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NYSE Euronext lance le Retail Matching Facility, un nouveau service d'appariement pour particuliers

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Retail investors to benefit from improved execution prices on European Equities trades on a fully transparent facility

Amsterdam, Brussels, Lisbon and Paris - 15th October  2012–  NYSE Euronext (NYX) today announced the launch of a Retail Matching Facility (RMF) on its European regulated cash markets, a new service which enables Retail Liquidity Providers to offer price improvements to retail investors. This initiative, which meets all pre- and post-trade MiFID requirements, will be available as of mid- January 2013.

NYSE Euronext member banks and brokers can execute their retail order flow via the Retail Matching Facility (RMF) against new price improving liquidity provided by Retail Liquidity Providers.  Furthermore, they will not be required to invest in new connections as they will be able to use their existing access to the European regulated cash markets. The liquidity providers will be required to be present at the European Best Bid and Offer spread 95% of the trading day.

Alicia Suminski, Head of Market and Product Development, European Equity Cash and Derivatives, NYSE Euronext said “The aim of NYSE Euronext’s Retail Matching Facility is to promote a more competitive, transparent environment for retail investors  than they currently achieve through bilateral, internal arrangements with intermediaries.”

Retail investors’ orders will be eligible to trade with both Retail Liquidity Providers, whose role will be to provide buy and sell quotes in the RMF, and NYSE Euronext’s central order book. The Retail Liquidity Providers will trade with the retail orders exclusively according to the ordinary price-time priority principle, in full competition with other Retail Liquidity Providers and the central order book itself.  If the Retail Liquidity Providers’ quotes are not competitively placed then the retail investors’ orders will automatically trade with NYSE Euronext’s central order book thus preserving its order flow diversity.  All RMF transactions are regulated market transactions and will be identified appropriately. Additionally, in order to be pre-trade transparent, Retail Liquidity Provider quotes will be broadcast.

The Retail Liquidity Programme is open to all eligible NYSE Euronext members, ensuring absolute neutrality, and is highly competitive thanks to a selection process.

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About Euronext 
Euronext is the leading pan-European market infrastructure, connecting European economies to global capital markets, to accelerate innovation and sustainable growth. It operates regulated exchanges in Belgium, France, Ireland, Italy, the Netherlands, Norway and Portugal. With nearly 1,900 listed issuers and around €6.3 trillion in market capitalisation as of end September 2024, it has an unmatched blue-chip franchise and a strong diverse domestic and international client base. Euronext operates regulated and transparent equity and derivatives markets, one of Europe’s leading electronic fixed income trading markets and is the largest centre for debt and funds listings in the world. Its total product offering includes Equities, FX, Exchange Traded Funds, Warrants & Certificates, Bonds, Derivatives, Commodities and Indices. The Group provides a multi-asset clearing house through Euronext Clearing, and custody and settlement services through Euronext Securities central securities depositories in Denmark, Italy, Norway and Portugal. Euronext also leverages its expertise in running markets by providing technology and managed services to third parties. In addition to its main regulated market, it also operates a number of junior markets, simplifying access to listing for SMEs.  
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