The new marketplace intends to offer listing, trading, clearing and settlement in an integrated environment.
Euronext, an operator of multiple trading venues, has launched Euronext ETF Europe, which will offer consolidated clearing and streamlined settlement, officials say.
The new marketplace is described as “the first fully integrated marketplace for exchange-traded funds (ETFs) and exchange-traded products (ETPs) across Europe,” officials say.
Officials add that post-trade operations “will also be significantly enhanced with consolidated clearing and streamlined settlement, reducing both operational burdens and capital requirements,” officials say. “All transactions will be cleared through Euronext Clearing.”
Settlement support for EUR-denominated ETFs “will be offered through Euronext Securities, allowing clients to benefit from a European service and building on Europe’s common settlement platform, Target2-Securities,” officials say. “This will be supported by a straight through processing (STP) workflow and a new post-trade confirmation system. To ensure a smooth transition, existing settlement arrangements for trading members can remain in place until September 2026.”
The initiative is part of Euronext’s Innovate for Growth 2027 strategic plan, which has been designed to “address market fragmentation, boost operational efficiency, and accelerate the growth of the European ETF ecosystem,” officials say.
The plan is also a demonstration of Euronext’s leadership in advancing the E.U. strategy, “European Savings and Investments Union,” officials add.
Euronext ETF Europe has been designed to offer “listing, trading, clearing, and settlement in one integrated environment,” officials say. The intention is to “deliver substantial efficiency gains and transparency for the entire value chain, including issuers, market makers, distributors, custodians and end investors.” Officials also intend to offer “more transparent, cost-effective access to a wider array of ETFs from across Europe,” with “deeper liquidity, greater price visibility, and a broader selection at more competitive rates.”
The new marketplace will allow ETF issuers “to list a product once on a single Euronext platform and reach all Euronext markets,” officials say. “Issuers will also be able to list a broad range of products, covering multiple asset classes and underlying benchmarks.”
Brokers and trading members connected to any Euronext venue “will gain access to the full ETF range available on Euronext through a harmonized membership model and unified infrastructure,” officials say. A centralized order book based on Euronext’s Optiq trading platform “will consolidate liquidity across jurisdictions, enabling more effective price discovery, narrower spreads, and improved execution quality.”
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