Euronext Finalizes Acquisition of Tech Businesses from Nexi’s Capital Markets Activities

Euronext Group and Nexi S.p.A. recently announced “the completion of the purchase and sale of the technology businesses currently powering MTS, Euronext’s fixed-income trading platform, and Euronext Securities Milan (formerly called Monte Titoli) by Nexi to Euronext, following receipt of approvals from the competent authorities and completion of the union consultation procedure.”

As a reminder, Euronext and Nexi announced “the signing of the Transaction on 14 June 2022.”

This Transaction “enables Euronext to fully internalize the technology powering MTS and Euronext Securities Milan and as a result become more agile.” Furthermore, it strengthens the core operations of MTS and Euronext Securities Milan, “delivering on Euronext’s strategy to create value leveraging its integrated value chain and technology.”

Following the Transaction, Nexi will continue “to provide technology services to Euronext under transitional arrangements and other services under related commercial agreements.”

As noted in the update, Euronext claims it is “the leading pan-European market infrastructure, connecting European economies to global capital markets, to accelerate innovation and sustainable growth.”

It operates regulated exchanges “in Belgium, France, Ireland, Italy, the Netherlands, Norway and Portugal.”

With close to 2,000 listed issuers and around €5.7 trillion in market capitalisation as of end September 2022, it claims that it “has an unmatched blue-chip franchise and a strong diverse domestic and international client base.”

Euronext reportedly “operates regulated and transparent equity and derivatives markets, one of Europe’s leading electronic fixed income trading markets and is the largest centre for debt and funds listings in the world.”

Its total product offering “includes Equities, FX, Exchange Traded Funds, Warrants & Certificates, Bonds, Derivatives, Commodities and Indices.”

The Group provides “a multi-asset clearing house through Euronext Clearing, and custody and settlement services through Euronext Securities central securities depositories in Denmark, Italy, Norway and Portugal.”

Euronext also “leverages its expertise in running markets by providing technology and managed services to third parties.” In addition to its main regulated market, it also “operates a number of junior markets, simplifying access to listing for SMEs.”

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