European capital market infrastructure Euronext today announced the launch of Euronext ETF Europe, a marketplace for exchange-traded funds (ETFs) and exchange-traded products (ETPs).
By offering listing, trading, clearing and settlement in one integrated environment, Euronext ETF Europe is poised to deliver substantial efficiency gains and transparency for the entire value chain, including issuers, market makers, distributors, custodians and end investors.
Investors, particularly retail participants, will enjoy more transparent, cost-effective access to a wider array of ETFs from across Europe, supported by deeper liquidity, greater price visibility, and a broader selection at more competitive rates.
For the first time, ETF issuers will be able to list a product once on a single Euronext platform and reach all Euronext markets. They will benefit from simplified administrative processes and reduced regulatory duplication, gaining the ability to list once and distribute their products seamlessly across Europe, unlocking faster time-to-market and increased reach.
Issuers will also be able to list a broad range of products, covering multiple asset classes and underlying benchmarks, and to offer the same product in different currency denominations, thereby enhancing flexibility and alignment with investor demand across jurisdictions.
By being connected to any Euronext venue, brokers and trading members will gain access to the full ETF range available on Euronext through a harmonised membership model and unified infrastructure. A centralised order book powered by Euronext’s Optiq trading platform will consolidate liquidity across jurisdictions, enabling more effective price discovery, narrower spreads, and improved execution quality. All participants will benefit from a unified market data feed and a single point of connectivity.
Post-trade operations will also be significantly enhanced with consolidated clearing and streamlined settlement, reducing both operational burdens and capital requirements. All transactions will be cleared through Euronext Clearing, enabling optimal netting. Settlement of EUR-denominated ETFs will be offered through Euronext Securities, allowing clients to benefit from a European service and building on Europe’s common settlement platform, Target2-Securities. This will be supported by a straight-through processing (STP) workflow and a new post-trade confirmation system.
To ensure a smooth transition, existing settlement arrangements for trading members can remain in place until September 2026.
Anthony Attia, Global Head of Derivatives and Post-Trade at Euronext, said:
“The launch of Euronext ETF Europe marks a strategic leap forward in building a truly unified and competitive European capital market. By creating the first fully integrated ETF ecosystem across jurisdictions, we are not only removing long-standing structural inefficiencies, but also setting a new standard for transparency, accessibility and scale in European investing. This initiative is a cornerstone of our commitment to driving industry leadership in the development of a European Savings and Investments Union.”
