Euronext Extends Market Data Capabilities into Mainland China

Euronext, Europe’s largest exchange and pan-European marketplace, has entered into a new market data agreement with East Money, Shanghai DZH Limited, and Shanghai Wind Information, in a move to help facilitate the spread of the exchange’s market data across China, according to a Euronext statement.

East Money, Shanghai DZH Limited, and Shanghai Wind Information are each leading Chinese data vendors that collectively reach millions of Chinese retail and institutional clients. The new partnership with Euronext will help Bridge Bridge The bridge or liquidity bridge is an essential component for brokers that are enabling their clients to trade at interbank rates directly via a Prime Broker or a Prime-of-Prime (PoP). While market makers do not require a bridge in order to service their clients, brokers which are sending through orders to a liquidity provider or an electronic execution venue need a bridge to connect their trading platform to the interbank market.Bridges are used extensively in forex trading, specifically for Met The bridge or liquidity bridge is an essential component for brokers that are enabling their clients to trade at interbank rates directly via a Prime Broker or a Prime-of-Prime (PoP). While market makers do not require a bridge in order to service their clients, brokers which are sending through orders to a liquidity provider or an electronic execution venue need a bridge to connect their trading platform to the interbank market.Bridges are used extensively in forex trading, specifically for Met Read this Term the gap between the two economic regions, thereby helping spread Euronext’s comprehensive data streams across the country in the Chinese language – per the new deal, up to 100 million Chinese market participants will able to tap into Euronext’s market data feeds.

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The accord follows on the heels of previous partnerships between Euronext and other venues in the region, such as the deal with the Shanghai Stock Exchange (SSE) last September – SSE Infonet, a subsidiary of the SSE, helped facilitate the deal, acting as the market agent in the most recent iteration of agreements.

The aforementioned deal helped lay the foundation for its most recent partnership, which targeted the realms of cash, derivatives, commodities and index data across China. The latest accord is an important stroke for Euronext, given its expansive presence in Mainland China and its growing ambitions in the region.

According to Lee Hodgkinson, Head of Markets and Global Sales at Euronext, in a recent statement on the deal: "We are very pleased to be signing agreements with these three leading Chinese vendors, as they will further enhance the visibility and accessibility of our markets, listed companies and products. We are looking forward to reinforcing our partnership with the Shanghai Stock Exchange to explore the generation of further commercial benefits and grow our footprint in China.”

“The co-operation in the market data business between the Shanghai Stock Exchange and Euronext will expand local vendors’ data product scope. With the help of SSE Infonet’s China Investment Information Platform, Chinese investors will have the chance to access Euronext’s market data more efficiently,” reiterated Bo Que, Executive Vice President (EVP) of Shanghai Stock Exchange, in an accompanying statement.