Euronext, the operator of four European stock exchanges, is set to launch a new service to attract more large equity trades without falling foul of Europe’s incoming Mifid II rules, in a move that follows hot on the heels of a similar initiative by Bats Europe.

The Paris-based operator of four European stock exchanges in Brussels, Paris, Amsterdam and Lisbon is planning to launch an amended version of its iceberg order types by the end of this year.