Euronext, a significant player in the European capital market infrastructure, has announced a strategic move to consolidate settlement processes across its markets. As part of its Innovate for Growth 2027 plan, Euronext Securities will become the Central Securities Depository (CSD) for Euronext Amsterdam, Brussels, and Paris equity trades by the latter half of 2026. This development aligns with Euronext’s commitment to enhancing the competitiveness of European capital markets and addressing post-trade fragmentation challenges in the region.
The decision to designate Euronext Securities as the CSD for these markets underscores Euronext’s proactive approach to streamlining post-trade operations and fostering cross-border trading opportunities. By unifying settlement processes, Euronext aims to simplify market access, enhance liquidity, and facilitate compliance with regulatory changes, such as the upcoming transition to a T+1 settlement cycle in Europe by October 2027.
With Euronext being a key listing and trading venue accounting for a significant portion of European equity trading activity, the consolidation of settlement activities under Euronext Securities marks a pivotal step towards building a more integrated European Investment and Savings Union. This move complements Euronext’s previous efforts, including the migration of clearing activities to Euronext Clearing in 2023.
Moreover, Euronext N.V. has announced the transfer of its own shares to Euronext Securities, signaling a tangible opportunity for equity issuers to leverage the benefits of consolidation. Stéphane Boujnah, the CEO and Chairman of the Managing Board of Euronext, emphasized the strategic importance of this initiative in advancing the competitiveness of European capital markets and overcoming obstacles to establishing a cohesive capital market in Europe.
By consolidating settlement operations and leveraging the capabilities of Euronext Securities, Euronext aims to reduce costs, enhance operational efficiency, and offer clients a unified platform for post-trade activities. The move underscores Euronext’s commitment to driving efficiency, mitigating risks, and creating a more robust marketplace for issuers, investors, and financial institutions.
Through this integrated model, clients will benefit from streamlined post-trade processes, improved market access, and increased liquidity. Euronext’s strategic shift towards consolidation aligns with broader industry trends aimed at simplifying market infrastructure, fostering regulatory compliance, and enhancing the overall resilience of financial markets.
Looking ahead, Euronext is poised to collaborate with clients across its markets to implement this innovative model by September 2026, well in advance of Europe’s migration to a T+1 settlement cycle. The move signifies a bold step towards integrating European equity markets and underscores Euronext’s commitment to delivering tangible value to its stakeholders through enhanced operational efficiencies and market access.
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