Euronext Fund Service To Launch In France
Euronext, a wholly owned subsidiary of IntercontinentalExchange Group (NYSE: ICE), welcomes the publication in France of the decree authorising active open-end funds to be admitted to trading on regulated markets or multilateral trading facilities.
Following this legislative change, Euronext will soon admit active open-end funds to trading on its regulated market in Paris. These will be available for trading on the Net Asset Value (NAV) Trading Facility. Euronext is working closely with asset managers and key market participants to develop this new service. The launch is planned to take place in the second quarter of 2014 and will build on Euronext Amsterdam’s fund service that has successfully operated in the Netherlands since 2007.