With Cash Premium, investors will be able to view the complete order book for all products listed on Euronext’s cash market on their data-vendor screens. The new service will operate in real time, providing full data on market depth including all buy orders (sorted from highest to lowest) and all sell orders (sorted from lowest to highest). This data will be disseminated via the Euronext datafeed. Data vendors and brokers interested in selling a Cash Premium service to their customers will be able to pass it on in full.
Leni Boeren, Managing Director of Euronext Information Services, commented: “Cash Premium will be useful for all investors seeking access to complete, transparent financial data in real time. The extra data will give them greater insight into the liquidity of each market and offer a much enhanced indication of market trends.”
“The complete transparency provided by Cash Premium should increase liquidity on Euronext markets by making it easier for investors to gauge the potential impact of the execution of their orders on Euronext Amsterdam, Brussels, Lisbon and Paris cash markets,” said Roland Bellegarde Euronext Deputy General Manager Cash and Listing.
To date, the full depth of the cash market has been accessible only on trading terminals operated by Euronext member firms. Non-members and the wider public could view only the cash market's five best bids and asks. Following changes in the trading platform and market rules relating to anonymity of trades, it will now be possible to make comprehensive orderbook data available to all participants.
