EURONEXT_Registration_Document_2017

PRESENTATION OF THE GROUP

Description of the Business

range from the largest investment banks in the world to individual investors trading from their front room. Euronext’s market data business consists of three 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. 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. The data is disseminated primarily via data vendors but also directly to financial institutions and other service providers in the financial sector. Almost 500 vendors currently disseminate Euronext market data to approximately 133.400 screens in over 130 countries. During 2017 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. Highlights for 2017 include:  thirty four new data vendors signed up making a total of 500 companies distributing Euronext data to market participants;  sixty five new clients using Euronext data within automated trading applications. Retail clients have access to data from Euronext’s markets through the Euronext Market Data app, which now has over 41,000 registered users. In 2017, Euronext has launched an Android version of the app, while a chargeable premium version containing enhanced content and functionality such as research, analytics and real-time data will follow in January 2018. In 2017, Euronext has introduced a new market data agreement which incorporates the changes required to ensure compliance with MiFID II relating to the disaggregation of data. Euronext is also working with a number of innovative fintech and data companies to create new analytic data packages and services aimed at both retail and professional users. 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 2017, Euronext launched a web API that enables clients to retrieve historical and reference data for all instruments listed on Euronext regulated markets. Euronext is also working to launch new products aimed at retail investors as well as an innovative licensing model supported by a new ecommerce platform in the course of 2018. Indices 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 ® and PSI 20 ® . The Company also creates new proprietary indices generating added value for its market participants or to provide measurement tools

The derivatives trade capture service, AtomX, launched in 2015, enables institutional customers to benefit from flexible, bespoke trading by reporting bilaterally negotiated trades while enjoying the efficiency and security of a regulated market with central clearing. The service was further expanded in 2017 with MiFID II compliance, and new products added to the range, including Individual Equity Options on Germany underlying in November. On commodity derivatives, Euronext continued to expand its offering with:  Euronext Inventory Management (“EIM”) – onboarding of all Milling Wheat delivery silos trial of new electronic storage certificate as of August 2017;  extension of Milling Wheat delivery point to Simarex silo in Rouen signed in June 2017 for 1 st delivery from September 2018;  new pricing programs to continue to attract new users to the Euronext Commodity markets. The (“NMP”) (New Market Participant) program was in place throughout 2017 and attracted over 3.7 million lots. Decision taken to prolong new NMP with two-tiered pricing: aggressive fee for all new traders joining the program, second level higher price for those registered in 2016- 17 edition. Spot FX trading In August 2017, Euronext acquired FastMatch, Inc. (“FastMatch”) – the fastest growing Electronic Communication Network (“ECN”) in the spot Foreign Exchange (“FX”) market with leading-edge technology, entrepreneurial spirit and access to a large, transparent and diversified pool of liquidity at unrivalled speed and capacity. The average daily volume on the FastMatch spot foreign exchange market (of which Euronext owns 90% of the capital since August 2017) was $18.4 billion in 2017, up +44.7% compared to 2016. In September 2017, FastMatch launched the consolidated data tape:  Enhanced market transparency from provision of aggregated real time trade data;  Multi source trade contribution from varied market participants ;  All data validated by FastMatch to exclude erroneous pricing;  Independent external auditing of all contributors regardless of size and type;  VWAP price and total volume published every 500 ms;  API or GUI connectivity as required. 1.3.5 MARKET DATA AND INDICES 1.3.5.1 Market data and indices – 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, and reference data spanning its Cash and Derivatives markets in Amsterdam, Brussels, Lisbon, London 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

1

35

2017 REGISTRATION DOCUMENT