Update on the integration of Euronext Dublin

Amsterdam, Brussels, Dublin, Lisbon, London and Paris – 2 October 2018 – Euronext today announced an update on the integration of Euronext Dublin, of which Euronext completed the acquisition on 27 March 2018.

Migration to Optiq® for Euronext Dublin in February 2019

The migration of Euronext Dublin’s Cash Market to Euronext’s trading platform Optiq® is now planned in February 2019, subject to regulatory approval.

The migration to Optiq®, Euronext’s proprietary trading platform, will allow Euronext Dublin trading members and investors to benefit from access to trading across all cash equity asset classes available on Euronext’s pan-European exchanges. Euronext and Deutsche Börse will work together actively to ensure a smooth transition.

Upgraded cost synergies targets

As a result of the first successful integration steps, Euronext has identified additional cost-saving opportunities, and now expects to deliver €8 million (vs €6 million announced at the time of acquisition) in pre-tax run-rate cost synergies. As part of the integration, total costs of €14 million (vs €9 million announced at the time of acquisition) will be incurred in the first years of integration.

Signing of a termination agreement with Deutsche Börse for the migration of Euronext Dublin to Optiq®

Euronext has signed an agreement for the early termination of the trading services contract provided by Deutsche Börse AG to the Irish Stock Exchange (now operating as Euronext Dublin), initially due on December 2021. This agreement will contribute to approximately 50% of the announced €8 million in cost synergies. Furthermore, Euronext will recognise a €4 million impact from this settlement as an exceptional P&L expense in Q3 2018.

02102018_euronext_signs_termination_agreement_with_dbag.pdf

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About Euronext
Euronext is the leading pan-European market infrastructure, connecting European economies to global capital markets, to accelerate innovation and sustainable growth. It operates regulated exchanges in Belgium, France, Ireland, Italy, the Netherlands, Norway and Portugal. With nearly 1,900 listed issuers and around €6.3 trillion in market capitalisation as of end September 2024, it has an unmatched blue-chip franchise and a strong diverse domestic and international client base. Euronext operates regulated and transparent equity and derivatives markets, one of Europe’s leading electronic fixed income trading markets and is the largest centre for debt and funds listings in the world. Its total product offering includes Equities, FX, Exchange Traded Funds, Warrants & Certificates, Bonds, Derivatives, Commodities and Indices. The Group 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 leverages its expertise in running markets by providing technology and managed services to third parties. In addition to its main regulated market, it also operates a number of junior markets, simplifying access to listing for SMEs.
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