Thank you FIX Trading Community for a great #FIXEMEA2023, in which Euronext teams and speakers were able to engage with the industry on a wide variety of regulatory, market structure and technical discussions with the aim of improving cash equities and fixed income trading for market participants in Europe and UK, amidst the ongoing #MIFIR Review discussions. On the panel ‘The Price of Liquidity in Equities’, Paul Besson pointed out that: - In addition to the explicit trading fee, Markouts must be taken into account. In the end, what matters for an investor is the comparison between its net trade price versus the EBBO after the trade has happened; therefore, only looking at explicit fees is often misleading, as the rebate-paying venues also display the worst Markouts. - Trading at the Close enables investors to reduce their average continuous market impact by half, saving more than 3bps on average. - Price formation is not a theoretical concept, it has tangible consequences for investors, and market depth matters in price formation. The higher the number of participants at the Close, the lower the pbs for the Jump on Close (continuous to close price gap).
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🔔 Félicitations aux étudiants de la 3ème édition de #NextChallenge avec qui nous avons sonné la cloche jeudi dernier aux côtés de Delphine d'Amarzit! NextWise est une application regroupant des contenus pédagogiques sur le financement par les marchés, permettant aux étudiants de développer une pratique responsable de la gestion de portefeuille via une simulation de #trading. 🎯 Plus de 2000 étudiants participants ont relevé le défi en clubs d’investissement ou en tant qu’investisseurs individuels. Tout au long de leurs parcours, ils ont été conseillés et évalués par un jury de professionnels de la finance présidé par Eric Pinon Eric Pinon, président d’honneur de l’AFG, auquel Alain Baetens, Vincent Boquillon et Tristan Rochefeu d’Euronext ont participé. 🔔 Congratulations to the students of the 3rd edition of the #NextChallenge, with whom we rang the bell last Thursday alongside Delphine d'Amarzit! NextWise is an application gathering educational content on market financing, allowing students to develop responsible portfolio management practices through a trading simulation. 🎯 Over 2000 students took part in the challenge, be it in investment clubs or as individual investors. Throughout their journey, they were guided and evaluated by a panel of finance professionals chaired by Eric Pinon, honorary president of the AFG, with the participation of Alain Baetens , Vincent Boquillon, and Tristan Rochefeu from #Euronext.
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📽️ The #EAC2024 revisited! How to foster the growth of the global industry in Europe? At the 12th edition of the Euronext Annual conference, Sophie Javary, Vice-Chairman CIB EMEA at BNP Paribas explores the three main ingredients to do so: consolidation, innovation and global expansion. Watch the full interview below.
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Congratulations to Sport Lisboa e Benfica [Benfica SAD] for the successful bond issuance on the Euronext Lisbon market! The €50,000 offer has been oversubscribed by 1,35X, being fully subscribed by 4.524 retail investors. 👏 #bonds #benfica #EuronextLisbon
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From Pokémon cards to retirement plans, our financial goals evolve with us. Being financially literate doesn’t mean spending less than you earn, it’s much more. It's about setting goals, planning, and dedication. Whether it's sneakers, education, or exotic travels, understanding money's value paves the way. Check out the Euronext webinar with JA Europe to start building your #financialliteracy! https://lnkd.in/ejmMm_6k
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Welcome to Euronext, Planisware! 👏 #Planisware, a leading business-to-business provider of Software-as-a-Service, serves around 545 customers in over 30 countries across Europe, North America, and Asia. Planisware empowers organizations to plan, optimize, and manage their projects and project portfolios. 🔔The company’s market capitalization on the day of the #listing was approximately €1.1 billion. Planisware has also joined the #EuronextTechLeaders segment. This segment comprises 119 tech companies listed on Euronext that are leaders in their field of activity or demonstrate a very strong growth trajectory. Planisware will benefit from an extended range of services, increased visibility and access to Europe's rich technology ecosystem. The company's listing represents the 11th listing on Euronext in 2024. Read the press release here : https://lnkd.in/eibsfg53
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Did you know that European equity volumes are closer to the US than they appear? 🔍 Looking at the aggregated volumes for each market, the equity value traded in the 🗽 US is x5 higher than in Europe. But what if we exclude the impact of US Mega-Cap companies above €100bn in market cap? 📊 Analysing liquidity across more granular levels of market cap, we observe that the liquidity gap between Europe and the US is narrower than expected: ▪ The Average Daily Value Traded of a Large-Cap company is €146m in US and €116m in Europe (only 1.3x gap) ▪ Similarly, a Mid-Cap stock displays ADVT of €23m in US vs €12m in Europe (only 2.0x gap) ▪ Turnover velocity metrics also confirm robust 💧 liquidity in Europe. 👉 For more information, check out the new study released by the Euronext Equity team: https://lnkd.in/e_ceJ5uP
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🎾 Order, Set and Match your execution performance straight-to-the-point with #Euronext Mid-Point Match, the advanced suite of Dark Mid-Point and Mid-Point Dark-Lit Sweep functionalities embedded within Euronext’s Central Order Book. Available since 8 April 2024 on Euronext’s seven regulated markets, Euronext Mid-Point Match offers a unique pool of liquidity and enables market participants to: ▪ 🔦 leverage both Euronext’s dark and lit trading pools, increasing execution opportunities ▪ trade #stocks at the real mid-point of Euronext’s Primary Best Bid and Offer, without implicit latency cost 💯 ▪ submit dark-to-lit sweep orders interacting at zero latency ⚡, avoiding potential information leakage ▪ lower market impact compared to 💂 London-based MTFs which exhibit a 7-8 millisecond delay ⏲️ in displaying mid-point prices ▪ benefit from flexibility in execution strategies thanks to the Reference price and Large-in-Scale waivers 💡 ▪ take control over orders with the Minimum Acceptable Quantity (MAQ) and Minimum Execution Size (MES) safeguards 🛡️ ➡️ Trade in different shades today: https://lnkd.in/eUsNyhDx Contact: EquitiesTeam@euronext.com
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📽️ The #EAC2024 revisited! At the 12th edition of the Euronext Annual Conference, Xavier Musca, CEO of Crédit Agricole CIB, Deputy CEO of Crédit Agricole SA shares perspectives on how to establish the next growth cycle in Europe. Musca emphasises the significance of redirecting capital outflows from the Euro area towards reinvesting in local opportunities. This entails strengthening infrastructure, advancing green energies, and fostering digital innovation. Watch the full interview below.
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🌷 Thank you FOW for another great #TradingAmsterdam conference last week, enabling local and global players to discuss how the various market participants can grow together the #Derivatives markets in #Europe. Our speakers Dirk Donker and Charlotte Alliot exchanged alongside esteemed panellists on current trends and potential improvements to drive success in European derivatives trading. It was agreed that while the US are a proven vibrant marketplace, Europe - with its unique specificities - remains a dynamic market and great place to develop business, with many avenues for progress.📈 🤝 Aligned with the ambitions of the #CMU, Euronext’s ongoing efforts for market consolidation, value chain integration, product innovation and education aim at building progressively a robust and cost-efficient framework for trading members, market makers and investors alike, from institutional to retail markets of all sizes and geographies. 💡 Euronext’s Equity Derivatives franchise has seen strong developments and growth in its Single Stock Options and TRF businesses notably: - On Euronext Amsterdam, retail represents 25% of flows, and the AEX options 35% of our overall Dutch volumes - 40 years ago, #Euronext started investing in education for retail, and with renewed investor profiles, we are continuing to develop new adapted content and product solutions - We believe the TRF, encompassing rates and dividends into a single benchmark, will be a game-changer for EU businesses - The CAC40 TRF benefitted from a 35% growth in 2023 with nearly 40bn of nominal value, and we strive to further develop TRFs for asset managers - Euronext recently launched Daily options on the CAC40 index, following its Daily options launch on the AEX in 2008, and will continue to enrich its product offering in the years to come - With the migration earlier this month of Borsa Italiana’s derivatives onto Euronext’s Optiq technology, integrating the IDEM market, we will provide substantial added-value for investors 📣 Our upcoming Euronext Clearing expansion for Commodity and Financial Derivatives by Q3 2024 will enable greater product innovation and offer increased efficiencies for our clients. #trading #derivatives #clearing
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The Euronext Universal Registration Document 2023 is available for download. In 2023, #Euronext demonstrated exceptional resilience and growth, showcasing its diversified portfolio and strengthened position in the market. The company achieved record revenue close to €1.5 billion, driven by robust performances in non-volume related activities, as well as fixed income and power trading franchises. This impressive financial performance was underpinned by trademark cost discipline, favorable FX impacts, and strategic accruals release, resulting in lower costs compared to guidance. Consequently, Euronext achieved an adjusted EBITDA of €864.7 million, translating into an adjusted EPS of €5.51. Reflecting this success, a total dividend of €256.8 million will be proposed at the upcoming annual general meeting in May 2024. Read more and download the full document here: https://lnkd.in/epARP_9Q
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