Exchange group Euronext is reportedly considering moving all of its ETPs to one venue in order to reduce the fragmentation of its ETP listings.
Currently, its ETPs are listed across seven different European venues – Amsterdam, Brussels, Dublin, Lisbon, Milan, Oslo and Paris.
According to a Bloomberg report, Euronext is planning to consolidate its ETP listings in Amsterdam.
Talks are apparently ongoing but the move could be completed as early as Q3 in 2025.
While Euronext has not commented on the reports, it did issue a statement underlining its commitment to limiting the negative impact of fragmented ETP listings.
Euroclear reports strong financial performance in 2024
“We are committed to addressing fragmentation in the European ETF market to unlock its full growth potential,” stated a spokesperson. “As part of our 2027 roadmap, we plan to introduce a consolidated European listing, trading, and post-trade solution for ETFs.”
While the European ETP market continues to grow, it still lags some way behind the US and one of the reasons stated for this gap is the fragmented trading landscape in Europe where ETPs may be listed on several separate exchanges, incurring cost and limiting liquidity.
No where is this more evident than in the case of Euronext which has more than 3,300 ETPs from 50 issuers listed across its seven venues.
