The current health situation has no impact so far on Euronext's market operations. Most of our staff are currently working from home whilst operating a fully functional infrastructure with no latency issues. Euronext has Business Continuity Management plans for all its locations and company-wide which are regularly tested. Euronext continues its active monitoring of the situation, and has prepared itself to implement additional measures on either a local or group level, as the situation may require. These precautionary measures are designed to limit the possible points of contact between Euronext staff, to help protect the health of our colleagues, clients and business relations and ensure the continuity of our business.
Extreme market conditions and trading safeguards
We are maintaining a full system of ‘circuit breakers’ which enables trading in individual securities to be halted for a short period when price movements are too erratic. This avoids the need to halt the entire market, whilst allowing traders to pause and absorb the information flow. Our circuit breakers are performing as they were designed to.
Transparent and efficient price formation
Stock exchanges are the key aggregation centres for natural flows’ liquidity and play a key role in price formation. Our core mission is to finance the real economy and this requires us to ensure the efficient and transparent formation of prices. Euronext will continue to do so despite the exceptional circumstances currently affecting Europe and the world at large. Our markets will remain open, because their efficient functioning is secured, and because appropriate adjustments, if and when needed, are implemented following a close dialogue with our clients and our regulators.