Euronext's new Optiq platform is now live on cash markets, including equities, structured products, exchange-traded funds and fixed income, offering access across all asset classes on the company's pan-European exchanges. Developed in-house in collaboration with clients, the platform has been designed to introduce new products and functionalities through a 'modular architecture and the latest generation of components', according to the company.

'The platform will enhance strengthen the value proposition of our federal model, and foster innovation,' said Stephane Boujnah, chief executive officer and chairman of the managing board of the exchange.

The platform has an average performance latency of 15 micro-seconds for order roundtrip as well as for market data, and can accommodate unlimited capacity, according to Euronext. Since it went live, June 25, the platform has handled more than 14 billion messages and 18.8m trades, according to the exchange. The platform also comes with surveillance and monitoring services for volatility.

The introduction of the platform follows the implementation of Market Data Gateway in July 2017 and the migration of fixed-income instruments to the platform in April 2018. The final stage in the platform's deployment will be to migrate the exchange's derivatives markets to Optiq next year.

The new platform also brings 'a significant reduction in hardware footprint and a tenfold increase in capacity', according to the exchange. Optiq will also power Euronext's new ETF MTF as part of its Agility for Growth strategic plan.

Euronext is offering Optiq to other exchanges and venue operators, including the Luxembourg Stock Exchange, which is already using it, and five other undisclosed exchanges around the world which have begun migration projects to the new platform.

Euronext has a wide range of products listed in Paris, Amsterdam, Dublin, Lisbon and Brussels, including 1,292 equities from blue-chips to small- and medium-sized enterprises on Euronext, and its Growth and Access venues; 5,692 fixed-income products; 801 ETFs; and 73,331 structured products.

The exchange's Euronext France Germany Leaders 50 EW Decrement 5% Index is the second most used index in Europe's structured products market this year, with €13m sold across nine products.

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