Euronext Extends Cash & Derivatives Trading Capabilities to Israeli Firms

Euronext, the Europe’s largest exchange, has received approval from the Israeli Securities Authority (ISA) to facilitate Israeli-based qualified trading firms to enable direct access to Euronext’s cash and derivatives markets, according to a Euronext statement.

As per the new agreement, Israeli-based firms will now be afforded access to all regulated cash and derivatives markets operated by Euronext. Furthermore, the new accord will see Euronext granted the ability to promote its own product suite in Israel.

According to Lee Hodgkinson, Head of Global Markets and Sales and CEO of Euronext London, in a recent statement on the outreach, “In line with the impressive entrepreneurial and technological development of the country, Israel’s financial services community has rapidly evolved.

The Israeli trading community is agile, innovative and highly-competitive, with a strong appetite for diversification and direct access to highly liquid international markets. We are delighted to be able to offer Israeli trading firms the opportunity to trade directly on our markets and to increase our diverse product offering to a new key geography.”

“Barak Capital congratulates Euronext for being authorized to do business in Israel. We welcome the opportunity to improve Liquidity Liquidity The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent Read this Term and trade over Euronext's European benchmark indice,” added Eyal Bakshi, CEO of Barak Capital, in an accompanying statement.

“Meitav Dash congratulates Euronext on its regulatory approval as an authorized exchange to attract and promote new business in Israel. We believe this will open a new window for local Market Makers Market Makers Market makers or called dealing desk brokers represent a type of broker that internalize flows and are taking the opposite side of a transaction submitted by their clients. The market making broker is only quoting a feed of prices to its clients. These feeds may or may not be the exact same as the prices quoted on the interbank market.Any order a client enters is processed internally and never goes out to the market, except in rare cases where a market making brokerage identifies a client as a v Market makers or called dealing desk brokers represent a type of broker that internalize flows and are taking the opposite side of a transaction submitted by their clients. The market making broker is only quoting a feed of prices to its clients. These feeds may or may not be the exact same as the prices quoted on the interbank market.Any order a client enters is processed internally and never goes out to the market, except in rare cases where a market making brokerage identifies a client as a v Read this Term and professional traders who seek new investment opportunities,” noted Lior Finkler, Senior Director - Prime Services, Meitav Dash Brokerage.

Euronext reported record trading volumes earlier this month, following the recent convulsions in Chinese equity markets that sent exchanges plunging by the largest interval in over four years. In particular, on August 24, 2015, Euronext yielded record trading volumes across its combined markets – this included 550 million managed orders on its cash markets, which surpassed a previous high set back in January 2015 by 22%.