Stephane Boujnah’s Post

This morning, I was interviewed by Karen Tso and Arabile Gumede from CNBC, on the occasion of the IPO of UK-based company CVC Capital Partners on Euronext. This listing is a very strong signal of the IPO come-back in continental Europe this year. This confirms again that Euronext is the #1 listing venue for European and international companies seeking to list in Europe.    We have welcomed 12 listings so far in 2024, recording 45% of all listings in Europe. This proves the attractiveness of our single order book enabled by the largest European liquidity pool. The higher visibility on interest rates is unlocking the appetite of companies to go for an IPO, and the coming months will confirm the very positive trend we have been seeing since the start of the year, as the IPO pipeline is very thick.   Our harmonised listing value proposition across our 7 European markets proves once again its high value. We also welcome the adoption by the European Parliament of the Listing Act. We fully support this initiative which is essential to make listing on public markets more attractive for issuers. We welcome the agreement to have a uniform Prospectus at EU level limited in length. We remain fully committed at Euronext to support the financing of the real economy at European level, and to build the European savings and investments union. Link to the replay: https://lnkd.in/e4pHpdJw

Je remercie Marie-Pierre Gröndahl et La Tribune Dimanche de m’avoir donné l’opportunité d’échanger sur la réussite du projet européen d’Euronext. Car le succès d’Euronext, c’est avant tout celui d’un modèle fédéral qui respecte la diversité culturelle des réalités locales et nationales qui constituent la richesse de notre continent. Euronext s’est profondément transformé, depuis son IPO en 2014, pour devenir désormais la première infrastructure de marché paneuropéenne. Le marché unique et intégré d’Euronext représente une opportunité exceptionnelle pour toutes les entreprises qui souhaitent lever des capitaux pour financer leur croissance, mais aussi pour les investisseurs du monde entier. En 10 ans, nous avons également diversifié profondément nos activités, pour mieux servir nos clients grâce à des services innovants, et pour intégrer d’autres étapes de la chaîne de valeur, comme la compensation et le règlement-livraison. Ainsi, depuis 2014, nos revenus ont triplé, et se sont largement diversifiés. 54% de notre chiffre d’affaires de 2023 provient de pays qui ne faisaient pas partie du Groupe en 2014. Nous avons construit la colonne vertébrale de l’Union des marchés de capitaux en Europe. Les prochains mois seront cruciaux, pour Euronext et pour l’Europe, afin de parvenir à de nouvelles avancées déterminantes, seules capables de garantir une véritable autonomie stratégique de l’Europe. https://lnkd.in/ebHNwXuu

I'm pleased to announce the successful migration of Borsa Italiana’s Derivatives to Optiq®, Euronext’s cutting-edge proprietary trading platform. This significant accomplishment was executed flawlessly and went live as scheduled on Monday, 25 March 2024. It represents the final phase of our comprehensive migration plan for Borsa Italiana markets onto Optiq®. The earlier integration of Equities, ETFs, and Funds in March 2023, and Fixed Income, Warrants, and Certificates in September 2023, laid the groundwork for this achievement. This milestone achievement of our “Growth for Impact 2024” strategic plan in 2024, is core to Euronext’s ambition to expand our single European liquidity pool, powered by a single technology platform across our markets. The seamless integration of Borsa Italiana’s Derivatives onto the Optiq® platform marks a substantial leap forward in our efforts to enhance efficiency, transparency, and accessibility within European capital markets. By consolidating all products onto an integrated single technology platform, Euronext ensures a harmonised trading environment to empower a single liquidity pool and enables simplified access to a comprehensive range of services for investors and issuers. This consolidation boosts market efficiency and strengthens Euronext's standing as the premier listing and trading venue in Europe. This achievement was made possible thanks to the dedication of the Euronext team, as well as the commitment of our clients, partners, and regulators who collaborated tirelessly throughout this journey. Together, we have strengthened Euronext's position as the foremost listing and trading venue, boasting Europe's largest liquidity pool and unparalleled market quality. https://lnkd.in/eTJGigu5

«’’Se reposer ou rester libre’’, Stéphane Boujnah aime à citer cette phrase de Thucydide. Et d’en venir à l’essentiel : ’’Le refus de la résignation’’. L’Europe représente un modèle de démocratie libérale qui reste ’’le meilleur’’ pour apporter l’émancipation humaine. » Merci à Le Boucher Eric pour sa chronique sur l’Europe et l’approfondissement de la coopération européenne dans Les Echos. Depuis 2014 et l’IPO d’Euronext, nous avons construit un groupe intégré dont les effectifs et le chiffre d’affaires ont triplé, et qui a grandi à travers l’Europe, avec l’acquisition notamment des bourses de Dublin, Oslo puis Milan. Nous sommes devenus en 10 ans la première place boursière européenne, grâce à un modèle fédéral et un plan d’intégration des marchés européens qui nous a permis de construire la colonne vertébrale de l'Union des marchés de capitaux. Lien vers la chronique : https://lnkd.in/ghAB4pnp

Ce mardi, j’étais l’invité de Laure Closier et Christophe Jakubyszyn dans l’émission Good Morning Business de BFM Business. À quelques minutes du début de la 12ème Conférence annuelle d’Euronext qui célébrait les 10 ans de l’introduction en Bourse du groupe, j’ai pu évoquer les perspectives de croissance des marchés de capitaux en Europe. Les premiers mois de 2024 sont très encourageants, avec une nette croissance des volumes action échangés sur notre plateforme unique et intégrée de négociation. 2024 est aussi une année qui s’annonce plus dynamique que 2023 pour les introductions en Bourse, avec de nombreuses IPO en préparation. Je suis confiant dans la capacité de notre groupe, premier bassin de liquidité en Europe avec plus de 6 600 milliards de capitalisation boursière agrégée, à convaincre les entreprises internationales et les nouveaux acteurs technologiques de se coter sur notre marché unique intégré. Cette interview a également été l’occasion d’aborder les avancées qui se dessinent pour l’Union des marchés de capitaux en Europe. Beaucoup d’avancées ont déjà été mises en place, mais il est nécessaire d’aller plus loin, et surtout plus vite, pour mieux orienter collectivement l’épargne des européens vers le financement de la croissance des entreprises européennes, et pour simplifier de manière radicale le fonctionnement de nos marchés. Je me réjouis de constater qu’Emmanuel Macron, Président de la République, a engagé plusieurs initiatives en ce sens avec nos partenaires allemands, comme il a pu le réaffirmer en ouverture de la Conférence annuelle d’Euronext. Lien vers le replay : https://lnkd.in/e7mQw8WA

Yesterday, I had the honour to inaugurate the 12th Annual Euronext Conference, “Leading the future of Capital Markets”, a gathering that brought together leaders from businesses, entrepreneurs, advisors, market operators, regulators, and international investors in Paris. This year marked a significant milestone as we celebrated the tenth anniversary of Euronext's IPO, a testament to a decade of transformation and growth. With the largest liquidity pool on the continent, encompassing 25% of equity trading activity, Euronext has expanded its presence across the entire value chain, from listing to trading, clearing, settlement, and custody, and ventured into various markets beyond equities. Throughout the day, we engaged in discussions on key topics such as building global industry leaders in Europe, transitioning to a decarbonized economy, and leveraging EU capital base for a new growth cycle. The event commenced with impactful messages from Emmanuel Macron, President of the French Republic, Paolo Gentiloni, European Commissioner for Economic Affairs, setting the stage for engaging dialogues among leaders and experts. We extend our sincere gratitude to our speakers for their invaluable contributions: Joelle Assouad, Emmanuelle Assouan, Marie-Anne Barbat-Layani, Massimo Battaini, Valérie Baudson, Gaspard Bonin, Christophe Beaunoir, Pierre-Olivier Burte, Bruno Campenon, Amelie Champsaur, Douglas Cifu, Tanguy Claquin, Fabrice DEMARIGNY, Bertrand Dumont, Sandrine Enguehard, Aiman Ezzat, Kevin Gardiner, Evelyn Herrmann, Christel Heydemann, Roy Jakobs, Sophie Javary, Alessandra Kirsch, Jean Lemierre, Hassan Malongo, PhD, Michala Marcussen, Alexis Maubourguet, CFA, Mairead McGuinness, Gilles Moec, Xavier Musca, Luis Vaz Pinto, Jean Pisani-Ferry, Arthur Portier, Imène Rahmouni-Rousseau 🇪🇺, Verena Ross, Brian A. Ruane, Annabel Smith, joel stainton, Robert Switzer and Thirouin Eric. This conference has facilitated enriching exchanges among capital market stakeholders. Looking ahead, we remain steadfast in our commitment to furthering European capital markets integration, supporting the growth of European companies, and contributing to Europe's strategic autonomy. Here's to the next chapter of our journey to shape capital markets for future generations. https://lnkd.in/e-qNWa8Q

It is with great honour that I announce tomorrow's 12th Annual Euronext Conference, themed "Leading the Future of Capital Markets". This gathering brings together leaders spanning businesses, entrepreneurs, advisors, market operators, regulators, and international investors in Paris. This year holds particular significance as we celebrate the tenth anniversary of Euronext's IPO, marking a decade of remarkable growth. With the largest liquidity pool on the continent, comprising 25% of trading activity, Euronext has extended its footprint across the entire value chain. From listing to trading, clearing, settlement, and custody services, we have diversified our presence into various markets beyond equities. I invite you to explore the detailed information about our conference, scheduled for tomorrow, the 19th of March. Discover the rich array of panels, talks, and networking opportunities. Join us in celebrating our journey of growth and success. https://lnkd.in/eUDCwXaT

  I was pleased to attend yesterday's Morgan Stanley European Financials conference in London. I had the opportunity to discuss with Bruce Hamilton during a fireside chat on the promising growth opportunities for Euronext. I emphasised how transformational the European expansion of our clearing house is, for our Group and for the defragmentation of the European Capital markets. We also discussed the strong growth dynamics of our diversified business, especially fixed income of MTS and power trading of Nord Pool, and the good signals for 2024 listing activity. Meanwhile, we keep strengthening our CSD franchise, as the 3rd largest European operator, which will be the launchpad for further harmonisation of European markets. We also continue to innovate with the upcoming launch of our Dark trading platform called Euronext Mid Point Match, hosted in our Data Centre in Bergamo, Italy. This will complement our European trading offering for the benefit of our clients. Euronext is stronger than ever and fully committed to achieving its purpose to shape capital markets for future generations.

On Tuesday, I joined four other major exchange leaders, Thomas Book from Deutsche Börse, Terry Duffy from CME Group, Adena Friedman from Nasdaq and Jeff Sprecher from ICE, at #FIABoca2024 for a wide-ranging roundtable debate. During this debate led by Sara Eisen, we had the opportunity to talk on the key trends shaping our markets, from the geopolitical risks to developments in technology. For more than a decade, environmental and social governance has been at the heart of almost every conversation between industry leaders. Nowadays, on top of these clear priorities, which remain critical to shape capital markets for future generations, I notice growing concerns on what I call a new ESG, standing for Energy, Security and Geopolitics. It highlights the evolution from a world where the top concern was environmental issues to a world where the first vital need is to insure every country’s capacity to keep industry afloat, reinforce autonomy and address security challenges. This new layer of priorities complexifies the shift we are all making towards a low carbon economy, illustrating the multiples risks companies are facing. Euronext, as a stock exchange, places a strong emphasis on robust risk management practices to address the impacts of global economic and political uncertainty. However, these risks mustn’t make us divert from the long term actions we have to implement to transform our business. At Euronext, we are committed to adapting our offer to meet growing demand from investors. To date, we have introduced over 440 ESG indices, with 18 new ones launched in 2023 alone. Euronext serves as the listing venue for over 980 ESG ETFs, with more than 120 new ESG ETFs complying with the EU's Sustainable Finance Disclosure Regulation listed on our markets in 2023. This represents over 50% of the newly listed ETFs for that year. In 2024, while we thrive to ensure market stability and integrity even during times of high volatility, let us continue to support, facilitate, and lead by example, forging a new path towards sustainable value creation. This way we shape capital markets for future generations.

Today marks a significant milestone at Euronext as we celebrate a decade of championing #gender #equality by ringing the bell for International Women's Day for the 10th consecutive year. This day holds deep meaning for us, serving as a poignant reminder of the collective journey we're on towards gender parity. I am truly honoured to reaffirm our unwavering commitment to diversity, inclusion, and ensuring equal opportunities for all.   After committing to the United Nations Women's Empowerment Principles last year, we launched the Euronext Women's Network as a testament to our unwavering dedication to cultivating a supportive community. While our efforts in 2023 were primarily local in each of our geographical areas, our ambitions for 2024 transcend borders, reflecting our commitment to creating a meaningful global impact.   In the coming year, we will also accelerate our efforts in narrowing the gender pay gap. Transparency and progress in this area remain top priorities for us.   Mentorship lies at the heart of our diversity initiatives, embodying the spirit of support and growth. It brings me immense pride to share that nearly half of our mentors and participants in our mentoring programs are women, showcasing our commitment to nurturing talent.   Our initiatives to promote female involvement have yielded encouraging results. In 2023, nearly 4 out of every 10 new hires were women, surpassing the overall percentage of female employees at Euronext. Additionally, we're thrilled to have achieved almost equal representation among interns, apprentices, and international graduates.   Our journey towards diversity and inclusion is a continuous one, but together, we have the power to create a brighter and more inclusive future for all.