London – 26 November 2015 – Euronext today announced that it has signed a three-year contract with the Luxembourg Stock Exchange (LuxSE) to provide trading platform hosting and technology services for market management. The contract builds on the relationship established between the two exchanges in 2007 and allows LuxSE to outsource its technology needs while focusing on client satisfaction and product innovation.
LuxSE is a global leader in bonds with a reputation for efficiency and trust. It offers investors access to a wide range of instruments backed by the technical confidence that comes from Euronext’s proven technology. This new contract enables LuxSE to outsource a significant layer of complexity and cost, while taking advantage of Euronext’s investments in technology upgrades and infrastructure. It helps LuxSE concentrate on meeting the specific needs of its clients and driving new innovations in international financial markets.
Robert Scharfe, CEO of LuxSE, said, “Serving the international capital markets at the forefront of financial innovation for more than 50 years, LuxSE is very satisfied to continue the excellent relationship with Euronext. This allows us to provide our clients from all around the world with a high-performance solution that matches their daily and long-term needs”
Nick Thornton, Global Head of Market Solutions at Euronext said, “Increasingly our exchange clients want to concentrate on the differentiators that their investors value the most. LuxSE were among the first to spot the advantages of outsourcing and we are proud to work with such a well-respected global leader."