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A series of five new warrants on the FTSEurofirst 80 index plus five warrants on the FTSEurofirst 100 index are now listed on NextWarrants, the Euronext market segment for warrants. A liquidity-provider contract has been negociated with BNP Paribas to ensure liquidity in these new products1.
The new warrants round out the range of FTSEurofirst 80 and 100 index products tradable on Euronext markets, and underscores these indices' role as new European benchmarks.
FTSEurofirst tradable European indices were launched jointly by Euronext and FTSE Group, the world leader in index development and management, on 29 April 2003. Combining liquidity and broad representation of the underlying market, they are the most effective tools to ease equity-market trading in the euro zone and across Europe. The range is made up of two indices: the FTSEurofirst 80 based on a basket of 80 stocks representing the euro zone in its current form, and the FTSEurofirst 100 based on a pan-European sample of 100 stocks denominated in two currencies, euros and sterling, to simplify trading in European shares.
NextWarrants is the Euronext market segment dedicated to warrants, that was launched in April 2002. This segment was created to allow easy identification and promotion of warrants, and is backed by a dedicated electronic trading platform, NSC-Warrants. All warrants traded on Euronext's regulated markets are listed on NextWarrants, that offers issuers, as well as retail and institutional investors, easy and direct access to a market of more than 3,000 warrants. Comprehensive information on each warrant is available on Euronext's website (www.euronext.com), including product characteristics, historical data and educational documents, and direct links to issuers' websites.
1For more information on the products, please refer to prospectus COB n° 3-855 dated 1 October 2003 available from the issuer, and Euronext Paris Notice n°2003-3227 dated 2 October 2003.
