Utilize the input text as a context reference, choose the right relationship between Euronext and Nord Pool from the options. Options: product/material produced, manufacturer, distributed by, industry, position held, original broadcaster, owned by, founded by, distribution format, headquarters location, stock exchange, currency, parent organization, chief executive officer, director/manager, owner of, operator, member of, employer, chairperson, platform, subsidiary, legal form, publisher, developer, brand, business division, location of formation, creator.

So Anthony Attia will answer your first question on the ambition of the Euronext of CSDs and Giorgio will answer your 3 questions on the debt listing on Nord Pool and on the cost structure.

Answer: subsidiary