Trade Confirmation System

Euronext’s trade confirmation system (TCS) is used for the publication and reporting of transactions made outside a regulated market, in all instruments (equities, ETFs, warrants, certificates and bonds) listed on Euronext Cash Markets and, more generally, for other regulated market trades, such as negotiated deals, block trades and volume weighted average price (VWAP) trades.

It is also the tool used for our pan-European Transaction Reporting Service and Trade Publication Service, which cover transactions executed outside a regulated market or MTF on European equities.

The TCS platform is available to all Euronext European Cash Market members, and can also be accessed using a web based application called TCS-Web or via the Internet portal e-TCS. Both agreements can be donwloaded from the TCS Agreements box in the right rail of this page