Nouveau Système de Cotation
Encyclopedia
The NSC is one of Euronext
's electronic trading technologies. It was developed by the Paris Bourse
in the early 1990s and introduced in 1995 as an upgrade of the CAC system (Cotation Assistée en Continu
).
NSC offers product coverage for equities, bonds
, warrants
, futures
, and options
, as well as multiple market model types - for example, order driven, quote driven, or hybrid. It was developed by the Paris Bourse
in the early 1990s and introduced in 1995 as an upgrade of the CAC system (Cotation Assistée en Continu
).
The NSC platform is a modular system with an open architecture
which is compatible with the standard international communication protocols. The latest version of NSC runs on UNIX and Linux platforms to provide enhanced functionality and improved price-performance.
NSC is currently in use in 12 exchanges worldwide, including Euronext
in Paris
and Bursa Malaysia
.
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...
's electronic trading technologies. It was developed by the Paris Bourse
Paris Bourse
The Paris Bourse is the historical Paris stock exchange, known as Euronext Paris from 2000 onwards.-History and functioning:...
in the early 1990s and introduced in 1995 as an upgrade of the CAC system (Cotation Assistée en Continu
Cotation Assistée en Continu
Cotation Assistée en Continu was an electronic trading system used at the Paris Bourse, the French stock exchange, in the 1980s and 1990s. It was introduced in 1986 for trading less liquid equities, and in 1989 it was operational for all listed stocks. The acronym is also used to refer to the CAC...
).
NSC offers product coverage for equities, bonds
Bond (finance)
In finance, a bond is a debt security, in which the authorized issuer owes the holders a debt and, depending on the terms of the bond, is obliged to pay interest to use and/or to repay the principal at a later date, termed maturity...
, warrants
Warrant (finance)
In finance, a warrant is a security that entitles the holder to buy the underlying stock of the issuing company at a fixed exercise price until the expiry date....
, futures
Futures contract
In finance, a futures contract is a standardized contract between two parties to exchange a specified asset of standardized quantity and quality for a price agreed today with delivery occurring at a specified future date, the delivery date. The contracts are traded on a futures exchange...
, and options
Option (finance)
In finance, an option is a derivative financial instrument that specifies a contract between two parties for a future transaction on an asset at a reference price. The buyer of the option gains the right, but not the obligation, to engage in that transaction, while the seller incurs the...
, as well as multiple market model types - for example, order driven, quote driven, or hybrid. It was developed by the Paris Bourse
Paris Bourse
The Paris Bourse is the historical Paris stock exchange, known as Euronext Paris from 2000 onwards.-History and functioning:...
in the early 1990s and introduced in 1995 as an upgrade of the CAC system (Cotation Assistée en Continu
Cotation Assistée en Continu
Cotation Assistée en Continu was an electronic trading system used at the Paris Bourse, the French stock exchange, in the 1980s and 1990s. It was introduced in 1986 for trading less liquid equities, and in 1989 it was operational for all listed stocks. The acronym is also used to refer to the CAC...
).
The NSC platform is a modular system with an open architecture
Open architecture
Open architecture is a type of computer architecture or software architecture that allows adding, upgrading and swapping components. For example, the IBM PC and Apple IIe have an open architecture, whereas the Apple IIc and Amiga 500 computers have a closed architecture...
which is compatible with the standard international communication protocols. The latest version of NSC runs on UNIX and Linux platforms to provide enhanced functionality and improved price-performance.
NSC is currently in use in 12 exchanges worldwide, including 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...
in Paris
Paris
Paris is the capital and largest city in France, situated on the river Seine, in northern France, at the heart of the Île-de-France region...
and Bursa Malaysia
Bursa Malaysia
Bursa Malaysia is an exchange holding company approved under Section 15 of the Capital Markets and Services Act 2007. It operates a fully integrated exchange, offering the complete range of exchange-related services including trading, clearing, settlement and depository services.- History :Bursa...
.