Euronext Dublin transitions Irish listed companies to Optiq®
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EURONEXT DUBLIN TRANSITIONS IRISH LISTED COMPANIES TO OPTIQ
THE MIGRATION TO OPTIQ®, EURONEXT`S PROPRIETARY TRADING PLATFORM, ENABLES EURONEXT DUBLIN LISTED COMPANIES AND TRADING MEMBERS TO BENEFIT FROM ACCESS TO EURONEXT`S PAN-EUROPEAN ORDER BOOK.
Amsterdam, Brussels, Dublin, Lisbon, London and Paris - 4 February 2019 - Euronext today announced the successful migration of the 53 companies currently listed on Euronext Dublin to Euronext`s state-of-the-art proprietary trading platform, Optiq®. This transition completes the equity migration from the Irish Stock Exchange plc to Euronext Dublin.
Companies listed on Euronext Dublin now join the 1,300 listed issuers, together with a combined market capitalisation of over EUR3.4 trillion, already operating on the next generation trading platform launched in June 2018.
These listed companies can now avail of the benefits of trading on Optiq, and by joining a single, pan-European order book with thousands of investors, are now on a platform with their EU peers and have access to deeper pools of international capital. As part of being listed on Euronext, Dublin listed companies now have access to the proprietary issuer services of Euronext, including the online Connect portal which gives them access to their trading data, and corporate services such as Investor Relations Manager, My Share Price Live, Skope, and Company Webcast Solutions.
In addition, as part of the transition which occurred on 4 February 2019, Euronext Dublin has changed the name of its two key markets to align with the rest of the Euronext group. The `Main Securities Market` (MSM), has been renamed `Euronext Dublin`, whilst the `Enterprise Securities Market` (ESM) is now `Euronext Growth`. There have been no substantive rule changes or functionality changes to these markets. The `Global Exchange Market` (GEM) and `Atlantic Securities Market` (ASM) remain unchanged.
Daryl Byrne, CEO of Euronext Dublin and Head of Debt & Funds Listing and ETFs, said: "This is a fantastic day for Euronext Dublin. We are excited to extend the benefits of the Euronext model to all of our listed companies and trading members. Irish listed companies can now enjoy access to deeper and broader pools of international capital, enhanced corporate services and visibility as part of this single pan-European orderbook alongside their European peers. We are now in a stronger position to offer more listing solutions to scaling Irish companies looking to access permanent capital through a listing on Euronext which has nearly 1,000 listed SMEs and is the number one listing venue for technology SMEs in continental Europe. We look forward to continuing to work with our listed companies and the Irish ecosystem to unlock the growth and opportunities that participating in a single, pan-European exchange offers."
Stéphane Boujnah, CEO and Chairman of the Managing Board of Euronext, said: "As the only pan-European exchange operator and liquidity pool, Euronext now provides listed companies and trading members in Ireland with leading-edge technology, a seamless way to interact and break down barriers to capital and growth, for the benefit of financing the real economy.This is a key milestone in the integration roadmap of Euronext Dublin as they will now be able to leverage the full power of Euronext`s proprietary trading platform, Optiq, and the unique features that come with it. All of this within eleven months after the closing of the acquisition and seven months after the introduction of Optiq to all our issuers. Working hand in hand with the Irish financial and business community, we are very proud of this achievement."
Note to editor
Developed in-house by Euronext teams in close collaboration with clients, Optiq® provides cutting-edge performance in terms of latency as well as time to market and flexibility. With modular architecture and the latest generation of components, the platform facilitates the introduction of new products and functionalities for the benefit of Euronext`s clients.
Optiq® has demonstrated an average performance latency of as low as 15 micro-seconds for order roundtrip as well as for market data, and is highly scalable to accommodate unlimited capacity. Since it went live on 25 June 2018, the platform has handled more than 162 billion messages and 134 million trades. Optiq® comes with improved surveillance and monitoring services which, in addition to its technological performance, equip Euronext`s markets and clients with a highly resilient platform, in particular in times of volatility.
CONTACTS -
Pauline Bucaille (Europe/Paris): +33 1 70 48 24 41; pbucaille@euronext.com
Alice Jentink (Amsterdam): +31 20 721 4488; ajentink@euronext.com
Pascal Brabant (Brussels): +32 2 620 15 50; pbrabant@euronext.com
Michael Russell (Dublin) +353 1 617 4221; mrussell@euronext.com
Sandra Machado (Lisbon): +351 210 600 614; smachado@euronext.com
Analysts & investors
Aurélie Cohen: +33 1 70 48 24 17 ir@euronext.com
About Euronext
Euronext is the leading pan-European exchange in the Eurozone, covering Belgium, France, Ireland, The Netherlands, Portugal and the UK. With 1,300 listed issuers worth EUR3.4 trillion in market capitalisation as of end December 2018, Euronext is an unmatched blue-chip franchise that has 24 issuers in the Morningstar® Eurozone 50 IndexSM and a strong diverse domestic and international client base. Euronext operates regulated and transparent equity and derivatives markets and is the largest centre for debt and funds listings in the world. Its total product offering includes Equities, Exchange Traded Funds, Warrants & Certificates, Bonds, Derivatives, Commodities and Indices. Euronext also leverages its expertise in running markets by providing technology and managed services to third parties. In addition to its main regulated market, Euronext also operates Euronext GrowthTM and Euronext AccessTM, simplifying access to listing for SMEs.
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