Euronext introduces Optiq®, the new technology pl
Post# of 301275
CONTACT - Media: | CONTACT - Investor Relations: | |||||
Amsterdam | +31.20.721.4488 | Brussels | +32.2.620.15.50 | +33.1.70.48.24.27 | ||
Dublin Paris | +353.1.617.4266 +33.1.70.48.24.45 | Lisbon | +351.210.600.614 |
EURONEXT INTRODUCES OPTIQ®, THE NEW TECHNOLOGY PLATFORM POWERING CASH MARKETS
Amsterdam, Brussels, Dublin, Lisbon, London and Paris - 10 July 2018 - Euronext, the leading pan-European exchange in the Eurozone, announces that Optiq®, its new cutting-edge trading platform, is now live on cash markets, including equities, structured products, ETFs and fixed income. 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.
Developed in-house by Euronext teams in close collaboration with clients, Optiq® provides cutting-edge performance in terms of latency as well as time to market and flexibility. With modular architecture and the latest generation of components, the platform facilitates the introduction of new products and functionalities for the benefit of Euronext's clients.
Optiq® has demonstrated an average performance latency of as low as 15 micro-seconds for order roundtrip as well as for market data, and is highly scalable to accommodate unlimited capacity. Since it went live on 25 June, the platform has handled more than 14 billion messages and 18.8 million trades. Optiq® comes with improved surveillance and monitoring services which, in addition to its technological performance, equip Euronext's markets and clients with a highly resilient platform, in particular in times of volatility.
The introduction 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 2018 [1] . The final step in Optiq®'s deployment will be to migrate Euronext derivatives markets to the new platform next year. 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 brings a significant reduction in hardware footprint and a tenfold increase in capacity. It also paves the way for the migration of Euronext Dublin's cash markets onto Optiq®, which is planned in Q4 2018 [2] . Optiq® will also power Euronext's new ETF MTF as part of the Agility for Growth strategic plan.
Euronext offers Optiq® to other leading exchanges and venue operators; Luxembourg Stock Exchange is already benefiting from Optiq® and five other exchanges around the world have begun Optiq® migration projects.
Stéphane Boujnah, Chief Executive Officer 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. 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."
Appendix - Further information on Optiq ® and Euronext's markets: Optiq® is Euronext's proprietary technology platform with cutting-edge performance across all Euronext's markets and asset classes. Euronext offers a wide range of products, including: 1,292 equities from blue-chips to SMEs on Euronext, Euronext Growth and Euronext Access 5,692 fixed income products 801 ETFs 73,331 structured products more information at www.euronext.com/technology-solutions/exchanges/optiq
CONTACTS -
Media Pauline Bucaille (Europe): +33 1 70 48 24 41; pbucaille@euronext.com Alice Jentink (Amsterdam): +31 20 721 4488; ajentink@euronext.com Pascal Brabant (Brussels): +32 2 620 15 50; pbrabant@euronext.com Ailish Byrne (Dublin): +353 1 6174266 ; abyrne@euronext.com Sandra Machado (Lisbon): +351 210 600 614; smachado@euronext.com Aïchata Tandjigora (Paris): +33 1 70 48 24 43, atandjigora@euronext.com
Analysts & investors Aurélie Cohen / Clément Kubiak: +33 1 70 48 24 27; ir@euronext.com
About Euronext Euronext is the leading pan-European exchange in the Eurozone, covering Belgium, France, Ireland, The Netherlands, Portugal and the UK. With 1,300 listed issuers worth €3.9 trillion in market capitalisation as of end June 2018, Euronext is an unmatched blue chip franchise that has 24 issuers in the Morningstar® Eurozone 50 IndexSM and a strong diverse domestic and international client base. Euronext operates regulated and transparent equity and derivatives markets and is the largest centre for debt and funds listings in the world. Its total product offering includes Equities, Exchange Traded Funds, Warrants & Certificates, Bonds, Derivatives, Commodities and Indices. Euronext also leverages its expertise in running markets by providing technology and managed services to third parties. In addition to its main regulated market, Euronext also operates Euronext GrowthTM and Euronext AccessTM, simplifying access to listing for SMEs. For the latest news, find us on Twitter (twitter.com/euronext) and LinkedIn (linkedin.com/euronext).
Disclaimer This press release is for information purposes only and is not a recommendation to engage in investment activities. This press release is provided "as is" without representation or warranty of any kind. While all reasonable care has been taken to ensure the accuracy of the content, Euronext does not guarantee its accuracy or completeness. Euronext will not be held liable for any loss or damages of any nature ensuing from using, trusting or acting on information provided. No information set out or referred to in this publication may be regarded as creating any right or obligation. The creation of rights and obligations in respect of financial products that are traded on the exchanges operated by Euronext's subsidiaries shall depend solely on the applicable rules of the market operator. All proprietary rights and interest in or connected with this publication shall vest in Euronext. This press release speaks only as of this date. Euronext refers to Euronext N.V. and its affiliates. Information regarding trademarks and intellectual property rights of Euronext is located at www.euronext.com/terms-use . © 2018, Euronext N.V. - All rights reserved.
The Euronext Group processes your personal data in order to provide you with information about Euronext (the "Purpose"). With regard to the processing of these personal data, Euronext will comply with its obligations under the Regulation (EU) 2016/679 of the European Parliament and of the Council of 27 April 2016 on the protection of natural persons with regard to the processing of personal data and on the free movement of such data (General Data Protection Regulation, "GDPR"), and any applicable national laws, rules and regulations implementing the GDPR. In accordance with the applicable legislation you have a right to access your personal data and a right to the rectification, erasure, restriction of processing, data portability or to object to the processing of your personal data. You may also submit a complaint to the competent data privacy authority. For any request regarding the processing of your data, please use our data subject request form or email our Data Protection Officer at dpo@euronext.com . Your personal data will be retained as long as necessary for the Purpose and will be accessible only to the extent necessary for this specific Purpose.
[1] For the full timetable, please visit: www.euronext.com/optiq/timetable
[2] Subject to regulatory approval.
Attachment