Resilience during volatility

These are challenging times for everyone, and that is why operating resilient, fair and orderly markets has never been more crucial than today.

 As one of Europe’s principal exchange operators, it is our duty to prepare for times like these. Euronext has invested heavily in technology, capacity and latency, and processes. These investments have proven their worth in the recent unprecedented trading environment. Most of our staff are currently working from home whilst operating a fully functional infrastructure with no latency issues.

 We are also maintaining a full system of ‘circuit breakers’ which enables trading in individual securities to be halted for a short period when price movements are too erratic. This avoids the need to halt the entire market, whilst allowing traders to pause and absorb the information flow. Our circuit breakers are performing as they were designed to. 

Stock exchanges are the key aggregation centres for natural flows’ liquidity and play a key role in price formation. Our core mission is to finance the real economy and this requires us to ensure the efficient and transparent formation of prices. Euronext will continue to do so despite the exceptional circumstances currently affecting Europe and the world at large.

Our markets will remain open, because their efficient functioning is secured, and because appropriate adjustments, if and when needed, are implemented following a close dialogue with our clients and our regulators.