Euronext Amsterdam, Brussels and Paris are set to designate Euronext Securities as the central securities depository (CSD) for the settlement of equity trades from September 2026.
Stephane Boujnah
The three markets join Euronext markets in Lisbon, Milan and Oslo, which Euronext Securities already provides support for.
The exchange said the move comes as part of Euronext’s goal to improve European capital markets’ competitiveness, tackle post-trade fragmentation in Europe and open up new trading and investment opportunities, particularly across borders.
At present, the settlement of equity trades in Europe is fragmented across over 30 different CSDs.
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This move also coincides with developments in 2023 in which Euronext migrated its markets clearing activities to Euronext Clearing.
Clients will now have the ability to consolidate settlement of equity trades, and related custody activities, for a number of local markets in one single CSD.
The integrated model claims to offer clients improved post-trade operations, enhanced liquidity and simplified market access across Europe, the venue stated.
In addition, the exchange claims that clients will benefit from easier adaptation to regulatory changes, in particular during the preparation for the move to T+1 in Europe in October 2027.
“Euronext today demonstrates its commitment to improve the competitiveness of European capital markets by proposing a single access point to the settlement activity in Europe through Euronext Securities,” said Stéphane Boujnah, chief executive and chairman of the managing board at Euronext.
“[…] Euronext with its European single trading platform and single liquidity pool gathering 25% of European equity trading activity, is uniquely placed for this strategic move to expand Euronext Securities settlement in Europe, after the successful migration of its clearing activity in Euronext Clearing.”