EURONEXT_Registration_Document_2017

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PRESENTATION OF THE GROUP

Description of the Business

Euronext is pursuing the expansion of its commodity derivatives strategy along two axes: 1. become the European specialist content provider of reference on agricultural products and markets. Euronext will provide economic analysis, training and establish price reporting services for European agricultural markets; 2. expand Euronext’s trading offering by entering the OTC cleared instruments space in these markets.

Euronext’s flagship equity index products include the CAC 40® futures contract, which is the second most traded national index future in Europe, and the AEX® Index options contract, which is one of the most on-exchange traded national index options in Europe. Euronext’s mini index derivatives (‘minis’) allow investors to follow the same investment strategies but with less initial margin or a smaller trading amount. DIVIDEND PRODUCTS: A NEW AND RAPIDLY GROWING ASSET CLASS Dividend index futures and stock dividend futures allow holders to hedge against, or take position on, changes in the dividend of a particular index or underlying share. Euronext’s flagship dividend products include the CAC 40® dividend index futures, which is one of the most traded dividend index futures in Europe and more than 289 Single Stock Dividend Futures (including 57 contracts on US names), making up the broadest offering in Europe. ATOMX DERIVATIVES TRADE CAPTURE SERVICE: FLEXIBLE TRADING FOR EUROPE AtomX is an off-order book, on-exchange derivatives trade capture service, which allows clients to maintain OTC flexibility while benefiting from the efficiency and security of central clearing, i.e . more operational and capital efficiency and lower risk. Trades reported via AtomX are cleared by LCH S.A. alongside other Euronext derivatives business, providing efficiency for market participants who trade a mix of bespoke and standard contracts. LCH SA CURRENCY DERIVATIVES Currency derivatives allow investors to invest in, or protect themselves from, changes in the exchange rate between two currencies. Euronext offers five cash-settled FX contracts listed on the Euronext Amsterdam Derivatives Market. Commodity Derivatives Euronext is a leading provider of agricultural commodity derivatives with several of the Company’s contracts established as global price benchmarks for the international commercial and financial community. Volumes have grown strongly in recent years as commercials and investors alike increasingly seek to hedge their risks or use commodities to help diversify their portfolios. The average daily volume of the flagship milling wheat futures contract remained stable and reached a level of more than 35,000 lots traded on a daily basis, representing the equivalent of 1.75 million tons of wheat or 3.3 times the milling wheat quality EU production traded over the course of one year. The Rapeseed futures contract volume continued to attract exposure to the European Oilseeds markets and saw growth of just under 10% on the year, including our daily historic record in the summer with over 27,000 lots on the back of a stressed international Settlement & Delivery situation. These futures contracts have obtained international recognition status, both of which have been included in the main global commodity indices (S&P World Commodity Index, Rogers International Commodity index), making them the first non-U.S. grains contracts to be included in these global indices. The commodity team is rolling out its new strategy in 2018 which is articulated around:  focus on building our existing core contracts to their full potential and, in particular, leveraging on the MATIF brand for grains and oilseeds. We will address our stakeholders concerns around the delivery mechanism for our contracts, expressed through our client survey, by extending the use of the Euronext Inventory Management system, along with the introduction of warrants;

NUMBER OF CONTRACTS TRADED (LOTS IN MILLION)

39

35

33 35

32

32 34

28

1Q2016 2Q2016 3Q2016 4Q2016 1Q2017 2Q2017 3Q2017 4Q2017

NOTIONAL VALUE (€ BILLION)

993

908 900

892

829 784

808

685

1Q2016 2Q2016 3Q2016 4Q2016 1Q2017 2Q2017 3Q2017 4Q2017

Financial Derivatives

EQUITY PRODUCTS: VERSATILITY AND LEVERAGE Equity options and futures enable holders to hedge against, or take position on, changes in the underlying share. More than 236 equity options and over 383 equity futures can be traded on Euronext, making the Company one of the leading markets for equity derivatives trading. Equity options trading has historically been particularly active in Amsterdam due to high retail participation. Recent innovations include Euronext’s spotlight options segment and Euronext’s ETF options. EQUITY INDEX PRODUCTS: HEDGE AGAINST FLUCTUATIONS IN THE EUROPEAN EQUITY MARKET Equity index derivatives allow holders to hedge against, or take position on, changes in the future level of a particular index, the investor paying or receiving a cash sum representing its loss or gain on the future or option. Euronext’s equity index derivatives allow customers to hedge against fluctuations in a range of European stock market indices and the European equity market as a whole, and many are available as weekly or daily contracts as well as the more usual monthly contracts.

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www.euronext.com

2017 REGISTRATION DOCUMENT