Following regulatory approval, the Irish Stock Exchange plc joined Euronext's federal model with effect from 27th March 2018 and will operate under the business name Euronext Dublin, with Ireland becoming one of the six core countries of Euronext.
Euronext is the leading pan-European exchange in the Eurozone, spanning Belgium, France, Ireland, the Netherlands, Portugal and the UK. Euronext's mission is to power pan-European capital markets to finance the real economy. It brings together buyers and sellers in venues that are transparent, efficient and reliable.
The combined Euronext group is the largest centre for debt and funds listings in the world, with more than 37,000 listed bonds and 5,600 funds, and is a major player in ETFs with 1,050 listings.
It is expected that the acquisition will offer significant growth opportunities for the Euronext group:
- Becoming the European ETF listing venue of choice for investors globally, providing an easy single entry point to Europe and a pan-European trading platform through its new MTF for ETFs to be launched in H2 2018.
- Strengthening the group's leading position in debt listings including the launch of a new trading platform to improve corporate bonds liquidity, Euronext Synapse.
- Increasing market choice to existing and future Irish listed companies and the Irish capital markets' ecosystem, with a single pool of liquidity, and leveraging of Euronext corporate services for SME and technology companies to support scaling companies in Ireland
The regime for listing of investment funds and specialist securities on Euronext Dublin, including listing rules and timelines, will not be affected. The previous listing rules have been rebranded and updated as appropriate and are available here
A copy of the announcement published earlier by Euronext is available at Euronext Dublin announcement.