Euronext Clearing’s Post

Milestone achieved: the migration of Euronext's clearing operations from LCH SA to Euronext Clearing is now complete. This final phase marks the full integration of the Borsa Italiana Group and immediately positions Euronext Clearing as a leading multi-asset class clearing house in Europe, while strengthening Euronext as the foremost pan-European market infrastructure, fully integrated across the trading value chain. This is a true example of how we are building the future of European markets. Together. Many congratulations to all teams involved ! #EuronextClearing #EuropeanCapitalMarkets

Last week Pierre Davoust, Olga Jordao and Giorgio Modica represented Euronext at the European Commission’s Roundtables on Consolidation Summit in Brussels. They participated in insightful panels, addressing one of the biggest challenges for a stronger European #CapitalMarkets Union: market fragmentation. Post-Trade consolidation is a key priority for #Euronext, as we aim to address issues across the value chain, to ultimately build a more competitive and unified European capital market. At Euronext Securities, this issue is tackled head-on by promoting consolidation, integration and simplification across our four CSDs in Denmark, Italy, Norway and Portugal, to support all Euronext’s primary and secondary markets. The recent migration of all Euronext’s cash, fixed income, repo and derivatives trading onto a single clearing house, Euronext Clearing, also delivers greater efficiencies, harmonisation and stability for its clients, and paves the way for further innovation and growth.

Euronext, the leading pan-European market infrastructure, has successfully expanded our clearing activities to cover all its financial derivatives markets. This achievement completes the migration from LCH SA to Euronext Clearing, marking the end of their contractual relationship. This final phase, accomplished in September 2024, is a key part of Euronext's ‘Growth for Impact 2024’ strategy and follows its acquisition of the Borsa Italiana Group three years ago. Over the past three years, Euronext has smoothly transitioned its core data centre from the UK to Italy, migrated Borsa Italiana’s markets to its Optiq® trading platform, and extended Euronext Clearing’s services across all its cash and derivatives markets. This solidifies #Euronext’s position as a key player in European finance, with its clearing house now the third-largest in Europe. We reflect on the pivotal moments and this remarkable achievement, a testament to the dedication of our global teams, leaving a lasting legacy in Euronext's story as well as in the evolution of capital markets. Read the press release: https://lnkd.in/eYpBY2uZ

An article from Il Sole 24 Ore details the latest developments in the integration of Borsa Italiana into Euronext with the migration of commodity derivatives clearing to Euronext Clearing. This step marks a key milestone in the integration process, strengthening Euronext's position as a leading European market infrastructure. Since July, Euronext Clearing has been managing about 250,000 lots per day, holding a total of 14.1 billion euros in margins deposited, including 50 million euros for commodities derivatives. The completion of the integration process is expected by the third quarter of 2024, with the clearing of financial derivatives. In announcing the quarterly results, Euronext CEO Stéphane Boujnah emphasized that this move contributes to reducing fragmentation in the European #posttrading landscape and acts as a catalyst for innovation for clients.

Ahead of our strategic plan announcement, we’re pleased to present Euronext’s Q3 2024 results, highlighting a strong performance driven by our diversified business model, Euronext Clearing’s expansion, and continued cost discipline. We’ve achieved our “Growth for Impact 2024” targets a full quarter ahead of schedule. On 7 November 2024, #Euronext reported a 10.0% increase in Q3 revenue, reaching €396.3 million: ▪ Non-volume related revenue posted a solid performance. Euronext Securities revenue grew by +7.1% compared to Q3 2023. We recorded double-digit growth in Advanced Data Services, and we maintained our position as the top-ranking equity listing venue in Europe. ▪ Our trading revenue grew by +15.7% year on year, driven by another record quarter of fixed income trading revenue and a dynamic performance of diversified trading. ▪ Lastly, Euronext Clearing’s performance continued to benefit from the huge success of the expansion of Euronext Clearing to pan-European products, growing +19.3%. We look forward to sharing our plans for future growth and innovation tomorrow, 8 November 2024 at #EuronextInvestorDay2024. Read the press release: https://lnkd.in/e6jJ9cDX

Euronext is proud to announce the successful migration of Borsa Italiana’s Derivatives to Optiq®, #Euronext’s state-of-the art trading platform. This remarkable achievement was executed flawlessly and went live on schedule on Monday, 25 March 2024. This successful transition marks the completion of the last phase of our comprehensive migration plan for Borsa Italiana markets onto Optiq®. The earlier integration of Equities, ETFs, and Funds in March 2023, and Fixed Income, Warrants and Certificates in September 2023, paved the way for this accomplishment. This milestone achievement underscores Euronext’s unwavering commitment to providing a unified trading experience across its markets. The seamless integration of Borsa Italiana’s Derivatives onto the Optiq® platform marks a significant step forward in our journey towards fostering greater efficiency, transparency, and accessibility within European capital markets. By consolidating all products onto a common technology platform, Euronext ensures a harmonised trading environment, enabling a single liquidity pool and streamlined access to a full suite of services for investors and issuers alike. This convergence not only enhances market efficiency but also reinforces Euronext's position as the leading listing and trading venue in Europe. We owe this achievement not only to the dedication of the Euronext team but also to our valued clients, partners, and regulators who collaborated tirelessly throughout this journey. Together, we've consolidated Euronext's position as the leading listing and trading venue, boasting the largest liquidity pool in Europe with superior market quality. Read the press release: https://lnkd.in/eqdPkUni

Euronext Clearing will be attending FOW #TradingAmsterdam24 and speaking on a panel about the evolution of clearing at Euronext’s bi-annual Retail Broker Advisory Committee at Euronext Amsterdam in less than 3 weeks. Catch Roberto Pecora, Cristina Belloni and Lioudmila Abramova at the Euronext booth of the FOW conference, to discuss final steps and latest news before Euronext Clearing expansion to all Euronext’s #commodities and financial #derivatives markets by Q3 2024. This key milestone to create a robust, cross-border and multi-asset clearing house for Euronext aims at further fostering unified European capital markets, and helping our customers develop their business thanks to quick time-to-market, greater efficiencies and a trusted clearing environment. #posttrade #clearing

What a week it has been at Euronext! We announced the Euronext MTS Markets EGB Broad Index Family, setting a new standard for European sovereign bonds. Leveraging MTS’ trusted pricing data, this new index family offers unmatched transparency and precision across Eurozone countries. We also announced the acquisition of Substantive Research Ltd, enhancing our ability to provide market data benchmarking. This integration into Commcise empowers asset managers with unique tools to manage investment research and comply with regulations more efficiently. Lastly, we successfully completed the expansion of Euronext Clearing across all financial derivatives markets. This milestone completes the Borsa Italiana integration and solidifies Euronext Clearing's position as Europe’s leading multi-asset class clearing house. 🏊♂️ I managed to squeeze in a refreshing swim this morning – the perfect way to clear my mind after a busy week. Speaking of #wellbeing, thanks to Marianne for the great tips and to Elena for the excellent reading recommendation for the weekend. Great team! Feeling energized for what’s to come! #Innovation #Leadership #BondMarket #Teamworking #Growth #Wellbeing #Finance

In 2023, Euronext achieved strong growth in revenue and income, nearing €1.5 billion, driven by fixed income trading and non volume related activities. Our business is now stronger and more diversified than ever, combined with best-in-class cost discipline. Progressing with our 'Growth for Impact 2024' strategic plan, we expanded Euronext Clearing to our cash markets across Europe. The migration of Borsa Italiana’s derivatives to Optiq in Q1 2024 and the expansion of Euronext Clearing to Euronext listed derivatives by Q3 2024 will complete our presence on the entire trading value chain and will position Euronext ideally to capture future growth opportunities. As we celebrate the 10 year anniversary of our IPO in 2024, I am looking forward to deep-diving the opportunities that this profound transformation will offer for Euronext at our Investors Day in November 2024. Read more here: https://lnkd.in/eueD-bhx

We are looking forward to the 'US roadshow: How to enter the European UCITS ETF market' later this month. Stephen Carson, joins a panel of experts from Nasdaq, U.S. Bank and HANetf to discuss the European ETF landscape, regulatory considerations, administration, innovation and growth potential. The events are hosted in New York on 24 September, Boston on 25 September and Chicago on 26 September. For more information and to register: https://lnkd.in/eRrw5hMm #ETF #IrishFunds #EuropeanETFs #AssetManagement #InvestmentFunds