Oslo Børs Derivatives and Fixed Income successfully migrated onto Euronext systems
Euronext has confirmed the successful migration of Oslo Børs Derivatives and Fixed Income onto the Euronext systems. The Exchange invites clients to prepare themselves for the start of Oslo Børs Derivatives and Fixed Income market operations on Optiq® on Monday 7 December 2020.
This follows the successful Oslo Børs Go-Live preparation session held on Saturday 5 December 2020.
The announcement is made about a week after Euronext confirmed the successful migration of Oslo Børs Cash Equities, Structured Products and ETFs onto the Euronext systems.
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.