Euronext Transforms Borsa Italiana with Optiq® Platform Migration

The Borsa Italiana, a significant player in the European financial market, has recently undergone a migration to the Optiq® platform by Euronext, marking a pivotal phase in integrating the Italian market into Europe’s largest liquidity pool. This migration, completed efficiently in just nine months, signifies a significant step towards enhancing the Italian capital markets and offering a range of benefits to investors, issuers, and the broader financial ecosystem.

The successful migration of Borsa Italiana to the Optiq® platform was a result of close collaboration with clients, meticulous planning, and effective communication strategies. Camille Raizin, Head of Transformation at Euronext, emphasized the importance of clear guidelines and strong client relationships in managing such a complex process. The dedicated teams at Euronext worked tirelessly to ensure minimal disruption and provide clients with the necessary support and information throughout the migration process.

To keep clients informed and prepared, Euronext established a dedicated client-facing team and conducted extensive communication efforts, including webinars, one-on-one meetings, and regular updates. The implementation of a shared tracker and detailed customer journey mapping further facilitated a smooth transition for clients. Dress rehearsals were conducted to ensure all systems were functioning correctly, leading to a successful migration with positive feedback from clients.

The migration to the Optiq® platform not only benefits the Italian market but also extends advantages to Euronext investors across all markets. Manuel Bento, Group COO at Euronext, highlighted the harmonization of best practices and the incorporation of innovative features from Borsa Italiana’s trading platform into Optiq®. This integration allows Euronext investors to access a broader range of trading services and products, enhancing their trading experience and efficiency.

Euronext’s track record of successful migrations, including the integration of other exchanges onto the Optiq® platform, demonstrates the company’s commitment to operational excellence and client service. The migration of Borsa Italiana to Optiq® aligns with Euronext’s goal of providing a seamless and harmonized trading framework across all its venues, benefiting clients through improved efficiency and market access.

Looking ahead, Euronext has already begun working on phase two of the migration, which will cover fixed income, warrants, and certificates, with further phases planned for the coming years. The expansion of Euronext Clearing to all markets will provide clients with a unified clearing framework, enabling cross-margining and enhanced trading activities across different asset classes. The migration to Optiq® not only enhances operational efficiency but also contributes to Euronext’s sustainability goals by reducing carbon footprint and promoting environmental responsibility.

In conclusion, the migration of Borsa Italiana to the Optiq® platform represents a significant milestone in Euronext’s mission to empower sustainable growth and provide innovative solutions to clients and investors. By leveraging cutting-edge technology and best practices, Euronext continues to drive efficiency, transparency, and market integration, setting a new standard for financial market operations in Europe.