The migration of Brussels derivatives products on to LIFFE CONNECT™, the world's most advanced derivatives trading platform, is the first major step in creating a single market for all Euronext derivatives products, facilitating cross-border trading. This major achievement will be followed by the transfer on the derivatives trading system for Paris products on 14 April 2003 and for Dutch products by the end of the first half of 2004.
As a latest step in the move to a single clearing platform for the Euronext derivatives markets, Euronext Brussels has today also successfully implemented Clearing 21â, a real time clearing and netting system. Clearing 21® is already in use for the derivatives markets in Paris and will be implemented in Amsterdam in September 2003.
Jean-François Théodore, Chairman and CEO of Euronext said: "The double migration we successfully achieved today on the Brussels derivatives market will enable our customers to benefit from the rationalisation of their infrastructure and greater efficiency in their cross-border trading. Both of these synergies result directly from today's integration of our systems. All Euronext Brussels cash and derivatives products are now on the Euronext trading and clearing platforms. Following the harmonisation of our cash trading platforms in 2001 and of our clearing systems in 2002, our integration of the derivatives markets in 2003 is another significant step towards the realisation of the Euronext model".
(see table below)
Migration Euronext cash and derivatives markets
| Migration to/in | Cash trading NSC | Cash clearing Clearing 21® | Derivatives trading LIFFE CONNECTTM | Derivatives clearing Clearing 21® |
| Brussels | Achieved | Achieved | Achieved | Achieved |
| Paris | Achieved | Achieved | 14 April 2003 | Achieved |
| London | N/A | N/A | Achieved | N/A |
| Amsterdam | Achieved | Achieved | Mid 2004 | September 2003 |
