Euronext in further European expansion

Euronext, the combined Paris, Amsterdam and Brussels exchange, has taken a further step towards creating a pan-European derivatives trading platform, by entering a cross-selling agreement with the Warsaw Stock Exchange (WSE).

The interconnection of the exchanges' cash trading platforms will be completed this year, but cross-border derivatives trading will not be operational until 2004, said Euronext. The WSE’s cash trading platform currently uses Euronext technology, making interconnection easier.

Euronext said the agreement, which does not involve any change in ownership, was the result of a long-standing relationship between the WSE and the old Paris exchange.

The London International Financial Futures and Options Exchange joined the Euronext group at the beginning of this year, as did Portugal’s derivatives exchange, BVLP.

The WSE lists 231 stocks.