It was a pleasure to attend the BNP Paribas 6th MidCap CEO Conference in Paris, together with Giorgio Modica and Aurélie Cohen. We exchanged views with over 15 investors on the upcoming strategic milestones for Euronext and the strengths of our diversified business model:
Euronext’s Q3 2023 results demonstrate the continued success of our diversification strategy. Our organic growth was driven by Technology Solutions, Advanced Data Services and Fixed Income trading. Today, non-volume related businesses represent 60% of our total revenue.
We are well on track to deliver on our 2024 target of €115 million of cumulated annual run-rate EBITDA synergies in relation to the acquisition of the Borsa Italiana Group. Since September 2023, all Euronext cash markets are operated on our single technology trading platform Optiq. We also marked in Q3 the first step of the expansion of Euronext Clearing to all Euronext markets. Since 6 November, Euronext Clearing is the Default CCP of Euronext Brussels cash markets, and the other Euronext markets will follow later this month.
We strengthened our position as the leading listing venue in Europe, attracting 72% of new European listings this quarter. We also confirmed our leadership in cash equity trading.
On 1 November, we successfully launched MTS Markets EU, for European Union debt instruments, including Next Generation bonds, for secondary trading where traded volumes and dealer participation are very dynamic.
By 2024, Euronext will have a meaningful integrated presence across the full trading value chain, ideally positioned to capture future growth.
You can find our upcoming investor conferences and roadshows here: https://lnkd.in/eXxxaN9d
Head of Institutional Business (EMEA) at OKX | WomenTech Ambassador | TEDx Speaker
3moLooking sharp gentlemen!