Oslo Børs transitions Norwegian listed companies to Euronext’s Optiq
Euronext today announced the successful migration of the 276 companies with equities currently listed in Oslo to the Euronext single order book empowered by the proprietary trading platform, Optiq.
This milestone is reached 17 months after Oslo Børs joined Euronext and 21 months after Euronext Dublin’s successful migration to Optiq.
Companies listed on Oslo Børs will get access to the largest liquidity pool of international capital in Europe, powered by a single order book. 1,500 issuers are now listed on Euronext’s exchanges, in Amsterdam, Brussels, Dublin, Lisbon, Oslo and Paris.
Being listed on Euronext’ integrated markets will allow companies listed in Oslo to benefit fully from Euronext’s proprietary issuer services, which include the online Connect portal of companies’ trading data. Euronext also proposes corporate services such as webinars and webcasts, an investor relationship management and targeting platform for corporate investor relations teams, strategic analyses of shareholding structure, tailor-made IR and ESG advice, a board portal and an insider list management tool.
As part of this transition, on November 30, 2020, Oslo Børs changed the name of three marketplaces to align with the rest of the Euronext group. ‘Oslo Axess’ has been renamed ‘Euronext Expand’, ‘Merkur Market’ is now ‘Euronext Growth’, and ‘NOTC’ is ‘Euronext NOTC’. There have been no substantive rule changes or functionality changes to these markets.
Stéphane Boujnah, CEO and Chairman of the Managing Board of Euronext, said:
“Optiq® is the pillar of our ambition to build the leading pan-European market infrastructure. Our state-of-the-art, multi-market trading platform provides customers with maximum flexibility, simplified and harmonised messaging as well as high performance and stability, as demonstrated during the recent volatility peaks.
This migration is a key milestone in the integration roadmap of Oslo Børs as Norwegian stakeholders will now be able to leverage the full power of the Euronext single liquidity pool enabled by a single order book. I am proud to see how the whole Euronext organisation has worked together towards this milestone despite the coronavirus pandemic, and only 17 months after we completed the Oslo Børs VPS acquisition.”