It also designs and markets new products on a regular basis as part of its expansion strategy. It has acted in response to the need for cooperation among European bourses following the introduction of the euro, the globalization of financial markets, and the desire to offer members access to key markets around the world. These international alliances allow the participants to expand their product ranges, boost liquidity and buttress their position in the international markets. To bolster that initial agreement, the CME gave its French partner a license in 1998 to market Clearing 21 on a worldwide basis. As a result, Euronext Paris S.A., can now offer a standardized, one-stop solution for trading and clearing the cash instruments and derivatives offered by international markets.
Alliance is the world's first electronic trading network for futures and option contracts.
This arrangement will offer trading members a simple and cost-effective way to reduce capital requirements.