In this month’s Equity Trading Newsletter, you will find details on the upcoming expansion of Euronext Global Equity Market (Euronext GEM) – planned in November 2023 to facilitate the access to pan-European and US stocks for all Euronext trading members.
Coming soon: expansion of Euronext Global Equity Market (Euronext GEM)
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Euronext Global Equity Market (GEM) and Trading After Hours (TAH) are markets already active since 2016 – managed by Borsa Italiana and the Euronext Group
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A full revamp of Euronext GEM will occur in November 2023, with an expanded stock universe including 360 European and US stocks, and trading until 20:30 CET, overlapping with US market hours.
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Go-live dates of the expansion will be communicated shortly to trading members via a dedicated Info-Flash
| Country of reference market | Nb of instruments on Euronext GEM today: 90+ | Nb of instruments on Euronext GEM tomorrow: 360 |
|---|---|---|
| US | 26 | 235 |
| Germany | 33 | 95 |
| Spain | 6 | 20 |
| Finland and Sweden | - | 10 |
| Euronext countries | 32 | 230+ Euronext blue chips in Trading After Hours |
- Same connectivity, microstructure and market surveillance as Euronext main markets – and already migrated onto Euronext's Optiq platform since 27 March 2023
How can I connect to Euronext GEM to trade European and US stocks?
Contact EquitiesTeam@euronext.com for further details. |
In case you missed it: Market quality study ‘Made in Italy’
- Since the migration of Borsa Italiana equity markets onto Optiq® on 27 March 2023, Euronext Milan has experienced significant improvements across all the main market quality metrics.
- Improvement up to 74.5% EBBO Setting for Borsa Italiana – while MTFs now set the best EBBO less than 13% of the time.
- Euronext Milan offers the tightest spreads on Italian blue-chip stocks, compared to the Central Limit Order Book of CBOE, Aquis and Turquoise
- Euronext Milan offers Liquidity around BBO (in number of shares) which is now 4-9x higher compared to the Central Limit Order Book of the main MTFs
- Since the Optiq migration, the Exclusive Time Presence at EBBO has increased sharply for Euronext Milan – up to 68% i.e. 2-10x better than the largest MTFs.
Access all Euronext market quality publications
Latest news about the Euronext Clearing migration
- We remind you that Euronext Clearing, the multi-asset clearing house (previously CC&G) that offers robust risk management, will be expanded to Euronext Amsterdam, Brussels, Dublin, Lisbon, and Paris markets for Cash Equity transactions by the end of the year.
For more information, visit our website.
The Euronext Equities team at events
The TRADE Leaders in Trading awards
8 November 2023, London
Euronext Equities, Derivatives, Clearing and MTS teams will join this year’s awards ceremony organised by The TRADE.
The group received three nominations:
- Outstanding Derivatives Exchange
- Outstanding Fixed Income Trading Venue (MTS)
- Outstanding Post-Trade Services Provider (Euronext Clearing)
FIX France Trading Conference
14 November 2023, Paris
The conference is back in Paris! Stop by the Euronext stand #7 to meet the teams and discuss the exciting projects we have in store, as well as latest news on our clearing migration.
Don't miss our speakers Simon Gallagher and Roland Prevot on the panels:
- 10:20 - The Growth of the Parisian Trading Desk
- 15:30 - Retail – Where is the Money Going?
For more information
Don't hesitate to contact your sales representatives with any queries or feedback.
Thank you!