Euronext has confirmed the successful migration of Oslo Børs Cash Equities, Structured Products and ETFs onto the Euronext systems. The Exchange invites clients to prepare themselves for the start of Oslo Børs Cash Equities, Structured Products and ETFs market operations on Euronext systems today, November 30, 2020.
This follows the successful Oslo Børs Go-Live preparation session held on Saturday 28 November 2020.
Following Euronext’s acquisition of Oslo Børs VPS Holding ASA in June 2019, Oslo Børs’ trading systems, across asset classes, will migrate from the Millennium Exchange and SOLA systems to the Euronext Optiq® systems.
LCH SA will be appointed as the CCP providing post-trade services for the Derivatives Market and the current interoperability model in the Oslo Cash Equities Market will be continued with LCH Ltd, EuroCCP and SIX X-Clear. For fixed income bilateral settlement will be continued.
Optiq provides a single resilient route to Euronext pan-European Cash and Derivatives markets providing reliability, enhanced throughput and predictable latency for all asset classes. It delivers a simplified harmonized messaging model with maximum flexibility, within a single trading platform for Cash and Derivatives, providing clients with high performance and stability.
The move to Optiq has allowed Euronext to deliver an access model streamlined across markets, leveraging on its new leading edge technology. This simplified and flexible system allows shorter time-to-market for the delivery of new products and the implementation of customers’ requests, while creating an opportunity for customers to reduce their administrative costs.
The migration of Oslo Børs to Euronext Optiq will allow clients to benefit from all the features provided by the platform through improved connectivity and protocols, and optimized messaging model.
The Cash Equities Go-live is scheduled for 30 November 2020 and Derivatives and Fixed Income Go-live is scheduled for 7 December 2020.