The FINANCIAL -- Euronext announced the signing of market data agreements with Chinese data vendors East Money, Shanghai DZH Limited and Shanghai Wind Information , which will allow them to distribute Euronext’s market data in mainland China. As of today, up to 100 million Chinese retail and institutional investors have the opportunity to follow Euronext markets in the Chinese language.
SSE Infonet, a wholly owned subsidiary of the Shanghai Stock Exchange, one of Euronext’s strategic partners in China, acted as market agent in these agreements. In September 2015 the Shanghai Stock Exchange and Euronext announced a partnership to further enhance the promotion and marketing of Euronext’s cash, derivatives, commodities and index data in the People’s Republic of China, in order to facilitate Chinese residents’ investment in the European market. The signing of the market data agreements during a ceremony in Shanghai today is the first milestone in this partnership, according to Euronext.
"We are very pleased to be signing agreements with these three leading Chinese vendors, as they will further enhance the visibility and accessibility of our markets, listed companies and products,” said Lee Hodgkinson, Head of Markets and Global Sales at Euronext. “We are looking forward to reinforcing our partnership with the Shanghai Stock Exchange to explore the generation of further commercial benefits and grow our footprint in China.”
Bo Que, Executive Vice President of Shanghai Stock Exchange, said: “The co-operation in the market data business between the Shanghai Stock Exchange and Euronext will expand local vendors’ data product scope. With the help of SSE Infonet’s China Investment Information Platform, Chinese investors will have the chance to access Euronext’s market data more efficiently. Today’s ceremony is the beginning of a mutually beneficial cooperation between the two exchanges.”