Alternext
Encyclopedia
NYSE Alternext is an equity trading market
that was opened May 17, 2005 by its parent institution Euronext
(now NYSE Euronext) to address an opportunity posed by small to medium sized firms that were anticipated to desire easier access to an equity market.
The approach was to provide streamlined listing requirements and simplified trading rules to present a lesser load on small and mid-cap firms. The goal was to do this in a manner that also preserved good governance
and transparency for investors.
Euronext bills the Alternext market as a unique option in the investing world. It aims to become the reference market for small and mid-sized companies throughout the Eurozone
.
Stock exchange
A stock exchange is an entity that provides services for stock brokers and traders to trade stocks, bonds, and other securities. Stock exchanges also provide facilities for issue and redemption of securities and other financial instruments, and capital events including the payment of income and...
that was opened May 17, 2005 by its parent institution Euronext
Euronext
Euronext N.V. is a pan-European stock exchange based in Amsterdam and with subsidiaries in Belgium, France, Netherlands, Portugal and the United Kingdom. In addition to equities and derivatives markets, the Euronext group provides clearing and information services...
(now NYSE Euronext) to address an opportunity posed by small to medium sized firms that were anticipated to desire easier access to an equity market.
The approach was to provide streamlined listing requirements and simplified trading rules to present a lesser load on small and mid-cap firms. The goal was to do this in a manner that also preserved good governance
Corporate governance
Corporate governance is a number of processes, customs, policies, laws, and institutions which have impact on the way a company is controlled...
and transparency for investors.
Euronext bills the Alternext market as a unique option in the investing world. It aims to become the reference market for small and mid-sized companies throughout the Eurozone
Eurozone
The eurozone , officially called the euro area, is an economic and monetary union of seventeen European Union member states that have adopted the euro as their common currency and sole legal tender...
.