NYSE Euronext’s Free Market
NYSE Euronext is an American multinational financial services corporation that operates multiple securities exchanges, most notably New York Stock Exchange and Euronext. On April 4, 2007, the NYSE merged with Euronext N.V. to form the first global equity exchange.
NYSE Euronext operates NYSE Technologies, the Free Market, and also owns NYFIX, Inc., a leading provider of innovative solutions that optimize trading efficiency.
The Free Markets of Brussels and Paris, organized by NYSE Euronext, is tailor made for companies that wish to access the capital markets, but are too young or too small to be listed on a larger stock exchange. Listing on the NYSE Free Market is very fast and does not require a prospectus, like most other stock markets.
The NYSE Free Market is not a regulated market in the sense of the EU Directive. The criteria for admission to the NYSE Free Market is much simpler, and listing costs low. The NYSE Free Market provides a mechanism for disseminating buy and sell orders, where trades are executed by NYSE Euronext member firms. Companies listed on the NYSE Free Market are not held to strenuous admission procedures or subject to disclosure requirements.
Graduation to Euronext’s NYSE Alternext is seemless from the Free Market.
Benefits and features of NYSE Euronext’s Free Market
• Highly respectable name association
• All shares are free trading (even officers, directors and other insiders). There are no restricted shares
• Extremely fast listing
• No prospectus requirement (although we always recommend)
• Not regulated markets under the EU Directive which makes the admission criteria much simpler than for EU regulated markets
• Minimal ongoing reporting requirements
• Sophisticated trading system. All trading takes place through a centralized order book that complies with the same rules and procedures as those in place on NYSE Euronext’s regulated markets