Luxembourg Stock Exchange migrates to Nyse Euronext UTP

Source: Nyse Euronext

On 9 March 2009, the Luxembourg Stock Exchange successfully migrated all securities listed on its two markets, the regulated market and the Euro MTF market, to the Universal Trading Platform or UTP of Nyse Euronext.

At the same time, the Exchange ceased using its existing NSC trading platform of launched in May 2007.

All segments of the 48,500 securities currently listed the Luxembourg Stock Exchange are now traded on the UTP.

The UTP platform is the single trading platform used by the cash and derivatives markets of NYSE Euronext. Its is based on a global network which enables to access the services and applications of NYSE Euronext and relies on unified communication protocols, both for publics flows (market data) and private flows( order entry).

Taking account of these technical improvements, the Luxembourg Stock Exchange considers that the UTP platform will contribute favourably to the growth of trade volumes in Luxembourg. Stimulation of the market should also result from the interconnectivity of the NYSE Euronext network, which is made up of 200 members with a high number of access points in Europe.

The migration to UTP is in line with the partnership agreement signed on 22 march 2007 between Euronext N.V. and the Luxembourg Stock Exchange.

 

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