Euronext UK secures RIE status (original) (raw)

Euronext UK secures RIE status Euronext, the European stock market operator being spun off by IntercontinentalExchange, says its London based entity, Euronext UK Markets Limited, has been declared a recognised investment exchange (RIE) by the Financial Conduct Authority. http://www.ftseglobalmarkets.com/

Euronext, the European stock market operator being spun off by IntercontinentalExchange, says its London based entity, Euronext UK Markets Limited, has been declared a recognised investment exchange (RIE) by the Financial Conduct Authority.

The business will operate Euronext's London market and look to attract international issuers looking to list in the UK capital while enjoying access to Euronext’s other markets in Belgium, France, the Netherlands and Portugal.

By listing in London, issuers’ securities are traded on Euronext’s Universal Trading Platform (UTP) that connects its European securities markets, representing Europe’s largest cross-border equity exchange.

Lee Hodgkinson, head of markets and global sales, Euronext and chief executive officer of Euronext London, says: “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."

IntercontinentalExchange is seeking to spin off Euronext after acquiring the exchange through its purchase of NYSE Euronext in November.

Last week, a statement from the firm said that it is planning sell a 33% stake in Euronext to a group of institutional investors before an initial public offering (IPO).