Euronext Securities Copenhagen today announced that BNY has signed an agreement to become a direct participant in the Danish Market.

Henrik Ohlsen, Head of Sales at Euronext Securities, commented:

 “We are pleased to partner with BNY, a leading global financial services company, to provide them with direct access to the Danish market.  BNY joins a growing number of Euronext Securities customers choosing to access our markets directly and capitalise on the benefits of that approach, such as lowering operational risk and accessing the market infrastructure directly.   We believe this trend of market optimisation, with market infrastructures linking together, not only benefits our international clients, but also helps connect European economies to global capital markets. Concretely, international investors now have more direct and efficient access to the €1.5 trillion of assets issued in the Danish capital market.”

Strengthening ties to the Danish and Nordic markets

For BNY, having a direct interface to the Danish market through local CSD connectivity will help the financial institution further support its customers in Denmark and the Nordic region, as well as internationally. 

Søren Eberhard, Copenhagen Branch Manager at BNY commented: 

“Following the establishment of our branch office in Copenhagen (2020) and Depositary Bank (2021), we are excited to take yet another step in our international growth strategy and expand our commitment to the Danish and Nordic markets. BNY provides clients with local expertise powered by global capabilities including technological resources, resiliency, and scale needed to meet the increasing regulatory requirements of institutional investors and their growing investments needs.”

The financial industry relies heavily on the speed and reliability of data transmission to execute trades and manage orders. In the fast-paced environment of stock exchanges, where milliseconds can translate to significant financial gains or losses, the method by which order data is transmitted is crucial. Wireless microwave networks have emerged as a critical technology for order transmission, offering numerous advantages over traditional methods.

How stock exchanges use wireless microwave networks 

Wireless microwave networks transmit data using high-frequency radio waves, providing a direct line of communication between stock exchanges and trading firms. This method bypasses the latency issues associated with fibre optic cables, which often take longer, more circuitous routes. 

In practice, microwave networks are used to create more direct connections between trading venues and firms’ data centres, significantly reducing the physical distance that data needs to travel. These networks are engineered to ensure the shortest possible path, often spanning hundreds of miles with minimal signal degradation.

Euronext Wireless Network EWiN

Euronext recently launched its own wireless network (EWiN) that uses microwave technology. This service is set to significantly enhance the speed of order transmission between London and the exchange’s data centre in Bergamo, offering unparallelled improvements in latency for Euronext’s London-based members that will choose EWiN.

By leveraging the faster transmission speeds of microwave technology, EWiN provides a direct and highly efficient communication pathway that significantly reduces the time it takes to send orders to Euronext’s single liquidity pool, powered by the single technology platform Optiq^®.

Euronext is the first exchange in Europe to offer a Plug & Play solution for trading via microwave technology, which has roughly half the latency of the fastest fibre routes available (less than 4ms one way, compared to 6-8ms one way through fibre).

Banks and brokers will benefit from reduced latency and greater market efficiency, enhancing execution quality for investors. Euronext members can request tailor-made bandwidth based on the order entry capacity they want to allocate to this service.

This new service is provided in collaboration with McKay Brothers, the largest independent microwave network provider in Europe.

The future of data transmission

The transmission of stock exchange order data via wireless microwave networks offers significant advantages in terms of speed, reliability, and cost-effectiveness. In the competitive world of high-frequency trading, the ultra-low latency provided by these networks can be the difference between profit and loss. 

With the continuous advancements in microwave technology, these networks are set to play an increasingly vital role in the financial sector, ensuring fast, secure, and efficient data transmission. 

As trading continues to evolve and the demand for speed intensifies, wireless microwave networks will remain a cornerstone of modern trading infrastructure, enabling market participants to stay ahead in the race for speed and efficiency.

Learn more about Euronext Wireless Network (EWiN)

Julien Tessier steps into the role of CEO at Euronext Corporate Services, signifying a major milestone amid rapid growth.

Euronext Corporate Services has announced the appointment of Julien Tessier as its new CEO. This marks a significant milestone for Euronext Corporate Services.

Euronext Corporate Services is a dynamic and integral subsidiary of Euronext, offering a suite of digital solutions in governance, compliance, communication and investor relations. Initially developed to provide services for companies listed on the Euronext stock markets, Euronext Corporate Services is now dedicated to empowering both private companies and public entities, leveraging the expertise acquired through working in the highly regulated environment of listed companies. Its unique suite of software and expert teams help organisations navigate the business landscape, offering practical solutions and strategic insight. 

Euronext Corporate Services has seen rapid and impressive growth since it was first founded in 2016. It currently serves more than 4,500 clients including over 1,000 listed companies, private companies, advisors and public organisations. Clients are located within all Euronext markets and all across Europe, with its solutions used in over 25 countries. Euronext Corporate Services delivered €45.4 million of revenue in 2023 and saw growth of over +30.72% CAGR between 2017 and 2023, making it one of the key growth engines in the Euronext group. Its strong local footprint with over 170 employees means it is ideally placed to support companies wherever they are in Europe.

Julien Tessier states that he has been consistently impressed by the dedication of the Euronext team members across all locations, highlighting his plans to leverage the strength and quality of the teams. Ultimately, Euronext Corporate Services’ vision is to shape tomorrow's corporate solutions software, and to revolutionise every aspect of corporate decision-making. 

Our focus remains on driving innovation and setting the standard in corporate software solutions, all while maximising value for the 4,000+ organisations we proudly serve.

Euronext Corporate Services’ next big step

With its ambitious growth plans and Europe-wide teams, Euronext Corporate Services requires a competent and innovative leader, with the necessary expertise and experience to lead a fast-paced and expanding company. With 17 years of leadership experience across Europe, United States and Asia, Julien Tessier is highly skilled in enterprise sales strategy, scale-up operations, international business development and M&A integration. Mathieu Caron, Head of Primary Markets at Euronext, believes that Julien is positioned to drive the company’s growth ambitions, adding that his leadership will elevate its software offerings in the Investor Relations, Compliance and Governance fields.

Julien’s vision and expertise will empower our clients to achieve unparallelled efficiency, accountability, and success in competitive capital markets.

With the appointment of Julien Tessier as CEO, Euronext Corporate Services is ready to continue its trajectory of rapid growth and innovation.

Key strategic elements  

Julien believes there are four key factors needed to successfully scale and further grow Euronext Corporate Services:

With the strong foundation Euronext Corporate Services has built, I am confident that together, we can make a meaningful difference for the benefit of our clients and teams.

Dedication to clients

Two months into his tenure at Euronext Corporate Services, Julien has been impressed by its continued growth. He highlights Euronext Corporate Services’ dedication to clients, pointing out the benefit of being part of the wider Euronext ecosystem, which gives the company unique access to clients and opportunities to showcase its suite of software and services. 

Our Corporate Solutions – focused on governance, compliance, investor relations, and communication – resonate deeply with the needs of issuers and corporations as they navigate their capital markets path.

Customer-focused solutions

Julien outlines the range of solutions that ensure the needs of clients, listed companies, and organisations are met effectively. These solutions all begin with actively listening to customer feedback, which informs the product roadmap. 

Whether it’s our governance platform for effective board management, our compliance portal ensuring regulatory compliance, or our investor relations solutions for shareholder engagement and financial communication, this continuous improvement approach ensures alignment with our clients’ evolving requirements.

Julien also points out the benefit of comprehensive bundle solutions for corporations preparing to enter the capital markets. He explains that these bundle solutions empower corporations to be compliant with market regulations and successful with investor relations from day one of their capital market journey.

ESG solutions

ESG considerations have evolved into a crucial valuation factor for all corporations, especially those listed on the market. Julien acknowledges Euronext’s unique position between corporations and investors. 

Euronext Corporate Services provides advisory solutions and tools that empower companies to enhance access to capital, identify sustainability expectations, engage effectively with investors.

This in turn allows companies to establish a truly differentiating ESG pillar that strengthens their value proposition.

Euronext Corporate Services solutions: the backbone of the organisation

Euronext Corporate Services solutions are designed to help companies navigate the world of capital markets, EU regulations and relations with stakeholders. These include a set of solutions developed to help with investor relations and communication, which cover CRM and targeting for investor relations, webcast solutions, post-listing advisory and market intelligence, and a board portal solution that helps companies engage effectively with their investors. 

Compliance solutions include an insider list management solution that facilitates companies’ compliance with the EU Market Abuse Regulation, an employee trading monitoring solution, and a secure whistleblowing software solution that companies can set up for their employees to comply with the EU Whistleblowing Directive.

Euronext Corporate Services also offers a training academy providing certifications and bespoke training. 

Mathieu Caron is proud of the transformative impact of our Corporate Solutions on Euronext clients.

The solutions integrate effortlessly into existing workflows, boosting efficiency, accountability, and strategic decision-making, empowering our listed companies to succeed in their capital markets journey.

Case studies: how Euronext Corporate Services solutions have transformed a company’s strategic processes

As issuers and private companies continue to navigate the complexities of the financial landscape in Europe and beyond, they can turn to the suite of services and solutions offered by Euronext Corporate Services to tackle capital markets, ensure compliance and enhance their communication and governance. 

Visit the Euronext Corporate Services website to learn more about our solutions and how they can streamline and secure your business operations. 

In June 2024, Euronext Dublin had the pleasure of welcoming leading financial services provider Cantor Fitzgerald Ireland and clients to the stock exchange’s historic Market Floor, one of the first events to take advantage of a new event space in Dublin.

The Market Floor Dublin

The imposing high-ceilinged room in Anglesea Street, the Market Floor, was known simply as ‘the Room’ by traders who carried out their daily trading there for well over a century . Built in the Italianate style, the Market Floor features ornate pillars and wood panelling, and is lit by chandeliers from Waterford Crystal, the world-renowned Irish crystal manufacturer.Prices were chalked up a large chalkboard, and traders gathered at wooden desks arranged in a wide oval.

With the advent of electronic trading in June 2000, open outcry trading came to an abrupt end and the traders swapped the activity of floor trading for screens and electronic pricing. 

Now that the Market Floor no longer sees the hustle and bustle of traders, it has been converted to become a very special meeting and events space, and has been brought right up to date with the latest event technology and furnishing matching your event needs , while retaining its impressive history. 

Cantor Fitzgerald Ireland client event

Cantor Fitzgerald Ireland’s event began with a cocktail reception in the exchange’s modern Atrium, followed by a panel discussion and networking in the impressive Market Floor room. 

“We would like to thank Euronext Dublin’s CEO, Daryl Byrne, for providing us with exclusive access to such a prestigious Dublin landmark and sharing its unique history, and of course, to our clients for making it such an enjoyable evening.”
Cantor Fitzgerald Ireland

The event was just one example of the type of event that Euronext Dublin can help organise. Many other options and configurations are available: you could consider holding a Bell Ringing Ceremony, corporate lunch, AGM, cocktail reception or other celebration event on the Market Floor. 

For more information, visit our website: Renting the Market Floor | Euronext Dublin