NYSE Euronext (NYX) is pleased to announce the priorities identified by members of its Strategic Planning Committee for SMEs at their first meeting, held 23 March 2012 in Paris, as well as the agenda the Committee has set itself. At this first session, it also reviewed the results of a survey of small and mid-caps conducted by TNS Sofres, reports 4traders.
Priorities and agenda defined by the Strategic Planning Committee
18 April 2012 in Lyon, and working groups have been set up for the session.
"Which market for SMEs" will be the main subject of the Committee's third meeting, to take place on 22 May 2012 in Brussels. Members will examine the economic, legal and financial structures as well as resources.
A summary of the work of the Strategic Planning Committee will be drawn up at the 12 June 2012 meeting in Marseilles. After a progress report at the summer session for company heads on 30 June 2012 in Porto, a full report of the Committee's work will be published and presented at the Paris Europlace Journées in July 2012, and then to main market organizations and stakeholders between now and the end of September 2012.
Results of the survey and recommendations for implementing strategic guidelines will be presented to the NYSE Euronext Board of Directors in Paris and distributed to the market in September 2012 after these have been finalized and adopted in Amsterdam.
Following this first meeting of the Strategic Planning Committee, several proposals were made to give the market for listed SMEs a fresh boost, including European deployment of the new bond option for issuing, placing and trading corporate bonds. This has been validated by members of the Committee and has their strong support.
TNS Sofres Survey of SMEs
In November 2011, NYSE Euronext commissioned a survey on SME expectations for financing from TNS Sofres. The aim was to collect client feedback on services at the time of listing and on current services available to companies listed on NYSE Euronext's French market, and to identify areas for improvement and development. The sample group included 123 SMEs, of which 23% were listed in compartment B, 50% in compartment C, and 27% on NYSE Alternext.
Main conclusions of the survey presented to members of the Strategic Planning Committee as summarised below:
Listing: user satisfaction was tested over timeand by a particularly difficult market environment
Listing and SME financing-a paradox that demands attention
NYSE Euronext day to day-service quality is good
"We find the results of the TNS Sofres Survey extremely useful, and in recent months invaluable in fine-tuning our service offering for issuers, particularly the SMEs that make up 80% of the companies listed with us. We are aware that the economic environment in which respondents found themselves had an unsettling and lasting impact on entrepreneurs' confidence and outlook. And we are dedicated to adapting the solutions and services we offer to ensure that our clients have a cutting-edge platform, along with the most liquid and most efficient market model in the world,"said Dominique Cerutti, President and Deputy CEO at NYSE Euronext.
"I want to thank the Strategic Planning Committee for its dedication and active participation in this first meeting. Members have undertaken a complete analysis of how these companies obtain financing on the market; they have read recent reports on the market as well as our commitments to facilitating SME access to listing,"he added. "As a result, the conclusions of the ambitious programme that we have agreed to pursue together will take the form of a survey and will be presented in July 2012."