Euronext Starts CSD Expansion Testing Ahead of September Launch in 3 Markets
Updated
Updated · Markets Media · Jul 9
Euronext Starts CSD Expansion Testing Ahead of September Launch in 3 Markets
3 articles · Updated · Markets Media · Jul 9
Summary
Euronext has begun testing its European CSD expansion, with Euronext Securities due to launch in September for equities and ETFs in Belgium, France and the Netherlands.
The group says the rollout will cut post-trade friction by letting clients settle and custody cross-border trades with home-market simplicity and cost, extending its existing CSD network in six other countries.
That push complements Euronext ETF Europe, launched last September to consolidate fragmented ETF liquidity; Rivard said issuers representing 90% of ETF assets under management have backed listing consolidation.
The expansion sits within a broader growth plan that includes integrating Athens after its 2025 acquisition, where Euronext said first-quarter cash trading volumes averaged €16.6 billion a day and Greek equity volumes have doubled year on year.
Will Euronext's push for a unified European capital market finally resolve the deep fragmentation, or will national barriers persist despite new initiatives?
With ETF consolidation and new post-trade frameworks, could smaller exchanges or participants be squeezed out in favor of larger players?
How might emerging technologies like blockchain disrupt or accelerate the current efforts to harmonize Europe's capital market infrastructure?