Euronext - 2020 Universal Registration Document
Presentation of the Group
Description of the Business
The data is disseminated primarily via data vendors but also directly to financial institutions and other service providers in the financial sector. Over 400 vendors currently disseminate Euronext market data to approximately 139,000 screens in over 120 countries. During 2020 Euronext continued to see an increase in the use of Euronext’s data in automated trading applications, and a corresponding decrease in the number of users viewing data on traditional trading screens. Retail clients have access to data from Euronext’s markets through the Live. Markets section of the website Euronext.com or via retail brokers. During 2020, there has been a strong increase in the number of retail clients using Euronext data. Historical and Reference Data In addition to real-time market data, Euronext also provides daily summary, historical and analytical data services, as well as reference and corporate action data services. In 2018 Euronext launched an e-commerce platform that allows retail investors to buy data online directly from Euronext and launched further products via the platform in 2020 aimed at both professional and retail investors. Euronext has expanded in bonds and funds data, in bonds through the acquisition of Dublin, on funds Euronext acquired a funds data provider in July, OPCVM360, now renamed Euronext Funds360. Euronext Funds360 is a new generation data provider, specialising in funds (open-end investment funds, mutual funds, real estate funds, ETFs, etc .). Euronext Funds360 offers a series of fund data solutions and is used by an increasing number of major players in the asset management, insurance, fintech and financial media industries. 1.3.6.2 Advanced Data − Products and Services In 2019 Euronext launched Market Flow which shows a daily breakdown of trading flows on the cash orderbook. The new analytic products are based on Euronext proprietary data, anonymized and aggregated. These high value high price products have attracted strong interest and several major clients are already contracted, diversifying the client base. Euronext has new diverse sources of data to extract value from including, Oslo, Dublin, Euronext FX, and Commcise. Euronext has already codesigned a strong product pipeline with clients, to expand the current offering into new asset classes. Euronext will continue to invest in advanced data products and reinforce its quant team. Also in 2019 Euronext, in association with QuantInsight and Trendrating, launched alternative data products that enable Fund Managers to satisfy risk management and alpha generation requirements. Euronext continued to explore in 2020 new opportunities in this space. 1.3.6.3 Indices − Products and Services Euronext owns and operates a leading benchmark and strategy index franchise that measures different segments of the Euronext and other global markets, including AEX®, BEL 20®, CAC 40® , ISEQ® , PSI 20® and OBX® Indices. The Company also creates new proprietary indices generating added value for its market participants or to provide measurement tools for all types of investment categories
secured via bank guarantees or pledged cash and follows up, on a daily basis, that all members’ payments are executed in accordance with the settlement schedule. Over 2020, average daily day-ahead power traded was 2.52 TWh, and average daily intraday power traded was 0.07 TWh. Nord Pool offer platforms for power trading – day-ahead and intraday (continuous trading) – and clearing and settlement, compliance, transparency and data services, under one roof. Nord Pool deliver simple, efficient and securemulti-market power trading. A single integrated European energy market has been the agreed way forward from the EU Commission, and, as such, has been embraced by all stakeholders in the energy market. For the past 10 years Nord Pool has been a driver in all the large European power market integrations projects and initiatives. Today the key European market coupling development comprises two key projects with Nominated Electricity Market Operators (“NEMOs”), Transmission System Operators (“TSOs”) and National Regulatory Authorities (“NRAs”) participating – the SDAC (Single Day-Ahead coupling) and SIDC (Single Intraday Coupling). Nord Pool is, with seven other power exchanges, part of the Price Coupling of Regions cooperation, owning the European algorithm and system used for the SDAC. Nord Pool is themarket coupling operator for several interconnectors, meaning that it provides shipping services to help interconnectors regulatory obligations under EU Capacity Allocation and Congestion Management guidelines. 1.3.6.1 Market Data − Products and Services Euronext’s market data portfolio provides a wide range of data products to the global investment community, including pre- and post-trade market prices, indices composition, and reference data spanning its Cash and Derivatives markets in Amsterdam, Brussels, Dublin, Lisbon, Oslo and Paris. The data is used by traders and investors to make buy or sell decisions with confidence, and by issuers to create new tradable products such as ETF’s. Euronext’s market data clients range from the largest investment banks in the world to individual investors trading from their front room. Euronext’s market data business consists of two product and service categories: Real-Time Market Data Euronext’s main data offering involves the distribution of real-time market data. This data includes price, trade and order book data on all instruments traded on the Company’s cash and derivatives markets, as well as information about Euronext’s indices and trade and transaction reports submitted via the APA and ARM services. The data is marketed through different information products which are packaged according to the type of instrument, the depth of the information, and the type of customer. Euronext continues to invest in its trading and information platforms to ensure both execution and data services are of the highest quality and value. 1.3.6 ADVANCED DATA SERVICES
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2020 UNIVERSAL REGISTRATION DOCUMENT
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