Euronext goes live with new cash markets trading platform

Optiq platform goes live providing access to trading across all asset classes on Euronext’s exchanges.

Pan-European exchange Euronext has launched its new cash markets trading platform for equities, structured products, exchange-traded funds (ETFs) and fixed income.

Known as Optiq, the service is described by Euronext as a ‘high-performing’ platform that provides investors with access to trading across all assets on Euronext’s exchanges. The platform was developed in-house by the exchange’s team and its clients.

Optiq has an a average performance latency of 15 micro-seconds for order roundtrip as well as for market data, according to Euronext, and since it went live on 25 June the platform has handled more than 14 billion messages and 18.8 million trades.

Euronext Dublin and Euronext’s recently established multilateral trading facility (MTF) for ETFs will be migrated to the platform by the end of the year, as will Euronext derivatives markets. Optiq has also been rolled out to five other exchange operators, including the Luxembourg Stock Exchange.

Euronext’s chief executive, Stéphane Boujnah, said that the delivery of the platform marked a turning point for the group.

“Proprietary technology is the propelling power of stock exchanges, and our new platform will enhance our agility and independence, strengthen the value proposition of our federal model, and foster innovation, for the full benefit of our clients,” Boujnah commented.

“We remain fully committed to provide our clients with the most effective and relevant service in Europe, and we are proud of what the Euronext teams have achieved, rounding out the execution of our Agility for Growth strategy.”