London – 4 June 2014 – Euronext, a wholly owned subsidiary of Intercontinental Exchange (NYSE: ICE), today announced that the London based entity, Euronext UK Markets Limited, has been declared a Recognised Investment Exchange (RIE) by the Financial Conduct Authority (FCA). Euronext UK Markets Limited will operate Euronext's London market, the aim of which is to attract international issuers looking to list in the UK capital while enjoying access to Euronext’s regulated, liquid and transparent markets.
Euronext’s London market enhances the visibility and prominence of its continental European listing and trading venues, while complementing Euronext’s other European securities markets. It offers international issuers the opportunity to list shares and depositary receipts on the Official List of the UK Listing Authority on a market which offers strong visibility and a broad investor base. By listing in London, issuers’ securities are traded on Euronext’s state-of-the-art Universal Trading Platform (UTP) that connects all its European securities markets, representing Europe’s largest cross-border equity exchange.
Dominique Cerutti, CEO of Euronext said: "With over €6 billion of equity securities traded daily on our markets, Euronext London is a logical entry point for international issuers wanting to access the deep liquidity found within our market. Today’s announcement strengthens the competitive position of Euronext's European markets and underscores our position as a leading capital raising centre. "
Lee Hodgkinson, Head of Markets and Global Sales, Euronext and CEO of Euronext London, said, “London is an important market for issuers and members alike and the recognition of Euronext UK Markets Limited as an RIE confirms our commitment to it as a leading international financial centre. Euronext London will help us to become a partner of choice for international companies looking to access Europe's capital markets."