Almost equaling the Hong Kong exchange in size with a market cap of $3.32 trillion, Euronext is only 16 years old. Euronext is a cross-border stocks loans and securities lending exchange market that came about after the merger of Paris, Brussels and Amsterdam stocks exchanges in 2000. Between 2001 and 2003, Euronext went ahead to acquire the London International Financial Futures and Options Exchange, Bolsa de Valores de Lisboa e Porto and the Portuguese stocks exchange. in 2007, Euronext completed a merger with NYSE group and became NYSE Euronext. Euronext manages one of the world most liquid exchanges. The exchange has over 4,000 listed companies and a total market capitalization of $30.5 trillion. Euronext has a combination of four national markets in Europe that engage in stocks trading of major companies in each of the participating country. The main national indices representing the countries` stocks are BEL 20, CAC 40, AEX-index and PSI 20. Most recently, Euronext acquired 51% of the London-based securities trading online platform SecFinex. One of the major motivators behind the sale is that SecFinex that was developed in 2000 requires technology upgrade for the webbased system to work effectively. Euronext was expected to use SecFinex which will still remain an independent firm to improve the liquidity of the securities lending market in Europe.