Euronext new technology platform, Optiq, is now live on cash markets, including equities, structured products, exchange-traded funds (ETFs), and fixed income.
According to Euronext, Optiq is an agile and high-performing platform that gives investors access to trading across all asset classes available on Euronext’s pan-European exchanges.
The implementation of Optiq on cash markets follows the implementation of the Market Data Gateway in July 2017, and the migration of fixed income instruments to the platform in April this year.
The final step in their deployment will be to migrate Euronext derivatives markets to the new platform next year.
Meanwhile, Euronext will continue to work closely with its clients to optimise the use of the platform and make the most of Optiq’s technological advantages for their benefit.
For Euronext, this new milestone is set to bring a significant reduction in hardware footprint and tenfold increase in capacity.
Stéphane Boujnah, CEO and chairman of the managing board of Euronext, said: “The delivery of Optiq for our cash equity products is a turning point for Euronext.”
“Proprietary technology is the propelling power of stock exchanges, and our new platform will enhance our agility and independence, strengthen the value proposition of our federal model, and foster innovation, for the full benefit of our clients.”
Boujnah added: “We remain fully committed to provide our clients with the most effective and relevant service in Europe, and we are proud of what the Euronext teams have achieved, rounding out the execution of our agility for growth strategy.”
