Euronext goes live on single feed

Pan-European exchange Euronext is shutting down LMF 2, its derivatives data feed for the Brussels, Lisbon, London and Paris markets, after completing the consolidation of all of its feeds onto one platform.

Patrick Lastennet, senior manager of technology, delivery and support, and information services at Euronext, said data from all its cash, derivatives and equity markets is now available via the Euronext Market Data Service (EMDS).

"There is nothing else to go live now," said Lastennet. "The content that will be available on this feed is all the market data for cash and derivatives for all the markets, including the B-clear service, which is an OTC service for derivatives." EMDS will carry 50 million messages a day, he added.

Customers will be migrated from LMF 2 to EMDS over the next eight weeks, with LMF 2 scheduled to be shut down on April 10. The exchange had previously said it wanted to integrate the separate feeds for different markets onto EMDS by the end of 2004. However, Lastennet said the priority was to migrate the Amsterdam markets onto EMDS, which took place in July 2004. "We took an approach where we knew we had time to migrate the rest over. We wanted to secure the level of migration and service level of our customers. We went for a very limited risk approach," he added.