By Mark McSherry
Euronext has announced it is planning a big diversification into “new activities and asset classes” across Europe.
Euronext said it will expand its data product portfolio and monetise its diversified pan-European datasets “from pre-trade to post-trade data, in asset classes such as fixed income and power.”
The company said Euronext Clearing will become a “cornerstone of the development and diversification of Euronext’s derivatives and clearing franchises.”
It said its power market Nord Pool “will become the key partner to clients for trading and hedging power across Europe.” Euronext said it plans to scale up and expand spot and derivatives trading and clearing services across Europe.
“This expansion will reinforce the leadership of Nord Pool as the key marketplace for trading European spot power markets,” said Euronext. “Nord Pool will also further diversify the offering to new geographies, new data products and services.”
The news came as Euronext, which now calls itself “the leading European capital market infrastructure” released its new three-year strategic plan called “Innovate for Growth 2027.”
Stéphane Boujnah, CEO and Chairman of the Managing Board of Euronext, said: “By 2027, Euronext will be larger, stronger and more diversified.
“Our leadership will be extended to new activities and asset classes in Europe.
“The group will be positioned as the unique and most efficient gateway to European capital markets for listing, trading, clearing, settlement and custody.
“By 2027, Euronext will be the undisputed backbone of the European Savings and Investments Union.”
Currently, Euronext operates regulated exchanges in France, Italy, the Netherlands, Belgium, Ireland, Norway and Portugal, with nearly 1,900 listed issuers and around €6.3 trillion in market capitalisation as of end September 2024.
Its total product offering includes Equities, FX, Exchange Traded Funds, Warrants & Certificates, Bonds, Derivatives, Commodities and Indices. It provides a multi-asset clearing house through Euronext Clearing, and custody and settlement services through Euronext Securities central securities depositories in Denmark, Italy, Norway and Portugal.
Euronext also provides technology and managed services to third parties. In addition to its main regulated market, it also operates a number of junior markets for SMEs.
In its plan, Euronext said: “Euronext will develop its diversified data franchise to become a one-stop shop for its clients. Euronext will expand its data product portfolio and monetise its diversified pan-European datasets from pre-trade to post-trade data, in asset classes such as fixed income and power.
“Euronext will enhance data analytics throughout the value chain to fuel the needs of an increasingly diversified client base to optimise their investment decision-making process. Euronext will attract new customers and maximise data distribution with enhanced delivery systems. The group will leverage AI to improve the client journey.
“Going forward, Euronext will leverage on its diversified business to expand its index franchise in Europe and across asset classes. Euronext will deploy more contributed benchmark solutions leveraging on the recent acquisition of Global Rate Set Systems (GRSS).”