Euronext Primary Markets Have Best Quarter in Three Years

⦿ Executive Snapshot

What: Euronext reports its best first quarter in three years for primary markets activity despite market volatility.
Who: Stéphane Boujnah (CEO), Giorgio Modica (CFO), Camille Beudin (Head of Strategic Development and M&A), Pierre Davoust (Head of Euronext Securities).
Why it matters: The report highlights Euronext's growth trajectory and strategic initiatives, reinforcing its leading position in European markets and the expansion of its technology and services.

Primary markets revenue reached €52.3m, a 12.8% increase year-over-year, with 12 new equity listings, half international.
Euronext's acquisition and integration of Athens Exchange Group has positioned Athens as a financial technology hub in Europe.
Euronext Nord Pool power futures became fully operational on March 16, 2026, following the migration of open interest from Nasdaq Clearing to Euronext Clearing.

Euronext's performance is set against a backdrop of elevated market volatility, which has historically affected trading volumes and investor sentiment.
The integration of the Athens Exchange and expansion of the CSD services reflect Euronext's strategy to enhance its operational efficiency and market reach across Europe.

The strong quarterly performance indicates immediate competitive advantages for Euronext in attracting listings and trading volume, particularly in the wake of market volatility.
Long-term, the migration of markets to proprietary technology platforms like Optiq may enhance Euronext's operational capabilities and client offerings.

Potential regulatory challenges or market disruptions, such as geopolitical conflicts, may impact trading volumes and market stability.
Competition from other exchanges and trading platforms could affect Euronext's market share and revenue growth.

The planned migration of the Greek market to Optiq in June 2027 will be a significant milestone to monitor for operational success.
The onboarding of new international participants to Euronext's repo clearing platform in July 2026 will signal the expansion and acceptance of Euronext's services in broader markets.