Clearinghouse LCH will provide clearing for the Euronext Growth Oslo Market through its EquityClear service from 28 June.
The sale of Oslo Market Solutions to Infront by Euronext comes as it streamlines Oslo Børs to focus on its core offerings following a recent Optiq migration.
The extension by EuroCCP to clear Norwegian growth stocks remains subject to regulatory approval and is expected to launch on 28 June this year.
Under the terms of the transaction, the London Stock Exchange Group (LSEG) has sold Borsa Italiana to Euronext for a cash total of €4.4 billion.
Brieuc Louchard from Euronext and Lyxor Asset Management’s Cyrille Combes told TradeTech that increased retail activity in 2020 saw ETF volumes return to exchanges.
SME block trading facility at Euronext will have a staggered roll out across local markets, beginning in France in the next two months, Euronext told The TRADE.
The $27 billion acquisition of data and analytics giant Refinitiv was completed by LSEG in January earlier this year.
The pan-European exchange has subsequently reshuffled the leadership of its Paris business in preparation for the completion of the deal.
Piero Novelli will step down from all executive positions including his role as co-president at UBS Investment Bank in March to assume the role of chairman at Euronext.
In-depth Euronext study looking at market impact at the close shows costs of continuous trading far exceed trading in closing auctions.