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Shaping capital markets for future generations
Europe is undergoing profound technological and geopolitical transformation.
To remain competitive, it needs deeper, more integrated capital markets — and Euronext Securities is helping make that vision a reality.
In this video, Pierre Davoust, Head of Euronext Securities, shares our vision for a truly unified European post-trade landscape, our progress toward integration, and how we’re delivering added value to our clients.
We are looking for a V.I.E. growth marketing and lead generation specialist to join our team at Euronext Corporate Solutions. The position will be based in Amsterdam, Netherlands, and will start on 1 January 2026.
You will be primarily responsible for:
Communications (Media Relations) department : Start Date – January 2026
About the Role
You would be working within the Group's Media Relations team in Paris, and would be primarily involved in media relations with the French and UK press, working alongside an international team located in the company's respective countries.
Are you ready to shape the future of market connectivity?
Euronext is the leading pan-European market infrastructure, connecting European economies to global capital markets to drive innovation and sustainable growth.
We operate regulated exchanges in Belgium, France, Ireland, Italy, the Netherlands, Norway, and Portugal.
We are looking for a Senior Advisor Government Affairs to join our team in Amsterdam. The position will start as soon as possible, and will report directly to the Chief Policy Officer and Member of the Group Executive Committee.
Europe’s post-trade infrastructure is vital to the functioning of capital markets, but persistent fragmentation and inefficiencies continue to drive up costs for investors and limit the competitiveness of EU companies. Euronext Securities is moving decisively with a pan-European strategy that brings competitive choice, technological innovation and long-term scalability to the core of post-trade services. A recent economic report by Oxera Consulting LLP sponsored by Euronext has demonstrated why this approach is adapted to the current fragmented post-trade markets. The report sheds light on the challenges facing the EU’s post-trade infrastructure and the growing opportunity to drive down costs, boost efficiency and improve market resilience through smarter, interoperable infrastructure.
The report, titled The Design and Functioning of CSD Services in the EU, explores the structure of Central Securities Depository (CSD) services across the EU. It responds to a growing policy focus driven by the Draghi and Letta reports (2024) and the European Commission’s recent work on the need for further consolidation or integration of market infrastructures. The analysis assesses whether Europe’s current framework can deliver more competitive and efficient outcomes for issuers and investors.
The EU is home to over 30 CSDs, mostly defined by national boundaries. This fragmentation has long been seen as a source of inefficiency and complexity, particularly for cross-border trading and settlement. However, the report challenges the idea that the only path to improvement is full consolidation into a single EU-wide CSD. Instead, it argues that effective competition can be equally powerful if the right conditions are in place.
The report explains that economies of scale, scope and network effects are key drivers of efficiency in the Central Securities Depository (CSD) market. TARGET2-Securities (T2S), along with regulations such as CSDR and MiFID, has established the technical and legal foundations necessary to support competition. Importantly, the report emphasises that competition does not lead to fragmentation. As long as CSDs remain connected through platforms like T2S, network effects are maintained, and users can continue to access services seamlessly.
While the foundations for competition exist, the report notes that effective issuer and settlement competition has yet to emerge. The lack of competitive pressure has contributed to persistently high costs, limited service innovation and slower market integration. The analysis concludes that the market is now at a critical juncture, and with the right strategic interventions, competitive dynamics could deliver meaningful benefits for all market participants.
Euronext Securities’ strategy is a credible and ambitious response to the challenges of Europe’s post-trade. It provides the benefits of both choice and consolidation to clients.
The strategy is anchored in three priorities:
Offer market participants (trading firms, custodians, settlement agents, etc.) a single point of entry to European markets: Starting September 2026, clients will become able to consolidate settlement and custody for the Belgian, Dutch and French markets in Euronext Securities, alongside Italy, Denmark, Norway and Portugal.
Offer issuers the best access to Euronext, Europe’s single liquidity pool: By joining Euronext Securities, issuers can support the liquidity of their shares, broaden their investor base or simplify their journey on capital markets. Euronext offers a credible alternative for the first time, which it has already proven by migrating its own share issuance to Euronext Securities.
Deliver technology and service innovation: Euronext is rolling out a new, future-proof, harmonised CSD platform across all CSDs it operates, delivering a better, integrated client experience and value-added services to clients.
Together, these steps are designed to enable true pan-European post-trade integration, delivering lower costs, greater operational efficiency and more competitive services. In doing so, the expansion project also contributes to strengthening the EU’s financial sovereignty and strategic autonomy by supporting a more resilient, interconnected and autonomous capital markets infrastructure.
Euronext is offering clients a choice that did not exist before: starting September 2026, for the first time in decades, clients will be able to manage multiple European markets (France, Belgium, the Netherlands, Italy) in one single CSD.
Euronext is building an open model: Clients can use Euronext Securities’ offering even if they trade or clear on other trading and clearing venues. Conversely, Euronext trading members will have the possibility to settle at another CSD than Euronext Securities – provided the applicable regulatory framework (CSDR and MiFID) is respected.
Euronext’s proposal fosters market integration, thanks to the use of Target2-Securities: T2S has been designed to allow settlement across multiple CSDs with no friction or extra cost. Hence, offering a choice of CSD (provided T2S is used), like Euronext offers, does not break the liquidity pool. It rather offers clients willing to do so the ability to consolidate European markets in one CSD.
As Pierre Davoust, Head of Euronext Securities, explains: “Europe’s post-trade should be completely integrated. Capital market participants should be able to manage their operations as if Europe was a single domestic market.”
To advance this vision, Euronext is investing in modern, value-added services, from tailored data solutions to tax processing, with the launch of its European offering in September 2026. The hub will enable participants to manage post-trade activity across Belgium, France, Italy and the Netherlands from a single securities account, simplifying operations and enhancing scale.
The Oxera report highlights a clear opportunity: with the right strategic action, Europe can foster meaningful competition in post-trade services. Euronext Securities is acting on that opportunity by building on regulatory progress, infrastructure scalability and operational expertise to help reshape the European post-trade environment. As the EU continues its journey toward more integrated capital markets, Euronext Securities is helping ensure it does so with purpose, scale and resilience.
For more insights, read the original report, The Design and Functioning of CSD Services in the EU.
Start Date – January 2026
6 months internship (Stage)
Euronext is looking for an intern to support the offices of the Group CEO and Euronext Paris CEO, for 6 months.
You will work directly with the Chief of Staff of the Group CEO and the Paris CEO Business Manager. You will contribute to strategic projects, be responsible for transversal internal projects of Euronext Paris and produce insights for both CEOs, leveraging the talent and expertise across the entire Euronext organisation.
On 24 September 2025, Euronext celebrated the launch of the first-ever Mini Cash-Settled Futures on main European Government Bonds with bell and gong ceremonies across its Milan, Paris, Amsterdam and London offices.
Euronext's leaders Fabrizio Testa, Delphine d'Amarzit, Anthony Attia, Simon Gallagher, Janina Marks and René van Vlerken took the stage with clients, partners and teams to highlight this significant innovation in European financial derivatives, that kicked off with positive momentum.
Charlotte Alliot, Head of Financial Derivatives - EQD & FID at Euronext animated an insightful panel discussion, live from Palazzo Mezzanotte, with our guest speakers Andrea Busi, CEO of Directa, Alessandro Forconi, Head of Advanced Trading in Fideuram - Intesa Sanpaolo Private Banking, Gianni Marziali, Head of ETD Brokerage at Banca Akros and Matteo Rolle, Head of Sella Financial Markets at Banca Sella.
Listed on Euronext Derivatives Milan, Euronext's Mini Bond Futures provide unparalleled accessibility and flexibility to hedge and gain exposure to government bonds. This initiative represents a major step forward in the fixed income space, meeting evolving market demand and delivering added value to investors.
Thank you to all our clients and partners for joining the celebrations and for their trust and support in building this new initiative.
Nord Pool Strategic Services Team is looking to recruit a Senior Market Expert to join Nord Pool Strategic Services team and support our growing serviced power exchanges business area.
Nord Pool Strategic Services team is responsible for several business areas:
Join us as a Project Management Intern !
Are you ready to shape the future of capital markets? We’re seeking a results-driven Project Management Intern to join our Diversified Services department in Paris, ideally from January 2026.
