Euronext has announced the expansion of its clearing house services for European cash markets.
The services are set to expand into the Netherlands, Belgium, Ireland, Portugal, Italy, Norway and France.
Euronext Clearing will now clear equities, ETFs, structured products, warrants and bonds across six Euronext markets.
The expansion will allow participants to streamline their entire trade lifecycle and to leverage on Euronext Securities to access TARGET2-Securities (T2S).
Stéphane Boujnah, CEO and chairman of the managing board of Euronext, says: “[The expansion] will enable us to further cater to our clients along the entire trading value chain, unlocking new opportunities to develop innovative solutions in a more agile way..”
Anthony Attia, global head of derivatives and post-trade at the firm, adds: “The efficiency and market security of a clearing house relies on its ability to manage various asset classes and markets, and Euronext is leveraging the diversity of its different markets to enhance Euronext Clearing, as a truly European clearing provider.
“Now present across the entire trading value chain, Euronext is a unique point of entry to European capital markets, from pre-listing to post-trade through T2S, and in this way further builds unified European capital markets.”
