The NYSE Euronext announced it will launch a multilateral trading facility for the trading of pan-European blue-chip stocks.

The MTF launch is planned for November when a phased introduction of pan-European stocks will begin. It will be based on Arca technology, and the trading model will be built around a central limit order book. It will be open to all types of traders and is designed to be particularly attractive to high frequency traders.

Cees Vermaas, executive director, European sales at NYSE Euronext, said, “As a cross-border regulated market we already offer trading in Belgian, Dutch, French and Portuguese securities. This exciting new service complements both our existing market and the block trading facility, SmartPool, giving our customers access to a range of execution solutions, depending on the needs of their flow. In an increasingly competitive marketplace we have a huge advantage in that we already have the client connections and infrastructure whereby our members will be able to access this new MTF.”