Euronext Dublin Listings Migrate To Optiq
Euronext announced the successful migration of the 53 companies currently listed on Euronext Dublin to Euronext’s state-of-the-art proprietary trading platform, Optiq®. This transition completes the equity migration from the Irish Stock Exchange plc to Euronext Dublin.
We are pleased to announce the successful migration of the 53 companies currently listed on Euronext Dublin to Euronext’s proprietary trading platform, Optiq® https://t.co/F0YaCSpZ0m | @euronext_ie pic.twitter.com/6wEPRkfJ5Y
— Euronext (@euronext) February 5, 2019
Companies listed on Euronext Dublin now join the 1,300 listed issuers, together with a combined market capitalisation of over €3.4 trillion, already operating on the next generation trading platform launched in June 2018.
These listed companies can now avail of the benefits of trading on Optiq, and by joining a single, pan-European order book with thousands of investors, are now on a platform with their EU peers and have access to deeper pools of international capital. As part of being listed on Euronext, Dublin listed companies now have access to the proprietary issuer services of Euronext, including the online Connect portal which gives them access to their trading data, and corporate services such as Investor Relations Manager, My Share Price Live, Skope, and Company Webcast Solutions.
In addition, as part of the transition which occurred on 4 February 2019, Euronext Dublin has changed the name of its two key markets to align with the rest of the Euronext group. The ‘Main Securities Market’ (MSM), has been renamed ‘Euronext Dublin’, whilst the ‘Enterprise Securities Market’ (ESM) is now ‘Euronext Growth’. There have been no substantive rule changes or functionality changes to these markets. The ‘Global Exchange Market’ (GEM) and ‘Atlantic Securities Market’ (ASM) remain unchanged.
Daryl Byrne, CEO of Euronext Dublin and Head of Debt & Funds Listing and ETFs, said: “This is a fantastic day for Euronext Dublin. We are excited to extend the benefits of the Euronext model to all of our listed companies and trading members. Irish listed companies can now enjoy access to deeper and broader pools of international capital, enhanced corporate services and visibility as part of this single pan-European orderbook alongside their European peers. We are now in a stronger position to offer more listing solutions to scaling Irish companies looking to access permanent capital through a listing on Euronext which has nearly 1,000 listed SMEs and is the number one listing venue for technology SMEs in continental Europe. We look forward to continuing to work with our listed companies and the Irish ecosystem to unlock the growth and opportunities that participating in a single, pan-European exchange offers.”
Stéphane Boujnah, CEO and Chairman of the Managing Board of Euronext, said: “As the only pan-European exchange operator and liquidity pool, Euronext now provides listed companies and trading members in Ireland with leading-edge technology, a seamless way to interact and break down barriers to capital and growth, for the benefit of financing the real economy.This is a key milestone in the integration roadmap of Euronext Dublin as they will now be able to leverage the full power of Euronext’s proprietary trading platform, Optiq, and the unique features that come with it. All of this within eleven months after the closing of the acquisition and seven months after the introduction of Optiq to all our issuers. Working hand in hand with the Irish financial and business community, we are very proud of this achievement.”
Upstart exchange has seen market share increase to near 4%.
Natural Asset Companies are sustainable enterprises that hold the rights to ecosystem services.
The World Federation of Exchanges published its first-half highlights.
Buy-side firms can discover liquidity more efficiently and execute on Turquoise.
With Eugene Kanevsky, James Redbourn, and Joanna Wong, CLSA