Building the CSD of Choice in Europe

Back

The rapidly evolving geopolitical landscape presents unprecedented challenges for Europe. 
In this context, all stakeholders, including policymakers, have a role to play. 
However, it is also incumbent upon us, as an industry, to take action. 

Euronext Securities is taking action 

At Euronext, we hold two strong beliefs: 

  • first, this period offers a significant opportunity to simplify, expand, and make our markets more cost-effective, thereby creating growth opportunities for all. 

  • Second, success stems from successful partnerships with you, our clients. 

Therefore, we aim to regularly share our insights on market trends and hot topics, featuring our experts to provide you with the latest updates on our strategic projects and explain the innovative solutions we are developing to meet your strategic needs. 

To contribute to our collective objectives, let us highlight three significant initiatives with tangible value for you that we are delivering together. 

Our initiatives

Firstly, together, we are implementing a common platform to support Central Securities Depositories (CSD) activity in Europe, beginning with the four CSDs we operate in Copenhagen, Milan, Oslo, and Porto. The objective is straightforward: to provide you with the best service in the long term by transitioning from fragmented, ageing systems to a future-proof European platform that benefits both our global and local clients. 

Second, we propose to manage more European markets through our European CSD model. We recently announced that the settlement of equity and exchange-traded fund (ETF) transactions on Euronext Amsterdam, Brussels, and Paris, will be centralised in Euronext Securities Milan by September 2026. This strategic move will offer increased cross-border trading opportunities, allowing you to navigate multiple markets with ease and enhancing liquidity. Operations will become more efficient, post-trade costs will be reduced, and adapting to regulatory changes will become more straightforward, such as the adoption of the T+1 settlement cycle by October 2027.  In doing so, we are offering a valid and innovative alternative for issuers and intermediaries through a truly European CSD model. 

Third, we are continuing to develop added-value services to help you focus on what is strategic for you - whether it is growing market share, entering new markets, or transforming your operations.  This includes expanding our data services catalogue and leveraging our recent acquisition of Acupay to boost our tax services offering. 

People often think of post-trade as the plumbing of financial markets. Some forget that the collective intelligence, hard work, and commitment of the “plumbers” who design and improve this infrastructure daily are essential to making these markets work. 

That is why I want to warmly thank you for the strong engagement you have shown so far in embarking with us on this ambitious journey. We look forward to shaping European markets for future generations together!

Author: Pierre Davoust, Head of Euronext Securities 
 

Download the full newsletter here:

Download



Read the other articles here:

Euronext enhances the CSD model

Issuers and Investor Services - hear from the expert

CSD Convergence Programme

Introducing Acupay and BondCom

Preparing for T+1

 

R21385 - Borsa Italiana-Derivatives and ETFs Markets Sales

Back

R21382 - Solution Architect

Back

Submitted by master_of_puppets1 on

Euronext

Euronext is the leading pan-European market infrastructure, shaping capital markets for future generations. Its mission is to connect European economies to global capital markets, to accelerate innovation and sustainable growth. Euronext is located in 18 countries across Europe, US and Asia, with regulated exchanges in Belgium, France, Ireland, Italy, the Netherlands, Norway and Portugal. The group has expanded organically and externally, with a revenue growing from €458 million in 2014 to €1.5 billion in 2022, with 2,200 employees and 55 nationalities.

R21369 - Java Software Developer

Back

Submitted by master_of_puppets1 on

Euronext

Euronext is the leading pan-European market infrastructure, shaping capital markets for future generations. Its mission is to connect European economies to global capital markets, to accelerate innovation and sustainable growth. Euronext is located in 18 countries across Europe, US and Asia, with regulated exchanges in Belgium, France, Ireland, Italy, the Netherlands, Norway and Portugal. The group has expanded organically and externally, with a revenue growing from €458 million in 2014 to €1.5 billion in 2022, with 2,200 employees and 55 nationalities.

R21366 - Euronext Clearing - Operations Projects, Quality …

Back

Submitted by master_of_puppets1 on

Role Description:
We are looking for an intern to join our Operations Projects, Quality & Transformation (OPQT) activities.

This is a great opportunity to gain experience in a dynamic and international environment while contributing to transformation activities and projects.

Key Responsibilities:

R21337 - Stage Césure - Chargé de Marketing (Listing Franc…

Back

Submitted by master_of_puppets1 on

Au sein de l’équipe Marketing & Partenariats du service Primary Markets d’Euronext, vous jouerez un rôle clé dans les activités de la Bourse de Paris. En collaboration avec les équipes commerciales, événementielles et de communication basées en France, ainsi qu'avec l'écosystème boursier, vous contribuerez activement à la promotion des marchés financiers.

Vos missions :

R21334 - Client Services and Support Analyst EMS Operation…

Back

Submitted by master_of_puppets1 on

Key accountabilities
• Act as the central point of contact of an allocated group of clients on operational matters and ensure an efficient incident management process and escalate issues in an accurate and timely manner
• Provide client support and follow up all questions or issues until resolution, regularly inform the client of progresses notably when in depth analysis is needed
• Ensure compliance with Service Level Agreements and strengthen the quality framework to meet quantitative and qualitative objectives.

R21329 - Associate - Business Finance

Back

Submitted by master_of_puppets1 on

Key accountabilities
• Process daily accounts payable activities (booking invoices, employee expenses and vendor master data creation) and/or receivable activities (collecting overdue invoices, processing incoming payments, creating customers, products, sales orders and invoices)
• Act as business partners with sales team, review and act promptly on all accounts payable/receivable balances, escalate issues promptly
• Oversee & coordinate month end, quarterly and yearly close

R19301 - ESG & Sustainable Finance Apprentice

Back

Euronext celebrates 25 years at the 13th Euronext Annual Conference: key highlights and recap

Back

The 13th edition of the Euronext Annual Conference, held at Pavillon Gabriel in Paris, brought together influential leaders in finance, business and government to discuss the critical challenges shaping Europe’s capital markets, economic integration and long-term global competitiveness. 

The theme of this year’s conference, “Building the Savings and Investments Union for real,” provided a platform for a series of engaging discussions and panels that addressed pressing topics such as Europe’s financial future, innovation’s role in market evolution, defence spending, sustainability and the reform of equity markets. Below are some of the key highlights of the themes discussed at this year’s conference, which welcomed over 1,000 attendees and included keynote speeches and panel discussions from all four female CEOs of the CAC 40®.   

Strategic autonomy amidst geopolitical challenges 

Global geopolitical challenges were a central theme in numerous keynote speeches and panel discussions throughout the conference, notably the ongoing conflict in Ukraine and rising global uncertainties. Stéphane Boujnah, CEO and Chairman of the Managing Board of Euronext, opened the conference by emphasising the necessity of building Europe’s strategic autonomy. He highlighted that it is now vital for Europe to have resilient, competitive capital markets that can support long-term growth and ensure a secure, adaptable financial infrastructure, and underscored Euronext's role in this transformation. 

A critical need for the European Savings and Investments Union 

In his keynote address, Eric Lombard, French Minister of Economy, Finance, and Industrial and Digital Sovereignty, emphasised the importance of strengthening Europe’s position as a global financial hub, particularly post-Brexit. He also underscored the need for greater investment in European defence. 

Meanwhile, Sébastien Lacroix, Senior Partner at McKinsey & Company, addressed Europe’s competitiveness gap with the US. He called for the creation of a true European Savings and Investment Union to better allocate household savings, reform equity markets, and harmonise regulations, ensuring long-term investments in key sectors like AI and semiconductors to enhance Europe’s global competitiveness. 

Decarbonisation and green financing 

One of the most pressing topics during the conference was Europe’s decarbonisation efforts, and how capital markets can play a crucial role in achieving Europe’s green transition goals. A panel discussion including speakers from Veolia, Engie, the French energy market regulator CRE (Commission de régulation de l’énergie), Crédit Agricole and Euronext focused on the need for substantial investments to address hurdles like grid connectivity, regulatory obstacles, and price signals. Improved market integration, clearer regulatory framework and better incentives to channel private capital into sustainable investments are needed. They noted that despite their potential, smaller, riskier ventures such as hydrogen technologies face greater challenges. 

A manifesto for a more integrated capital market 

The 13th Annual Conference also saw the launch of the Manifesto for better corporate financing through capital markets, a call by key stakeholders in the French marketplace to mobilise European savings towards riskier assets, particularly stocks, to support local businesses. Despite the EU’s high savings rate, much of the capital is invested outside Europe. The manifesto advocates for increased exposure to equity markets, the creation of a "European label" with tax incentives and revitalisation of securitisation to improve liquidity for small and mid-cap stocks. The manifesto aims to redirect savings into local investments, fostering stronger and more integrated European markets.  

Euronext recognises market excellence with the Euronext Awards 

The conference also celebrated excellence in market operations with the annual Euronext Awards, hosted by Delphine d’Amarzit, CEO of Euronext Paris. Notable winners included Exosens, who received the Large Cap IPO Award for its successful €350 million listing, LightOn, who won the Small and Mid-Cap IPO Award, and Waga Energy who won the Small & Mid Cap Capital Increase. Roquette earned the Bond Issuance of the Year Award for its innovative senior and hybrid bond issuance, while Engie’s €3.8 billion green bond issuance won the ESG Bond Issuance of the Year Award, solidifying the company’s leadership in sustainable finance. 

Trends in the ownership of the CAC 40® and SBF 120® 

Mathieu Caron, Head of Primary Markets at Euronext, presented the most recent ownership study of the French flagship indices, the CAC 40® and SBF 120®. Key trends include the growing influence of family-owned businesses, now holding 21.2% of the shares in companies that make up the CAC 40, especially in luxury sectors. The French state’s stake rose to 2.5%, bolstered by defence and aerospace sectors. Institutional investors remain dominant, though passive funds have seen growth. Individual investors now hold 5.4% of the CAC 40. Overall, the top 10 shareholders control 30% of the index, reflecting a concentration of ownership and a shift towards more diverse market participation. Read the full CAC 40 and SBF 120 ownership study 

Shaping the future of European capital markets 

As Euronext celebrates its 25th anniversary, the group’s dedication to fostering an integrated European capital market remains a central focus. Stéphane Boujnah closed the event by urging participants to remain actively engaged in building the European Savings and Investments Union and highlighted the importance of collaboration between financial institutions, regulators, and businesses to drive economic growth across Europe. For more information about the conference and to learn about the speakers, visit the Euronext Annual Conference website