Euronext Securities launches corporate actions service
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Euronext Securities launches corporate actions service 23 April 2024Amsterdam Reporter: Klea Neza
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Euronext securities has announced the first go-live of its new corporate actions service.
The service uses a platform developed in partnership with software provider Vermeg, to manage the entire lifecycle of corporate actions and delivers automated client experience across all Euronext Securities markets, says Euronext.
The service gives users the opportunity to manage corporate actions across all the Euronext Central Securities Depositories (CSDs) on a single platform.
The service adheres to corporate action standards and applicable legislation such as the Shareholder Rights Directive II.
Pierre Davoust, head of CSDs at Euronext, comments: “European capital markets suffer from fragmentation and complexity. Today’s announcement is only the very first step in Euronext Securities’ journey to tackle these challenges, and better connect European economies to global capital markets.”
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