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NYSE Euronext announced it will launch a Multilateral Trading Facility for the trading of pan-European blue-chip stocks, as part of its strategy to offer a full and even more competitive and comprehensive service to meet the needs of all its customers.
The launch of the MTF is planned for November 2008 when a phased introduction of pan-European stocks will begin, in consultation with its customers, which will include coverage of all components of the major indices not already listed on Euronext markets.
The MTF will be open to all types of traders and is designed to be particularly attractive to high frequency traders. Existing members can trade on the platform by simply extending their membership.
The post trade arrangements will be supported by a player capable of clearing on a pan-European basis.
The MTF will be regulated by the AFM.