Euronext’s infrastructure. On behalf of the Managing Board, I would like to thank Jos for his contribution to Euronext in building the fundamentals of our independent IT platform,” said Stéphane Boujnah, CEO and Chairman of the Managing Board of Euronext NV.

_{Notes to Editors:
Alain Courbebaisse has spent the last 18 years working at Societe Generale in Paris, London, Chicago and New York. Before the integration of Newedge into SG, Alain was the Global CIO of Newedge in charge of all the technology dimensions of the company, and he was a member of the Newedge Group Executive Committee. Since the integration of Newedge into SG in 2014, Alain has been in charge of the Prime Brokerage and Clearing business line and Head of Sales for Prime Services for SG Americas.}

• Acquisition of FastMatch, Inc. (“FastMatch”) – the fastest growing Electronic Communication Network (“ECN”) in the spot Foreign Exchange (“FX”) market with leading-edge technology, entrepreneurial spirit and access to a large, transparent and diversified pool of liquidity at unrivalled speed and capacity. After four years of consecutive growth, in Q2 to date FastMatch registered record ADV of $20.8 billion.
• Key highlights of the transaction:

• Acquisition of a c.90% interest in FastMatch for initial cash consideration of $153 million at closing (on a debt-free cash-free basis), a contingent earn-out payment for an additional $10 million and customary minority rights for the management of FastMatch that will remain committed to the development of the business and stay invested with a c.10% interest.
• Fully financed acquisition through bank debt (pro-forma net leverage below 0.1x), transaction to maintain Euronext’s ability to pursue other external growth opportunities and will be immediately accretive to Euronext’s earnings.
• Subject to customary regulatory and anti-trust approvals and expected to close in Q3 2017.
• Enabling further growth potential through development in Europe, market data, and derivative products.

• Transaction to strengthen Euronext’s product and geographic diversification and accelerate growth profile:

• Combining FastMatch’s leading-edge technology, entrepreneurial spirit and talent with Euronext’s network, brand, neutrality and industry positioning.
• Consistent with Euronext’s “Agility for Growth” strategy: capturing opportunity arising from the environment, accelerating growth through bolt-on acquisitions, enhancing agility and strengthening core offering of servicing the real economy.

Amsterdam, Brussels, Lisbon, London and Paris – 23 May 2017 – Today, Euronext announces the acquisition of c.90% of FastMatch, Inc. for $153 million initial cash consideration. FastMatch’s management will remain invested with a c.10% interest, with minority rights. Closing is subject to regulatory and anti-trust approvals, and is expected to occur in Q3 2017.

This exciting bolt-on acquisition is part of Euronext’s strategy to actively leverage our balance sheet flexibility to capture value accretive opportunities and to accelerate growth and diversification of our revenue base in line with our strategic plan ambitions. As such, the investment in FastMatch will not consume any resource dedicated to the deployment of our Agility for Growth initiatives (€100 to €150 million), which remains a key priority for Euronext.

This transaction establishes Euronext’s presence in the FX segment (the largest market globally), diversifies Euronext’s top line, accelerates its growth profile and allows the group to extend its “best execution” value proposition to an additional asset class. This transaction will meet Euronext’s key quantitative criteria as set out on 13 May 2016 at Investor Day (i.e., ROCE > WACC within year 3), and will be immediately EPS accretive without factoring in any synergies.

“The acquisition of FastMatch breaks new ground for Euronext, through expansion into the FX market which is the world’s largest traded asset class. This will broaden the spectrum of products we provide to capital market users, whilst meaningfully diversifying our revenue and creating long-term value and growth for customers and shareholders. The combination of FastMatch’s in-depth FX expertise, leading technology platform, diverse customer base and entrepreneurial spirit with Euronext’s scale, strength and credibility, will position Euronext as a trustworthy infrastructure provider servicing a market where participants are increasingly looking for transparency, reduced capital costs, cutting-edge trading and long-term clearing solutions. The transaction is consistent with our disciplined approach to M&A and our Agility for Growth strategic plan announced on 13th May 2016, including our goal of attracting the best talent and entrepreneurs”, said Stéphane Boujnah, Chairman and CEO of the Managing Board of Euronext NV.

Dmitri Galinov, Founder and CEO of FastMatch commented: “We are very excited to become part of Euronext, an exchange group on the frontline of innovation and agility in the industry. Together, we will accelerate our vision of bringing transparency, best-in-class technology and execution to FX markets globally. Our superior technology will serve as catalyst to Euronext’s strategic ambitions in growing into the FICC in Europe.”

Strategic Rationale

The G20 post-credit crisis response has created a regulatory drive for Over-The-Counter (“OTC”) and dark trading towards transparent, neutral and centrally cleared markets. New capital requirements further underpin an urgent need for greater efficiency and deep structural change of the OTC landscape. Nowhere is this more relevant than in the $5.1 trillion daily foreign exchange market. This new environment, driven by regulatory changes and the client’s need for more transparency and efficiency has resulted in a clear trend of electronification of spot FX trading where 66% of trading in 2016 was electronic, growing from 55% in 2010.

FastMatch is a disruptive institutional FX ECN providing customers access to large pools of diversified spot FX liquidity at unparalleled speed. With colocation in three data centers (London, New York and Tokyo), FastMatch offers clients the fastest, most scalable and versatile technology available in the market.

FastMatch’s cutting-edge proprietary technology offers its established client base, many Tier-1 banks, non-bank market makers, broker-dealers, asset managers and hedge funds, unparalleled execution capabilities (>10x lower latency versus most peers), state-of-the-art smart order routing and highly customizable liquidity pools. FastMatch’s superior technology allows it to operate with a highly efficient cost structure which in turn gives it the strategic flexibility to competitively price its best-in-class product offering.

Since it was established in 2012 by Credit Suisse and FXCM, FastMatch has been able to establish a sizeable position in the ECN space. Since 2015, FastMatch has more than doubled its market share, growing Average Daily Volume (“ADV”) by 52% in 2016, whilst achieving technological and operational independence from Credit Suisse and FXCM. In Q1 2017, FastMatch’s ADV grew by 61% Year-over-Year to $17.7 billion ADV in a relatively flat volume environment with significant market share gains.

Further Growth Opportunities

Euronext will bolster FastMatch’s European presence through increased access to institutional clients across Europe. Additionally, the roll-out of real-time and historical data products will be pursued in the short-term. In the mid-term, FastMatch and Euronext will aim to achieve presence in the FX derivatives space.

Financial Impacts

The total consideration to be paid at closing by Euronext is $153 million for c.90% of the share capital (on a debt free cash free basis), with a $10 million contingent earn-out. The management will remain invested with a c.10% ownership post-closing with minority rights.

As of Q1 2017, FastMatch generated $5.8m revenue, up 48.8% compared to Q1 2016, and $2.4 million EBITDA (41.0% margin), 3.6x the EBITDA of Q1 2016.

The transaction will be funded through debt facilities. Post-transaction, Euronext’s net leverage ratio pro- forma will remain below  0.1x based on EBITDA 2016 and net debt as of 31 March 2017 (pro forma the acquisition), well below most of its peers, providing significant headroom for further topline diversification.

The transaction will be immediately accretive to Euronext’s earnings and mid-single digit EPS accretion is expected in the medium-term before synergies. The transaction is fully consistent with Euronext’s disciplined M&A policy and will accelerate the growth profile of the group.

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. Euronext operates regulated markets, Alternext and the Free Market; in addition it offers EnterNext, which facilitates SMEs’ access to capital markets.
For the latest news, find us on Twitter (twitter.com/euronext) and LinkedIn (linkedin.com/euronext).

About FastMatch

FastMatch is a new Electronic Communication Network for foreign exchange trading. FastMatch strives to offer its customers access to large pools of diversified liquidity at unparalleled speed with complete transparency in the optimal location.

Its award winning technology gives FastMatch an important speed advantage and has the capability of handling thousands of clients simultaneously. Clients include retail brokers, institutions, banks, hedge funds, and proprietary trading firms.

Advisors

Jefferies LLC is acting as exclusive financial advisor to FastMatch and WilmerHale as legal advisor. Euronext was advised by Watson Farley & Williams and Rosenblatt Securities Inc.

Amsterdam, Brussels, Lisbon, London and Paris – 19 May 2017 – Today Euronext announced its results for the first quarter 2017.

• Resilient quarter despite lighter trading volumes:
  
  • Stable revenue: +0.1%, to €126.6 million (Q1 2016: €126.5 million). Strong listing business (+33%) and efficient yield management mitigated lower trading volumes (average trading volumes decreased by -15.9% vs Q1 2016 for cash products and by -8% for derivatives).
  • Increase in operational expenses, excluding depreciation and amortization, driven by IT projects and business initiatives related to “Agility for Growth”: +2.6%, to €56.1 million (Q1 2016: €54.7 million).
• Slight decrease in EBITDA, at €70.5 million (Q1 2016: €71.8 million), representing an EBITDA margin of 55.7% (Q1 2016: 56.8%)
• Growth initiatives related to the “Agility for Growth” strategic plan generated €1 million of revenue and €1.8 million of costs in Q1 2017
• Introduction of a floor in the current dividend policy to deliver a minimum shareholder remuneration

“Once again, Euronext proved the resilience of its business model with stable revenue and a strong EBITDA in the first quarter of 2017, despite trading reduced volumes year over year. The deployment of our strategic plan is gathering pace, and I am extremely proud to announce two developments that show our commitment to deliver value to shareholders and clients. Firstly, through the long-term agreement negotiated with ICE Clear Netherlands, Euronext secured similar financial benefits to those of the current agreement with LCH Clearnet SA, while significantly improving the client value proposition for the clearing of its derivatives products. Second, the introduction of a floor in our dividend policy will provide shareholders with a minimum return and reduce any possible dividend volatility,” said Stéphane Boujnah, Chairman and CEO of the Managing Board of Euronext NV.

_{Financial calendar
2^nd quarter 2017 results                                         28 July 2017
3^rd quarter 2017 results                                          8 November 2017}

• Market names changed for simpler and clearer financing journey
• New compartment launched for start-ups and fast-growing SMEs
• Enhanced role for Listing Sponsors
• New market model to boost mid-cap liquidity, introducing ‘Euronext Block’ for SMEs

Brussels, Lisbon and Paris – 17 May 2017 – Euronext today announced several innovating measures to facilitate market access for mid-caps. The new measures will take effect on 19 June 2017, and confirm Euronext’s role as a financing partner for European businesses at each step of their development.

Simpler market names

Euronext market names will be changed for easier identification and definition of its listing and service offering towards issuers: 

• The Free Market will become Euronext Access, and will stand as the gateway for companies seeking simplified access to listing. Euronext Access is fully integrated into Euronext’s commercial offering.
• Alternext will become Euronext Growth, a market dedicated to mid-caps with listing requirements adapted to their specific needs. Euronext intends to register this MTF as an SME Growth Market as provided for in MIFID II.
• Euronext (compartments A, B and C) will remain the group’s regulated market, and operate with no changes.

A springboard to listing for start-ups and fast-growing SMEs

Euronext is opening a new compartment called Euronext Access+. Designed for both start-ups and SMEs, Euronext Access+ will help them make a smooth transition and acclimatisation to other Euronext markets, notably in terms of investor communications and transparency. This new compartment, which is part of Euronext Access, will be a springboard to other Euronext markets. Companies admitted to trading on Euronext Access+ will be given additional assistance and their shares will benefit from greater visibility.

Companies can apply for listing on this new compartment as long as they comply with the following criteria:

• financial statements covering at least two years, including audited accounts for the previous year
• €1 million minimum float,
• obligation to have a Listing Sponsor, starting with listing and continuing throughout the market experience, and
• commitment to regularly communicate towards the market.

Enhanced role for Listing Sponsors

Euronext is strengthening the role played by Listing Sponsors to further improve the involvement and support available to mid-caps as they list:

• Appointment of a Listing Sponsor for companies making their market debut on any of Euronext’s markets (Euronext Growth, Euronext Access, including its Euronext Access+ compartment) will be mandatory.
• Listing Sponsors will continue to advise companies listed on Euronext Growth and Euronext Access+ at all stages of their market experience. Listing Sponsors will be responsible for advising and assisting the listed company in their interactions with the market, in particular through investor meetings.

Innovative measures to promote trading of mid-caps

Euronext is launching a new market model dedicated to mid-caps and aimed at enhancing their liquidity.

• Starting 19 June, Euronext will introduce two daily call auctions — at 11.30 and 16.30 — for all mid-caps traded ‘at fixing’. The ‘Trading at Last’ phase will be extended allowing continuous trading at last price.
• Euronext will introduce a new randomisation mechanism to reduce volatility and ensure more secure price formation at auction.
• From July 2017, Euronext will offer an innovative block trading system for mid-caps as part of its Euronext Block[1] project.

Stéphane Boujnah, Chairman of the Managing Board and CEO, Euronext N.V., said: “Euronext’s mission is to power capital markets to finance the real economy. That means constantly adapting our exchanges and our  services in order to meet the needs of European companies. To make things simpler and clearer, we have decided to bring together all the exchanges we operate under a single brand and a single name: Euronext. Updating our brand identity is the outcome of discussions we initiated with stakeholders in the European financial centres where we operate. Any business grows by focusing on the next step in its development. We are convinced that Euronext’s exchanges and services offer excellent solutions for each step in financing the growth of European companies.”

Updated operating rules governing Alternext/Euronext Growth and Easynext/Euronext Access as well as the launch of Euronext Block are subject to the approval of regulators. Euronext Access and Euronext Growth will remain Multilateral Trading Facilities.  

For more information, visit our website at www.euronext.com/nextstep

€ 575 million raised, market capitalisation of approximately € 1,840 million

Amsterdam - 12 May 2017 – Euronext Amsterdam today welcomed Koninklijke VolkerWessels N.V. (ticker symbol: KVW), a leading integrated and diversified construction group. The listing follows the company’s successful Initial Public Offering (IPO), with a total offering of € 575 million.

The offering price was set at € 23.00 per share. Based on the offering price, the market capitalisation of the company on the day of listing was € 1,840 million.

VolkerWessels operates primarily in the Netherlands, the United Kingdom, North America and Germany and has leading positions in the markets it operates in. The company has an ecosystem of entrepreneurs and more than 120 local operating companies, with approximately 16,000 skilled employees. VolkerWessels practices a “think global, act local” mind-set. The majority of its annual 25,000 projects are locally sourced, small scale, with low complexity and high repetition, enabling a selective approach towards additional large, complex projects.

The listing on Euronext enables VolkerWessels to continue to build on its position as a market-leading construction company in its home markets.

Jan de Ruiter, chairman of the Management Board of VolkerWessels, said: “The listing of VolkerWessels at Euronext Amsterdam is another demonstration of the rich history of our company, the quality of our employees and the importance of our projects, both large and small. VolkerWessels will remain a financially solid company with an attractive dividend for shareholders and outstanding work for our clients. The listing further enhances our company awareness and the strength of the VolkerWessels brand.”

The chairman of VolkerWessels’ Management Board sounded the gong in Amsterdam to open today’s trading on Euronext’s markets.

_{About VolkerWessels
VolkerWessels is a leading integrated and diversified construction group with a “think global, act local” mindset. VolkerWessels’ operating model combines a local sales and client focus with a centralised control and support structure at divisional level that optimises scale and expertise across its operating companies. VolkerWessels prides itself in developing local companies who are leaders in their respective subsectors, supported by strong governance and shared expertise. VolkerWessels operates primarily in the Netherlands, the United Kingdom, North America and Germany. Operationally, its business is organised in six segments. In the countries in which VolkerWessels operates it has over 120 local operating companies, which have national and regional offices and management. For more information: www.volkerwessels.com.} 

Market capitalisation around €232 million on the day of the listing and the transaction amounted to a total of €51 million.

Paris – 12 May 2017 – Euronext today welcomed Prodways Group, specialist in industrial and professional 3D printing solutions in Europe, to compartment B of its regulated market Euronext Paris. Prodways joins the 330 technology companies listed on the Euronext pan-European markets and reflects this sector’s dynamism. Prodways’ initial public offering  has been particularly successful amongst retail investors who have committed around €51 million. This participation is a record for a small and mid-cap company since the creation of EnterNext in May 2013.

A subsidiary of Groupe Gorgé, a family-owned industrial group, Prodways is an integrated player that masters the entire 3D-printing value chain, from the manufacture of machines and associated innovative materials, to the design of parts on demand including small and large production runs. The company offers a wide range of 3D printing systems and manufactures accessories for sectors including aeronautics and healthcare, delivering turnkey solutions to its customers.

Prodways Group (ticker code: PWG) was listed through the admission to trading on 12 may 2017 of 48 237 529 shares including 10 570 192 new shares issued through a Global Offering¹.

The offering price was set at €4.80 per share. Market capitalisation was around €232 million on the day of listing based on the offering price, and the transaction raised a total of €51 million.

 “We are very pleased of the amazing reception dedicated to Prodways by French and international investors, and of the remarkable success of our initial public offering”, said Raphaël Gorgé, Chairman and CEO of Prodways Group. “Prodways is uniquely positioned as an integrated European player, and our aim is to become a world leader in industrial 3D printing.”

Amsterdam, Brussels, Lisbon, London and Paris – 4 May 2017 – Euronext, the leading pan-European exchange in the Eurozone, today announced trading volumes for April 2017.

• The April 2017 average daily transaction value on the Euronext cash order book stood at €8,458 million up +21.7% compared to April 2016 and up +14.4% from the previous month. Please note that April was the fourth consecutive month of volume increase and the best average daily transaction value since February 2016. Furthermore, 24 April was the most active day of the year with €15.9 billion traded. The average daily transaction value on ETFs was €549 million, flat compared to April 2016 and up +7.3% from the previous month. Our ETF offering remained stable this month with 809 listings at
• The average daily volume on equity index derivatives reached 272,141 contracts in April 2017, up +28.8% compared to April 2016 and up +19.6% from the previous month. Please note that 19 April was the most active day on equity index derivatives since December 2014 with 833,262 contracts traded of which 594,600 contracts of the CAC40® future, exceeding the previous 2017 record by 47.0%. The average daily volume on individual equity derivatives reached 264,189 contracts in April 2017, up +15.4% compared to April 2016 and up +3.3% from the previous month.
• In April 2017, the average daily volume on commodities derivatives reached 61,013 contracts, down by -13.8% compared to April 2016 and up +10.5% from the previous month.
• On a year-to-date basis, the overall average daily volume on Euronext derivatives stands at 535,173 contracts (-2.7% compared to end of April 2016) and the open interest was up at 14,862,210 contracts (+0.2% compared to end of April 2016).
• In April 2017, Euronext had two new listings: the technical admission of Veon Ltd and the IPO of German origin X-Fab Silicon Foundries SE that raised €440 million, adding to our Tech franchise €1 billion market capitalisation. In addition, €4.3 billion were raised on Euronext in corporate bonds and €10.6 billion of follow-on equity, of which a €1.4 billion rights offering by Amundi.

Euronext monthly activity April

• AXA IM, COMMERZBANK, ECOFI INVESTISSEMENTS, LA FRANÇAISE INVESTMENT SOLUTIONS, NATIXIS AM and OFI AM funds admitted
• Innovative model to facilitate investment in funds
• Service to open on 15 May 2017

Paris – 25 April 2017 – Euronext today announced the launch of Euronext Fund Service in Paris, an innovative and complementary solution for investing in open-end funds (UCITS^[1] and AIF ^[2]) registered or passported in France. It offers institutional and retail investors a simplified, automated cost-efficient subscription/redemption service to invest in funds through their brokers. Euronext Fund Service will be launched on 15 May 2017, starting with AXA IM, ECOFI INVESTISSEMENTS, NATIXIS AM and OFI AM funds. Other asset managers including COMMERZBANK and LA FRANÇAISE INVESTMENT SOLUTIONS will join Euronext Fund Services in the weeks following its launch.

Euronext Fund Service is designed to meet industry professionals’ needs for an easier and straight through processing access to funds. For asset managers, it will boost their funds’ visibility and facilitate their access to both domestic and international investors. Clients will be able to place orders for a range of international open-end funds through their broker, as they already do for other exchange tradable products.

Euronext Fund Service builds on new technologies developed by fintech companies, in particular robo-advisors seeking automated infrastructure solutions. Among other advantages, these new services are in line with the needs of new-generation investors, the “Millennials”, drawn by digital technologies.

Funds admitted to trading on Euronext Fund Service will benefit from enhanced visibility through data flows generated by Euronext. A partnership with Morningstar will also allow free access to a rich repository of fund data for selection and comparison on the Euronext website.

Orders placed through Euronext Fund Service will be at Net Asset Value in euros, transferred to the Fund Agent under the Euronext model. Fund Agents registered with Euronext are BNP Paribas Securities Services, CACEIS, CM-CIC Market Solutions and Société Générale Securities Services.

Stéphane Boujnah, Chairman and CEO of the Managing Board of Euronext NV, said: “We are delighted to launch this new service, which illustrates our flexibility and ability to meet a range of different demands, and we look forward to welcoming asset managers of all sizes from the very start. Designed in partnership with the financial community, Euronext Fund Service is an innovative offering that addresses asset managers’ needs for more digitalised and automated solutions. It will also help enrich the Euronext community as a whole.”