Euronext Launches Data-Centric Partnership with Shanghai Stock Exchange

Euronext has targeted the realms of cash, derivatives, commodities and index data in the new partnership

Euronext has partnered today with the Shanghai Stock Exchange (SSE) in a bid to enhance the promotion and marketing of its business with China, according to a Euronext statement.

In particular, Euronext has targeted the realms of cash, derivatives, commodities and index data in the new partnership, which will be done via SSE Infonet, a wholly owned subsidiary of the Shanghai Stock Exchange that will help act as Euronext’s market data agent in China.

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Per the new initiative, Euronext is looking to deepen its market exposure in Greater China, which will include a broad spectrum of its service suite, namely its listed companies, markets and retail-oriented products. Conversely, Chinese investors will be afforded access to European markets through Europe’s largest exchange.

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At present, Euronext has managed to deploy a number of educational directives, assisting Chinese market participants in the area of equities – to date, the Chinese market constitutes roughly 50% of the Euro Stoxx 50.

According to Lee Hodgkinson, Head of Markets and Global Sales at Euronext in a recent statement on the partnership: “I am delighted to be working together with the Shanghai Stock Exchange on this exciting initiative to promote Euronext markets in China. The Shanghai Stock Exchange has strong market data expertise and a broad client reach within China and we are looking forward to growing our partnership.”

“By acting as domestic sales and marketing agent of Euronext market data, we believe this strategic co-operation can enrich product line for local information vendors and strengthen local investors’ knowledge to manage their investment portfolio. It is also a further step for SSE towards internationalization,” added Bo Que, Vice President of the Shanghai Stock Exchange in an accompanying statement.

Earlier this month, Euronext reported its volumes for the month ending August 2015, which saw the average daily transaction value on the Euronext cash order book rebound from July’s monthly decline. This corresponded to MoM dip of 12.3%, although across a yearly timeframe, July’s figures also saw a growth of 38% from July 2014.

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