Euronext, the pan-European stock exchange, differs from major U.S. exchanges like the NYSE (New York Stock Exchange) and NASDAQ in several key ways. First, Euronext operates across multiple European countries, including France, Belgium, the Netherlands, and others, making it a truly international exchange with a diverse range of listed companies. In contrast, the NYSE and NASDAQ are primarily U.S.-focused, though they also host many international listings.

Secondly, Euronext offers a broader range of financial instruments, including equities, derivatives, commodities, and ETFs, catering to a wide variety of investors. While the NYSE and NASDAQ also provide diverse products, NASDAQ is particularly known for its tech-heavy listings, whereas Euronext has a more balanced representation of industries.

Thirdly, Euronext emphasizes supporting small and medium-sized enterprises (SMEs) through dedicated markets like Euronext Growth, whereas the NYSE and NASDAQ are more focused on large-cap companies. This makes Euronext a more accessible platform for smaller businesses in Europe.

Lastly, Euronext operates under a decentralized model, with trading floors in multiple European cities, while the NYSE and NASDAQ are centralized in the U.S. This structure allows Euronext to cater to regional markets while maintaining a unified trading framework. Despite these differences, all three exchanges play crucial roles in global finance, each with its unique strengths and focus areas.