Euronext moves cash markets to its Optiq platform
Pan-European exchange Euronext has migrated its cash markets to its new proprietary trading platform Optiq.
The platform is now live and includes equities, structured products, ETFs and fixed income. According to the firm, Optiq brings a tenfold increase in capacity, and performance in terms of latency and optimised hardware footprint.
Stéphane Boujnah, CEO and chairman of the managing board of Euronext, says the move is a “historical milestone”.
Optiq was developed in-house by Euronext and the firm says the platform has demonstrated an average performance latency of 15 micro-seconds for order roundtrip and market data; and is scalable to accommodate unlimited capacity.
The migration follows the implementation of the market data gateway in July 2017 and the migration of fixed-income instruments to the platform in April 2018.
It also paves the way for the migration of Euronext Dublin’s cash markets onto Optiq, which is planned in Q4 2018.
Elsewhere, in its financials, Euronext published its Q2 2018 results – calling them “solid”.
There was an increase in revenue to €157.3 million, up 14.6%. EBITDA was also higher, standing at €88.6 million – and so a rise of 11.9%.
In terms of the first half of 2018, EBITDA was looking good. Coming in at €176.7 million, and a rise of 18.1%.