FESE study on “Alternative” Markets/Segments in equity

18 September 2008

The study provides an overview of the alternative markets/segments and finds that these generally have less strict listing requirements aimed at capturing an alternative issuer profile.

The study provides an overview of the alternative markets/segments operated by FESE member exchanges as of the start of 2008. The study demonstrates that 15 Regulated Markets operate alternative markets or segments.

 

For each market/segment the study provides the following information:

• Starting date of trading in the market/segment.
• Type of market/segments: Regulated Market (RM) or MTFs according to MiFID terminology.
• Major differences with the main market of the Regulated Market.

 

The study concludes that the structure of “alternative” market/segments in European equity markets is diversified. These markets/segments are dedicated to different types of trading. The study also finds that “alternative” markets/segments generally have less strict listing requirements aimed at capturing an alternative issuer profile.

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