20 Jun 2024
From an unwanted bourse to Europe’s equities exchange: Euronext IPO 10 years on
“Euronext just started its journey later”, says Niki Beattie, chief executive of Market Structure Partners. “All exchanges want to diversify from equities; it’s a low-margin business.”
The push to expand into other asset classes has more than offset the impact of Europe’s lacklustre equity market. In Q1, Euronext reported revenue up 8% due to growth in clearing, fixed income and power trading despite a 2% decline in equities income.