Euronext NV (LTS:0QVJ)

€ 91.575 2.2 (2.46%) Market Cap: 9.50 Bil Enterprise Value: -172.65 Bil PE Ratio: 17.42 PB Ratio: 2.41 GF Score: 92/100

Euronext NV investor Day - Workshop (3) Transcript

Nov 09, 2021 / 03:10PM GMT

Release Date Price: €94.23 (-2.21%)

Transcript

Georges Lauchard

Euronext N.V. - Group COO & Member of the Managing Board

Okay. Good afternoon again. We're just going to restart the session. This time, we'll be covering the Data Centre and the Optiq migration. So the reason why you have this duo of Simon and myself is that on one side, the Data Centre and the Optiq migration are very significant technology investment, probably our largest technology investment, I would say, in this whole program. But at the same time, the impact that it has on the trading macro structure are also significant and Simon will walk through this as we go through the sessions.

So I mean we clearly live it all the time, but I'll probably spend a little bit of time explaining what is a data center for us, what it provides in terms of services, and then obviously, understanding like what is the end or the impact of that. So a data center is really the modern day trading pit. So 2 floor above, you have the trading pit, the old trading pit of Borsa Italiana, which essentially is a large space where traders used to interact with each other and provide each other

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