The non-displayed order book enabling to trade stocks at the mid-point of Euronext's Primary Best Bid and Offer and to remove the trading latency coming from dark pools of London-based MTFs.
Source liquidity in Dark and Lit trading pools thanks to Dark Mid-Point and Mid-Point Dark-Lit Sweep functionalities within Euronext's Central Order Book:
- Dark orders are pegged to the real-time mid-point of the Euronext BBO
- Dark-to-lit sweep orders interact with Euronext Central Order Book at zero latency
- No latency in mid-point computation, enabling lower market impact compared to London MTFs displaying mid-point with 7-8 milliseconds delay
- No implicit latency cost
- Under the Reference Price Waiver (RPW) for small trades, and Large-In-Scale (LIS) for blocks
- Minimum Acceptable Quantity (MAQ) and Minimum Execution Size (MES) are available to protect your execution
- Unique pool of liquidity fostered by local brokers and investors
Available on Euronext’s 7 main markets
Euronext Mid-Point Match has no latency, while London-based MTFs show 7-8 millisecond latency in importing Euronext Mid-Point prices.