Euronext Clearing Expands to Euronext Cash Markets

Euronext, the leading pan-European market infrastructure, announced Thursday (November 30) the expansion of its clearing offering for Euronext cash markets, marking the achievement of the first major strategic milestone for Euronext Clearing.

Following the expansion of clearing activities to Euronext Brussels cash markets on 6 November 2023, Euronext successfully expanded its clearing offering, on schedule, to the cash markets in France, Ireland, the Netherlands, and Portugal on 27 November 2023. As of that date, the pan-European clearing house Euronext Clearing now clears equities, ETFs, structured products, warrants, and bonds across six Euronext markets. 

This major step paves the way for the expansion of Euronext Clearing activities to Euronext's listed and commodity derivatives in Q3 2024. 

Through its expanded pan-European multi-asset-class CCP, Euronext will directly operate clearing activities for cash, listed derivatives, and commodities markets by the end of 2024, providing one single platform for clients to manage their collateral, and access information on collateral, risk, and clearing. The implementation of harmonized clearing allows market participants to streamline their entire trade lifecycle within Euronext and to leverage Euronext Securities to access T2S.

Stéphane Boujnah, CEO and Chairman of the Managing Board of Euronext, said: "The successful expansion of the Euronext Clearing offering to Euronext cash markets is a significant milestone in the delivery of our Euronext 'Growth for Impact 2024' strategic plan and demonstrates our capacity to timely and seamlessly integrate and expand European market infrastructures. This move will enable us to further cater to our clients along the entire trading value chain, unlocking new opportunities to develop innovative solutions in a more agile way. This achievement is another step towards establishing Euronext as the leading market infrastructure in Europe to provide a unparalleled access to unified European financial markets and to be the backbone of the Capital Markets Union in Europe. Thanks to the commitment of our teams and clients, we have once again demonstrated our unique capability to deliver complex projects to shape capital markets for future generations."

Anthony Attia, Euronext Global Head of Derivatives and Post-Trade, said: "Euronext's extensive European presence positions it with the necessary infrastructure to establish a resilient pan-European clearing house. The efficiency and market security of a clearing house relies on its ability to manage various asset classes and markets, and Euronext is leveraging the diversity of its different markets to enhance Euronext Clearing, as a truly European clearing provider. This endeavour has involved substantial investments in technology, talents, and a new risk framework, with the backing of clients to ensure its success. We have reached our objective to achieve critical mass, to provide an entry point and optimal support for the financial community and to enable our clients to benefit from significant risk and collateral efficiencies. Now present across the entire trading value chain, Euronext is a unique point of entry to European capital markets, from pre-listing to post-trade through T2S, and in this way further builds unified European capital markets."