The experience and skills he developed from top roles at UBS Investment Bank make him a perfect choice for Euronext as the exchange operator aims to close a 4.3 billion euro acquisition of Borsa Italiana from the London Stock Exchange in the first half of 2021.
As Euronext’s shareholders approve the imminent acquisition of Bolsa Italiana from London Stock Exchange, it may well be looked at from those based in London as goodbye and good luck.
Euronext is in discussions for the acquisition of the business and key operational assets of Borsa Italiana.
Shareholders representing more than 90% of the total share capital of VP Securities have already accepted Euronext’s offer.
The approval by the Danish FSA that was the only condition to complete the transaction.
The shareholders unanimously voted in favour of Euronext’s acquisition of up to 100% of Oslo Børs VPS’s capital.
Euronext forecasts that its 2019 financials will also benefit from the full-year contribution of FastMatch and of the Irish Stock Exchange.
“After successfully migrating equities and bond cash markets during 2023, we’re delighted to have now seamlessly migrated the derivatives market for all our clients. This final step in the extensive project has once again demonstrated our ability to manage complex projects involving multiple stakeholders. I wholeheartedly thank the team for their professionalism and commitment to such a large-scale project.”
The update follows Euronext’s acquisition of the Borsa Italiana Cash and Derivatives markets exchange in April 2021. Euronext is replacing the Borsa Italiana exchange’s previous Millennium technology with its cutting-edge Optiq trading platform.
“The launch of this project helps shape our aligned objective of supporting entrepreneurs and executives in upskilling and empowering their strategies and business opportunities. For WTC Lisboa, this represents a milestone in its strategy of promoting the internationalisation of the Portuguese economy.”
Euronext, which operates the biggest pan-European exchange, has published its results for the fourth quarter and full year 2022.
“This will significantly contribute to achieve the €100 million 2024 targeted run-rate annual synergies related to the Borsa Italiana Group acquisition.”
In the event Saxo Bank goes forward with the listing, there will be no primary issue of shares by Saxo Bank.
Euronext, which operates the biggest pan-European exchange, said its second-quarter revenues improved to a record €374.7 million, up 14 percent from a year earlier.
Euronext, which operates the biggest pan-European exchange, said its second-quarter revenues improved 56 percent to €328.8 million. The exchange operator attributed the rise to a strong performance in listing and post-trade businesses, as well as the first consolidation with Borsa Italiana Group.
Claudia Kerr has experienced many changes ever since joining ClientKnowledge, which was acquired by ICAP, which was rebranded to NEX Group, which was acquired by CME Group.
Options will leverage his expertise after leading Fixnetix, managing real-time data and analytics at Refinitiv, and establishing Pico Trading’s low latency backbone.
First SPAC-listing of 2021 on Euronext raised €250 million
Migration of 276 companies now allows Oslo Bors listed firms and trading members to benefit from Euronext’s pan-European single order book
