Euronext weighs next steps as chief executive departs

Euronext has grown into a profitable exchange group spanning eight markets after previously being discarded by its American owners.

The company behind the stock exchanges in Amsterdam, Paris, and Brussels faced severe difficulties shortly after its initial public offering. A strategy focused on cost cuts and acquisitions turned the business into a success.

Leadership transition and expansion prospects

Chief executive Stéphane Boujnah is now leaving the company after more than ten years at the helm.

Questions remain over whether the exchange operator can position itself as a serious alternative to Wall Street for listings and trading.

A potential deal with the German stock exchange would carry major significance for the group, though several steps remain necessary before such an agreement could happen.

Source: FD