Euronext, the pan-European market infrastructure leader, has announced the successful migration of Italian derivatives trading to Optiq®. This is the third and final step in the process of transitioning the Bolsa Italiana market to Euronext’s state-of-the-art proprietary trading. Optiq® platform. This transition is the last in an ambitious plan to integrate the Italian market into the Euronext single trading platform, and was completed less than three years after the acquisition of the Borsa Italiana Group.
The migration of Borsa Italiana to Optiq® was carried out with the ultimate aim of maximizing the mutual benefits of the Euronext harmonization process and minimizing disruption to the Italian market and other markets within the group.
This key outcome of the Growth for Impact 2024 strategic plan is at the heart of Euronext’s ambition to create a single liquidity pool across markets, leveraging a single technology platform. The seamless integration of Borsa Italiana’s markets into his Optiq® platform ensures a harmonious trading environment and streamlined access to a suite of services for both investors and issuers. This integration will improve market efficiency and strengthen Euronext’s position as Europe’s leading listing and trading venue.
During 2024, Euronext announced the final major milestone in its “Growth for Impact 2024” strategic plan, namely the expansion of Euronext Clearing into Euronext-listed financial and commodity derivatives by the third quarter of 2024. We are well on our way to achieving our goals. Together with the Italian derivatives transition and the partnership with Optiq®, this will significantly contribute to achieving his €115 million synergy target by the end of 2024.
Stefan Buzina, CEO and Chairman of the Board of Euronext NV, said: Euronext is the first and only market infrastructure with a fully integrated trading platform spanning stock and derivatives markets, acquired over many years. This milestone reaffirms our firm commitment to delivering a complex transition to further strengthen our single trading platform, harmonized rulebook, and single liquidity pool model. Now that the transition of Borsa Italiana’s derivatives trading is complete, our team is focused on development and organic growth projects supported by strong IT capabilities. Euronext continues to deliver innovative solutions and best-in-class services, while reaffirming its commitment to shaping the future of European capital markets. “
Fabrizio Testa, CEO of Bolsa Italiana, said: “The transition of Bolsa Italiana’s derivatives trading to Euronext’s Optiq is a® The platform completes an ambitious integration plan and represents an important step forward for the Italian capital markets. By joining Euronext’s single technology, hosted in our core data center near Bergamo, we strengthen our local and global markets and benefit Bolsa Italiana and Euronext’s expanded customer base. We support the expansion of complementary business mixes that bring ”
Source: Euronext
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