What is Euronext Paris and what was its former name?

Euronext Paris is a regulated securities trading venue located in France. It was formerly known as the Paris Bourse, or Bourse de Paris in French. A securities trading venue is essentially a marketplace where financial instruments like stocks and bonds are bought and sold under specific rules.

Where is Euronext Paris located?

Euronext Paris is located in Paris, France. Paris is the capital city of France and a major global financial hub.

When was Euronext Paris originally founded, and when was it rebranded under its current name?

The institution was originally founded as the Paris Bourse on September 24, 1724. It was later rebranded as Euronext Paris on September 22, 2000, following its integration into the larger Euronext group.

Who is the current owner of Euronext Paris?

Euronext Paris is owned by Euronext, which is a pan-European stock exchange operator.

Who serves as the Chief Executive Officer of Euronext Paris?

Delphine d'Amarzit is the Chief Executive Officer (CEO) of Euronext Paris. The CEO is the highest-ranking executive in a company, responsible for overall management.

What currency is primarily used for trading on Euronext Paris?

The primary currency used for trading on Euronext Paris is the Euro (EUR). The Euro is the official currency of the Eurozone, which includes France.

What was the combined market capitalization of companies listed on Euronext Paris as of 2022?

As of 2022, the 795 companies listed on Euronext Paris had a combined market capitalization exceeding US$4.58 trillion. This figure indicates the immense total value of all companies trading on the exchange.

How many companies were listed on Euronext Paris as of 2022?

As of 2022, there were 795 companies listed on Euronext Paris. A listed company is one whose shares are traded on a stock exchange.

What are some of the key indices associated with Euronext Paris?

Key indices associated with Euronext Paris include the CAC 40, CAC Next 20, CAC Mid 60, and CAC Small. Stock market indices are statistical measures that track the performance of a group of stocks, serving as benchmarks for the overall market or specific sectors.

When did the Paris stock market begin to develop and gain initial prominence?

The Paris stock market began to take shape in the early 18th century and first gained prominence with the trading of John Law's Company from 1717 to 1721. John Law's Company was a speculative venture that led to a major financial bubble.

What event is sometimes cited as the starting point for the Paris stock market's permanent regulation?

A government decree issued in 1724, which provided the market with its first permanent regulation, is occasionally, though dubiously, considered its starting point. Regulation establishes rules and oversight for financial markets.

How were official stock markets in Paris managed from the second half of the 19th century?

From the second half of the 19th century, official stock markets in Paris were operated by the Compagnie des agents de change, which was directed by an elected syndical council composed of stockbrokers.

What were the specific requirements for an agent de change (official stockbroker) in Paris during the 19th century?

An agent de change had to be a French citizen, be nominated by a former agent or their estate, receive approval from the Minister of Finance, and be officially appointed by a decree from the President of the Republic. These strict requirements ensured a controlled and regulated profession.

What was the primary role of agent de change in the Paris Bourse, and how did this characterize the market?

The agent de change were strictly brokers, acting as intermediaries who could not trade for their own account or be a direct counterparty to clients. This structure meant the Paris Bourse was an 'order-driven market,' where prices are determined by matching buy and sell orders, rather than by dealers setting prices.

What happened to the Commodities Exchange that was once housed in the same building as the Paris Bourse?

The Commodities Exchange, which shared a building with the Paris Bourse, moved to the present Bourse de commerce in 1889. A commodities exchange is a market where raw materials or primary agricultural products are traded.

What was 'La Coulisse' in the context of the Paris stock market?

'La Coulisse' was a parallel, unofficial market that operated alongside the official Paris Bourse until approximately the middle of the 20th century. Parallel markets often exist outside formal regulations.

How did the Paris Bourse's trading system evolve in the late 1980s?

In 1986, the Paris Bourse began implementing an electronic trading system known generically as CATS (Computer Assisted Trading System), with the Paris version specifically called CAC (Cotation Assistée en Continu). This marked a significant shift from traditional manual trading.

When did the quotations on the Paris Bourse become fully automated?

By 1989, the quotations on the Paris Bourse were fully automated, meaning prices and trading information were processed and displayed electronically.

What French financial derivatives exchanges were housed in the Palais Brongniart and when did they become fully automated?

The Palais Brongniart housed the French financial derivatives exchanges MATIF (Marché à Terme International de France) and MONEP (Marché des Options Négociables de Paris) until they became fully automated in 1998. Derivatives are financial contracts whose value is derived from an underlying asset.

What significant reform occurred in the governance and ownership of the Paris stock exchange in 1988?

In 1988, new legislation radically reformed the governance of the Paris stock exchange, transferring its ownership to the former Compagnie des agents de change, which subsequently renamed itself the Société des Bourses Françaises (SBF).

How did the Compagnie des agents de change evolve its name and structure after the 1988 reform?

After the 1988 reform, the Compagnie des agents de change was renamed the Société des Bourses Françaises (SBF). In 1999, the SBF further absorbed MATIF and MONEP and changed its name to Paris Bourse-SBF.

What role did the Société des Bourses Françaises (SBF) play in the formation of Euronext?

The Société des Bourses Françaises (SBF) was a leading participant in the merger that formed Euronext in the year 2000. This merger created a major pan-European exchange group.

Where did the Paris securities markets first emerge in the early 18th century?

The Paris securities markets initially emerged on rue Quincampoix, a small street located near les Halles in Paris, during the early 18th century.

Why was the market on rue Quincampoix closed in 1720, and what were its subsequent temporary locations?

The market on rue Quincampoix was closed by government decision on March 22, 1720, primarily because most of its activity was focused on trading shares and other securities of John Law's Company, which was experiencing a speculative bubble. Following this closure and the unraveling of Law's system, the market temporarily relocated to the place Vendôme, then to the garden of the Hôtel de Soissons, and eventually to the rear garden of the Hôtel Tubeuf in October 1720.

When did the Paris market suspend operations during the French Revolution?

The Paris market suspended its operations on June 27, 1793, amidst the chaotic context of the French Revolution.

Where did the market reopen in 1795 after its suspension during the French Revolution?

The market reopened on May 10, 1795, in the Louvre Palace, specifically in Anne of Austria's former summer apartment on the ground floor of the Petite Galerie, and remained there until September 9, 1795.

What were the various temporary locations of the Paris stock market between 1796 and 1818?

After a brief closure in September 1795, the Bourse reopened in January 1796 in the church of Notre-Dame-des-Victoires. It then moved to the Palais-Royal in October 1807, and finally, in March 1818, it relocated to the former Couvent des Filles-Saint-Thomas.

Who was the architect commissioned to design the permanent home for the stock exchange, the Palais Brongniart?

Alexandre-Théodore Brongniart was the architect commissioned to design the permanent home for the stock exchange, which would become known as the Palais Brongniart. He died before its completion.

What architectural style and features characterized Brongniart's design for the Palais Brongniart?

Brongniart's design for the Palais Brongniart featured a rectangular neoclassical Roman temple with a giant Corinthian colonnade enclosing a vaulted and arcaded central chamber. This style reflected classical Greek and Roman architecture.

Who completed the construction of the Palais Brongniart after the original architect's death?

After Alexandre-Théodore Brongniart's death in 1813, the building was completed by Éloi Labarre between 1813 and 1826.

When did the stock exchange officially move into the Palais Brongniart, and who owned the building?

The stock exchange officially moved into the Palais Brongniart on November 6, 1826. The building was, and continues to be, owned by the City of Paris.

What additions were made to the Palais Brongniart between 1901 and 1905, and what was their architectural impact?

Between 1901 and 1905, Jean-Baptiste-Frederic Cavel designed the addition of two lateral wings to the Palais Brongniart, resulting in a cruciform plan with numerous columns. According to architectural historian Andrew Ayers, these alterations did not improve the monument's reputation.

What is the current use of the Palais Brongniart after Euronext stopped using it?

After Euronext ceased using the Palais Brongniart, the City of Paris repurposed it as an events venue.

Where did the Compagnie des agents de change (renamed SBF) relocate its seat after the 1988 reform?

Following the 1988 reform, the Compagnie des agents de change, which had been renamed SBF, moved from its Art Deco seat at 4, place de la Bourse to 39, rue Cambon, which was the former Paris office of Société Centrale des Banques de Province and then Chase Manhattan Bank.

When did Euronext Paris move its headquarters from rue Cambon, and what became of the former building?

Euronext Paris moved its headquarters from rue Cambon to La Défense in 2015. The building on rue Cambon was subsequently restructured to house offices for Chanel, a renowned French fashion house.

What types of financial products are traded on MATIF, which is operated by Euronext Paris?

MATIF, operated by Euronext Paris, trades futures and options on interest rate products and commodities. Futures and options are types of derivative contracts that allow investors to speculate on or hedge against future price movements.

What types of financial products are traded on MONEP, which is operated by Euronext Paris?

MONEP, operated by Euronext Paris, trades equity and index futures and options. Equity refers to stocks, while index futures and options are derivatives based on the value of a stock market index.

What electronic trading system is used for all products traded on Euronext Paris and its members?

All products traded on Euronext Paris and its members utilize the electronic trading system known as NSC (Nouveau Système de Cotation). Electronic trading systems facilitate rapid and efficient transactions.

Which entity is responsible for clearing transactions on Euronext Paris?

Transactions on Euronext Paris are cleared through LCH.Clearnet. A clearing house like LCH.Clearnet acts as an intermediary to ensure that trades are settled, reducing counterparty risk.

What is the cash settlement period for transactions on Euronext Paris?

The cash settlement period for transactions on Euronext Paris is T+2. This means that the transfer of funds and securities is completed two business days after the trade date.

What are the standard trading hours for Euronext Paris?

The standard trading hours for Euronext Paris are from 9:00 am to 5:30 pm CET (Central European Time), Monday to Friday.

How is the French equities market divided into sections by Euronext Paris?

The French equities market, as managed by Euronext Paris, is divided into three main sections: the Premier Marché, the Second Marché, and the Nouveau Marché. There is also a non-regulated Marché Libre.

What types of companies are listed on the Premier Marché?

The Premier Marché, formerly known as the Official List, includes large French and foreign companies, as well as most bond issues. These are typically well-established and highly capitalized firms.

What types of companies are listed on the Second Marché?

The Second Marché lists medium-sized companies, providing a platform for businesses that are larger than start-ups but not yet considered large-cap.

What is the purpose of the Nouveau Marché, and to what European market is it linked?

The Nouveau Marché is designed for fast-growing start-up companies that are seeking capital to finance their expansion. It is linked to Euro.nm, which is the European equity growth market.

Describe the Marché Libre.

The Marché Libre is a non-regulated third market administered by Euronext Paris specifically for transactions in securities that are not listed on the Premier Marché, Second Marché, or Nouveau Marché. This market offers less stringent listing requirements.

What is the primary benchmark index calculated by Euronext Paris, and how is it disseminated?

The CAC 40 is the primary benchmark index calculated by Euronext Paris, and it is disseminated in real time. A benchmark index provides a standard against which the performance of investments can be measured.

What is the SBF 120 Index used for, and what does it include?

The SBF 120 Index serves as a broader benchmark for investment funds and includes all the components of the CAC 40, along with additional stocks.

What is the purpose and structure of the SBF 250 index?

The SBF 250 index is a benchmark designed to measure the long-term performance of equity portfolios. It includes all the stocks from the SBF 120 and is structured by sector, offering a diversified view of the market.

Euronext Paris Wiki: The Parisian Exchange: Navigating Euronext's Financial Legacy

Dive in with Flashcard Learning!

When you are ready...
🎮 Play the Wiki2Web Clarity Challenge Game🎮

Overview

France's Premier Trading Venue

Euronext Paris, formerly known as the Paris Bourse (French: Bourse de Paris), stands as a regulated securities trading venue within France. It holds a significant position as Europe's second-largest stock exchange by market capitalization, trailing only the London Stock Exchange as of December 2023.

Market Scale and Reach

As of 2022, Euronext Paris hosted 795 listed companies, collectively boasting a substantial market capitalization exceeding US$4.58 trillion. This robust ecosystem underscores its critical role in facilitating capital formation and investment across the European economic landscape.

A Founding Euronext Member

Since September 2000, the Paris Bourse has been an integral component of Euronext, a pan-European exchange. It was a co-founder of this major initiative, alongside the Amsterdam Stock Exchange and the Brussels Stock Exchange, a collaboration that led to its rebranding as Euronext Paris.

Historical Trajectory

Early Genesis and Regulation

The origins of the Paris stock market can be traced back to the early 18th century, gaining initial prominence through the trading activities of John Law's Company between 1717 and 1721. A foundational government decree in 1724 provided its first permanent regulatory framework, a date sometimes cited as the market's formal inception.

The Era of Agents de Change

From the mid-19th century, the official stock markets in Paris were managed by the Compagnie des agents de change. This body was directed by an elected syndical council of stockbrokers. The number of official stockbrokers, known as agents de change, was limited to approximately 60. These individuals were strictly intermediaries, prohibited from trading for their own accounts, defining the Paris Bourse as an order-driven market. A parallel market, "La Coulisse," also operated until the mid-20th century.

Transition to Electronic Trading

Until the late 1980s, the market operated as an open outcry exchange within the Palais Brongniart. However, in 1986, the Paris Bourse initiated the implementation of an electronic trading system, known as CAC (Cotation Assistée en Continu), a version of the Computer Assisted Trading System (CATS). By 1989, the quotation process was fully automated, marking a significant modernization of its operations.

Reform and Euronext Integration

A pivotal legislative reform in 1988 restructured the governance of the Paris stock exchange, transferring ownership to the `Compagnie des agents de change`, which subsequently rebranded as the `Société des Bourses Françaises` (SBF). In 1999, SBF absorbed the French financial derivatives exchanges MATIF and MONEP, renaming itself `Paris Bourse-SBF`. The following year, SBF played a leading role in the merger that established Euronext, solidifying Paris's position within a broader European financial framework.

Historic Locations

A Journey Through Paris

The Paris securities markets have occupied several notable sites throughout their long history, reflecting periods of growth, upheaval, and modernization.

Early 18th Century: Rue Quincampoix - The market's initial prominent location, near Les Halles, active until its closure by government decree in March 1720 amidst the Mississippi bubble turmoil.
1720-1793: Various Temporary Sites - Following the closure on Rue Quincampoix, the market temporarily moved to Place Vendôme, the garden of the Hôtel de Soissons, and eventually the rear garden of Hôtel Tubeuf (part of John Law's Company headquarters). Operations were suspended in June 1793 during the French Revolution.
1795-1818: Post-Revolutionary Resurgence - Reopened in May 1795 within the Louvre Palace, then moved to the church of Notre-Dame-des-Victoires (January 1796), the Palais-Royal (October 1807), and the former Couvent des Filles-Saint-Thomas (March 1818).
1826-Late 1980s: Palais Brongniart - The stock exchange found its long-term home in the Palais Brongniart, a neoclassical edifice designed by Alexandre-Théodore Brongniart and completed by Éloi Labarre. This building, owned by the City of Paris, served as the primary trading floor for over a century and a half. Later additions were made by Jean-Baptiste-Frederic Cavel. After Euronext ceased using it, it was repurposed as an events venue.
1988-2015: Rue Cambon - Following the 1988 reform, the SBF (later Euronext Paris) relocated to 39, rue Cambon. This building served as its headquarters until 2015, when operations moved to La Défense. The Rue Cambon building now houses offices for Chanel.

Operational Framework

Trading Platforms

Euronext Paris operates the MATIF futures exchange, which facilitates the trading of futures and options on interest rate products and various commodities. Additionally, it manages MONEP, handling equity and index futures and options. All these products are traded electronically utilizing the Nouveau Système de Cotation (NSC) system, a standardized platform adopted across all Euronext member exchanges.

Clearing and Settlement

Transactions executed on Euronext Paris are cleared through LCH.Clearnet, a central counterparty clearing house that ensures the integrity and efficiency of trades. The cash settlement process adheres to a T+2 standard, meaning that the exchange of cash and securities occurs two business days after the trade date.

Trading Hours

The exchange operates from 9:00 AM to 5:30 PM Central European Time (CET), Monday through Friday, aligning with standard European financial market hours. This schedule provides consistent access for market participants to engage in trading activities.

Market Structure & Indices

Equity Market Segmentation

The French equities market is strategically segmented into distinct sections to cater to various company sizes and growth profiles:

Premier Marché: Formerly known as the Official List, this segment hosts large French and international companies, alongside the majority of bond issues.
Second Marché: Dedicated to medium-sized companies, providing them with a platform for listing and capital access.
Nouveau Marché: This market is tailored for fast-growing startup companies seeking capital to finance their expansion, and it is integrated with Euro.nm, the European equity growth market.
Marché Libre: A non-regulated third market, administered by Euronext Paris, for transactions involving securities not listed on the other three regulated markets.

Key Indices

Euronext Paris calculates a comprehensive family of indices that serve as crucial benchmarks for market performance and investment strategies:

CAC 40: The exchange's primary benchmark index, disseminated in real-time, representing the 40 largest French stocks.
SBF 120 Index: A broader benchmark for investment funds, encompassing the components of the CAC 40 and additional liquid stocks.
SBF 250 Index: Designed to measure the long-term performance of equity portfolios, this index includes all stocks from the SBF 120 and is structured by sector.
MIDCAC Index: Comprises 100 of the most liquid medium-sized stocks from the Premier Marché and Nouveau Marché, calculated based on opening and closing prices, serving as a benchmark for specialized funds.
Second Marché Index: Specifically tracks the performance of companies listed on the Second Marché.
Nouveau Marché Index: Represents the performance of stocks within the growth market, catering to emerging companies.
SBF-FCI Index: Based on a selection of convertible bonds that collectively represent at least 70% of the total capitalization of this market, calculated twice daily.

Derivatives & Commodities

Beyond equities, Euronext Paris facilitates a robust derivatives market. MONEP trades both short-term and long-term stock options, as well as futures and options on a family of Dow Jones indices. Euronext Commodities offers a range of products, including commodity futures and options on European rapeseed, futures on rapeseed meal, European rapeseed oil, milling wheat, corn, wood pellets, dairy products, and Paris Real Estate, reflecting the diverse economic sectors it serves.

Key Figures

Financial Performance

For the fiscal year concluding December 2004, Euronext Paris reported sales of US$522 million. This represented a 12.9% decrease in sales compared to the previous year, 2003.

Market Capitalization & Trading Value

As of February 28, 2007, Euronext Paris boasted a total market capitalization of listed companies amounting to US$2.9 trillion. The average daily trading value across its combined markets was approximately US$102 billion, equivalent to €77 billion, highlighting its significant liquidity and trading volume within the global financial landscape.

Teacher's Corner

Edit and Print this course in the Wiki2Web Teacher Studio

Edit and Print Materials from this study in the wiki2web studio

Click here to open the "Euronext Paris" Wiki2Web Studio curriculum kit

Use the free Wiki2web Studio to generate printable flashcards, worksheets, exams, and export your materials as a web page or an interactive game.

True or False?

Test Your Knowledge!

Gamer's Corner

Are you ready for the Wiki2Web Clarity Challenge?

Learn about euronext_paris while playing the wiki2web Clarity Challenge game.

Unlock the mystery image and prove your knowledge by earning trophies. This simple game is addictively fun and is a great way to learn!

Play now

Explore More Topics

Discover other topics to study!

european defence agency

charles chamberland

united states fish and wildlife service

References

A full list of references for this article are available at the Euronext Paris Wikipedia page

Feedback & Support

To report an issue with this page, or to find out ways to support the mission, please click here.

Disclaimer

Important Notice

This page was generated by an Artificial Intelligence and is intended for informational and educational purposes only. The content is based on a snapshot of publicly available data from Wikipedia and may not be entirely accurate, complete, or up-to-date. Financial markets are dynamic, and information can change rapidly.

This is not financial advice. The information provided on this website is not a substitute for professional financial consultation, investment advice, or market analysis. Always conduct your own due diligence, consult with qualified financial professionals, and refer to official exchange documentation for specific investment decisions or financial planning. Never disregard professional financial advice or delay in seeking it because of something you have read on this website.

The creators of this page are not responsible for any errors or omissions, or for any actions taken based on the information provided herein.

The Parisian Exchange

💡 Dive in with Flashcard Learning! 💡

Overview 📊

🇫🇷 France's Premier Trading Venue

📈 Market Scale and Reach

🤝 A Founding Euronext Member

Historical Trajectory 📜

⏳ Early Genesis and Regulation

🏛️ The Era of Agents de Change

💻 Transition to Electronic Trading

🔄 Reform and Euronext Integration

Historic Locations 📍

🗺️ A Journey Through Paris

Operational Framework ⚙️

📈 Trading Platforms

💱 Clearing and Settlement

⏰ Trading Hours

Market Structure & Indices 🏗️

🏛️ Equity Market Segmentation

📈 Key Indices

🌾 Derivatives & Commodities

Key Figures 📈

💰 Financial Performance

🌐 Market Capitalization & Trading Value

Teacher's Corner 🧑‍🏫

Edit and Print this course in the Wiki2Web Teacher Studio

True or False? 🤔

❓ Test Your Knowledge! ❓

Gamer's Corner 🎮

Are you ready for the Wiki2Web Clarity Challenge?

Explore More Topics

📜 Discover other topics to study!

References

📜 References

Feedback & Support 👍

To report an issue with this page, or to find out ways to support the mission, please click here.

Disclaimer ⚠️

📜 Important Notice

Dive in with Flashcard Learning!

Overview

France's Premier Trading Venue

Market Scale and Reach

A Founding Euronext Member

Historical Trajectory

Early Genesis and Regulation

The Era of Agents de Change

Transition to Electronic Trading

Reform and Euronext Integration

Historic Locations

A Journey Through Paris

Operational Framework

Trading Platforms

Clearing and Settlement

Trading Hours

Market Structure & Indices

Equity Market Segmentation

Key Indices

Derivatives & Commodities

Key Figures

Financial Performance

Market Capitalization & Trading Value

Teacher's Corner

True or False?

Test Your Knowledge!

Gamer's Corner

Discover other topics to study!

References

Feedback & Support

Disclaimer

Important Notice