Euronext Announces the Migration of Borsa Italiana Equity and ETF Markets to Optiq

Euronext, the leading pan-European market infrastructure, today announced the successful migration of the equity and ETF markets of Borsa Italiana, part of Euronext Group, to Optiq, Euronext’s proprietary state-of-the-art trading platform.

This migration was completed on schedule on 27 March 2023, 22 months after Borsa Italiana joined Euronext, and 9 months after the successful migration of the Euronext Core Data Centre from the United Kingdom to Italy. This historic migration is a key milestone in the Borsa Italiana Group integration process, and will deliver substantial immediate revenue synergies, contributing to the delivery of the €115 million annual run-rate synergy targets for 2024.

With this move, Euronext confirms its position as the leading trading venue in Europe. The Euronext unique trading platform Optiq handles 25% of European equity trading activity, with thousands of active institutional and retail investors.

Fabrizio Testa, CEO of Borsa Italiana and Head of Fixed Income Trading, said: “By joining Euronext’s largest European liquidity pool, we are further strengthening Italian capital markets. Having access to a considerably larger number of investors, a larger network of trading participants and to superior market quality, will bring significant benefits to Italian issuers, members, investors and the real economy, as well as to the European financial markets ecosystem.”

Stéphane Boujnah, CEO and Chairman of the Managing Board of Euronext N.V., said: “Following the successful migration of our Core Data Centre into the European Union completed in June 2022, we have now achieved the migration of the equity and ETF markets of Borsa Italiana, 22 months after the closing of the Borsa Italiana Group acquisition. This migration contributes to the delivery of the €115 million run-rate annual synergies related to the Borsa Italiana Group acquisition targeted by the end 2024.”