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Euronext Amsterdam

posted onAugust 29, 2019

Although the origins of stock exchanges can be traced back to the stock exchange in Antwerp (1460), the Amsterdam Stock Exchange (currently Euronext Amsterdam) is considered the oldest in the world.

It was established in 1602 by the Dutch East India Company (Verenigde Oostindische Compagnie or VOC) who came up with the idea of issuing shares in order to finance their maritime activities. VOC needed a stock exchange building however, in order to be able to trade the shares.

The city council of Amsterdam decided to build a new stock exchange building and hired Hendrick de Keyser to design one. In 1611, his stock exchange was completed and Beurs van Hendrick de Keyser became the venue for the trading of VOC shares. The Beurs van Hendrick de Keyser was demolished in 1835 due to subsidence and was replaced by the Beurs van Zocher.

At the end of the 19th century trade was flourishing and a growing number of people decided to move to the city. In 1896, the Amsterdam administration therefore decided to allow the construction of a new stock exchange to go ahead, the Beurs van Berlage.

Amsterdam Stock Exchange
Engraving depicting the Amsterdam Stock Exchange, built by Hendrik de Keyser c. 1612.

The Amsterdam Stock Exchange Association achieved a first success in its struggle for a better place to stay in 1903. Securities trading got its own trading floor in the Beurs van Berlage, which had its opening in the same year.

During the opening of the building, four types of exchanges were introduced. The stock exchange, the shippers’ trade exchange, the corn exchange and the commodity exchange each had their own hall with meeting and auction rooms to do business. Securities trading continued to grow and moved to a brand new place of its own at Beursplein 5-a creation of architect Jos Cuypers- by the end of 1913. 

The Wall Street crash of 1929, the Great Depression and the Second World War put an end to the era of growth and optimism.

In the 1950's the Amsterdam Stock Exchange started a PR campaign with the motto “The prosperity of our country will immensely benefit from a well-functioning exchange system.”

The initiative bore fruit: after a while, the number of private investors and the stock market turnovers was on the increase again.

In 1978 the first options exchange in Europe, the European Options Exchange (EOE) was established in Amsterdam. Almost two decades later, in 1997 the Amsterdam Stock Exchange and the EOE merged.

Three years later, the Amsterdam Stock Exchange, merged with the Brussels Stock Exchange and the Paris Stock Exchange to form Euronext. In 2002, the Lisbon Stock Exchange and London derivatives exchange LIFFE also joined this first European cross-border exchange. In 2007, Euronext merged with the New York Stock Exchange to form NYSE Euronext (NYX).

Following a take-over purchase and a subsequent split up of this transatlantic exchange group, Euronext has been independent again since June 2014. In March 2018, Euronext completed the acquisition of the Irish Stock Exchange. In June 2019, Euronext expanded its footprint on the continent even further by completing the acquisition of Oslo Bors.

Euronext is the leading pan-European exchange in the Eurozone with nearly 1,300 listed issuers worth close to €3.9 trillion in market capitalisation. The Euronext Amsterdam team consists of over 120 professionals, located in the iconic exchange building at Beursplein 5.

Euronext Amsterdam CEO

Key people:
Simone Huis in ‘t Veld (CEO of Euronext Amsterdam and member of the Managing Board of Euronext N.V)
Mrs Simone  Huis in ‘t Veld  joined Euronext on 1 October 2019, from Deutsche Bank Nederland, where she has held various leadership positions since 2010. Mrs Huis in ‘t Veld has over fifteen years of senior management experience in the Dutch financial sector, of which ten years were in Executive/Board roles, with a focus on human capital, legal, compliance, regulatory affairs, operations and governance.

Phone:+31 (0) 20 721 4444
Address: Postbus 19163, 1000 GD Amsterdam, The Netherlands

(Last updated 02/10/2019)

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