Welcoming Irish Companies to Optiq!
This Monday, the 4th of February 2019, Euronext successfully completed the migration of 53 Irish-listed companies to Euronext’s state-of-the-art propriety trading platform, Optiq.
The migration was a major milestone for us, as it completes the migration of equities from the Irish Stock Exchange plc over to Euronext.
This achievement is the culmination of months of hard work from our Euronext teams across Europe, in cooperation with the Irish financial community.
Benefits for Irish Companies
All 53 Irish companies listed on Euronext Dublin can now avail of the benefits of trading on Optiq, and by joining a single, pan-European order book, these companies now have access to investors all over Europe with deeper pools of international capital.
In addition to access to more capital, Irish companies can enjoy increased visibility, as they are now listed alongside 1,300 fellow listed companies with a combined market capitalisation of over €3.4 trillion.
Euronext Corporate Services
As part of being listed on Euronext, Dublin listed companies now have access to the proprietary issuer services of Euronext, including the online Connect portal which gives them access to their trading data, and corporate services such as Investor Relations Manager, My Share Price Live, board meeting management tool Skope, and Company Webcast Solutions.
About Optiq
Since launching in June, the Optiq platform (which was designed and built in-house) has handled over a billion messages daily, and has matched 134 million trades. It has demonstrated market-leading resilience with uptime over 99%, as well as rapid response times — with orders and market data requests achieving round-trip times as low as 15 microseconds.
Built to address modern challenges
Optiq was designed and built to address all of the challenges currently faced by exchanges, trading members, and listed companies:
- Reliability: Increased reliability results in better service for members and companies, while satisfying regulatory demands for stable markets.
- Low-Latency: Faster access and response times enables customers to optimise trading strategies, while predictably low latency enables precise capacity planning.
- Compliance: Optiq was designed to ensure full compliance with MiFID II and is consistently maintained to meet European regulations.
- Market Surveillance: Optiq also comes with improved surveillance and monitoring tools which, in addition to its technological performance, equip Euronext’s markets and clients with a highly resilient platform, in particular during times of volatility.
- Faster Time-To-Market: With modular architecture (see adjacent image) and the latest generation of components, the platform is highly scalable enabling us to add new features and functionality for our clients quickly. Greater modularity also reduces the cost of changes.
We look forward to sharing data in the coming weeks and months about the trading activity and liquidity of the Irish companies on Optiq. But in the meantime, if you have any questions please contact your local Euronext representative or technologysolutions@euronext.com for any questions relating to Optiq.
