Euronext Lisbon is one of the smaller outposts of NYSE Euronext’s growing empire, but its parent Liffe is convinced that the exchange has a valuable role to play. As Agnieszka Troszkiewicz discovers, although trading volumes halved in 2008, this was largely a result of the stockmarket slump. Market participants in Lisbon are enthusiastic about the exchange and want it to thrive.
The name Euronext Lisbon might be only seven years old, but the exchange’s history goes back to 1769 with the establishment of the Lisbon Exchange.
Derivatives trading in Portugal started in 1996, when the Porto Derivatives Exchange was set up. Then the Lisbon and Porto exchanges joined forces in 1999 to form Bolsa de Valores de Lisboa e Porto, which was acquired by Euronext in 2002. After Euronext’s merger with NYSE in 2007, Euronext Lisbon became part of the new NYSE Euronext group.