Trade Mini Bond Futures on main European Government Bonds
Euronext is expanding its repo clearing services to boost market access, liquidity provision and collateral optimisation across Europe.
Euronext Securities is shaping the future of European capital markets by enhancing integration, connectivity, and innovation.
The new generation of high-frequency risk trading platforms, offering the highest performance with ultra-low latency and minimal jitter, all at a low total cost of ownership.
The first edition of the Euronext Index Outlook series with a particular focus on the European Strategic Autonomy Index.
Shaping capital markets for future generations
Samenvatting van de rollen
Als (junior) trainer/consultant voor de publieke sector heb je een dynamische en klantgerichte rol waarbij je ons grote klantennetwerk binnen de publieke sector ondersteunt. Jouw missie is om hen te adviseren om onze software effectief te gebruiken door middel van het optimaliseren van werkprocessen, om politieke transparantie en efficiëntie te bewerkstelligen.
Join us as a Business Development Manager !
Job Description:
Drawing on its multi-jurisdictional experience, Euronext’s calls for a more efficient, coherent and cost-effective approach to regulatory reporting across the European Union. To make it happen, Euronext brought a number of constructive proposals to the European Securities and Markets Authority’s (ESMA) recent Call for Evidence on a Comprehensive Approach for the Simplification of Financial Transaction Reporting, sharing practical insights as Europe’s leading market infrastructure. As part of the broader legislative agenda, we believe that the European Commission’s upcoming legislative work on market integration must be treated as an opportunity to advance simpler reporting.
The difficulties created by a fragmented regulatory framework and a lack of alignment across regimes contribute to duplicative reporting obligations and increased operational complexity. Persistent complexities include overlapping and time-consuming reporting to different National Competent Authorities (NCAs) across Europe, as reports submitted to NCAs frequently contain data already provided to ESMA. Currently Euronext sends over one hundred files a day to its regulators and ESMA. A lot of the duplication and burden stems from direct reports and legacy files requested by NCAs prior to MiFID II. Duplication also occurs under different regulations, for example the same derivative instruments are reported under MiFIR, EMIR and REMIT.
Additionally, the multiplicity of data files and physical connections results in a large volume of data being sent several times, often using different formats and/or applications, necessitating separate physical connections with each NCA to transmit reporting information. Finally, there is a suboptimal allocation of reporting duties, which often fall on entities that may not be the most appropriate or best positioned to provide such information.
As a pan-European operator with multiple supervisory authorities, Euronext experiences these challenges first-hand. “The persistent complexity and lack of alignment across regimes translate into increased operational effort and limited data harmonisation,” Jakub Michalik, Chief Policy Officer at Euronext notes. “Addressing these issues is essential for achieving a truly efficient and coherent European reporting landscape.”
Building on this response, Euronext outlines a forward-looking vision for improving transaction reporting across the EU. Central to this vision are five key priorities:
The creation of a pan-European data hub under ESMA, or another designated entity, to eliminate the need for separate physical connections and multiple submissions to NCAs. A single technological platform would enhance data quality, improve supervisory coordination and significantly reduce duplication.
Any transaction should only be reported once: Consistency and efficiency should underpin the reporting process. Today, similar datasets are often reported several times under different regulations to different EU agencies. For example, trading venues report selected data under MiFIR RTS 24 to ESMA and similar data to ACER under the REMIT regulation. We propose that RTS 24 which covers order book data, and already has an exhaustive scope, serve as the reference framework and the model to converge toward.
Ensuring the right entities report the right data: Reporting responsibilities should rest with the organisations that actually hold the relevant information – for example, clearing houses on position reporting. This alignment would ensure higher-quality data and reduce the burden on entities lacking full visibility.
Streamlined frameworks with proportional requirements: Reporting frameworks should be kept as simple as possible, providing regulators with the necessary transparency without imposing excessive technical or operational burdens on reporting entities.
A clear roadmap for future simplification: in close collaboration with market participants so that ESMA’s work on this important area can be translated into action.
Euronext’s response to ESMA emphasises that simplifying financial transaction reporting is both an operational and strategic necessity. By reducing duplication, enhancing data consistency and improving coordination between authorities, the European regulatory reporting framework can become more efficient and streamlined. Such a well-coordinated reporting framework would benefit both regulators and the market as a whole. By acting together, Europe can build a reporting environment that supports market integrity, reduces costs and fosters competitiveness.
To reach the necessary objective, the European Commission’s upcoming legislative package on market integration, expected in early December, should be seen as a critical milestone in advancing these reforms.
Market participants are navigating a complex environment, balancing liquidity needs, collateral efficiency, and risk management, while anticipating the implications of new transparency and prudential requirements.
In this short 10-minute episode of the Modern Money SmartPod, Yama Darriet, Head of OTC and Repo Expansion at Euronext, reflects on how the conversation around cleared repo is changing.
From the regulatory and balance sheet factors driving adoption, to the importance of access and market design, the discussion explores how clearing is becoming a cornerstone of a more connected and resilient repo ecosystem.
At a time when market participants are looking for simpler, more efficient ways to manage balance sheet capacity and liquidity, the question is no longer if repo clearing will expand across Europe, but how it will shape the next phase of market development.
Listen to the conversation to gain a concise perspective on the forces redefining Europe’s repo landscape — and what they could mean for your firm.
Euronext is searching for young talents ready to seize the opportunity to contribute to bridge the gap between software development and operations.
The DevOps Tools team is responsible for designing and implementing solutions to facilitate the Continuous Integration (CI), Continuous Delivery (CD), and automation processes at Euronext.
We are looking for an Equity admission officer (VIE) to join our Listing Admission team at Euronext. The position will be based in Oslo and will start on 1 January 2026.
You will be primarily responsible for:
Mandatory Skill Sets
We are looking for a motivated young professional to join us as a V.I.E. event management specialist. The position will be based at Palazzo Mezzanotte, Euronext’s headquarters in Milan, and will start on 1 January 2026.
You will be primarily responsible for:
As one of Norway’s leading banks, Nordea manages a significant number of Share Savings Accounts (ASK) for its clients. Ensuring accurate and timely tax reporting across thousands of accounts is no small task — particularly in a landscape shaped by frequent regulatory updates and growing complexity.
To address these challenges, Nordea sought a solution that could automate tax calculations, reporting to the Norwegian Tax Administration, and the generation of annual investor statements — all while reducing manual workloads and operational risk.
Euronext Securities Oslo partnered with Nordea to deliver the ASK Tax Reporting service — a secure, automated solution that integrates directly with Nordea’s systems. Through a dedicated web interface, the service streamlines ASK-related activities and ensures tax reporting accuracy from start to finish.
Euronext Securities Oslo’s ASK Tax Reporting service has been instrumental in streamlining our tax compliance processes. Their expertise and technology give us confidence that our clients’ tax obligations are managed accurately and efficiently.
— Per-Egil Segersten, Product Management and Oversight, Nordea Bank Abp
Since the implementation, Nordea has achieved a significant reduction in manual processes, improved operational efficiency, and strengthened client trust through transparent and reliable tax handling.
We are proud to support Nordea with our ASK Tax Reporting service, helping them navigate complex tax regulations and deliver a seamless experience for their clients. Our focus is on providing reliability, compliance and expertise. This service demonstrates our commitment to serving the retail investment market.
— Stef Lambersy, Head of CSD Tax Services, Euronext Securities
