Euronext Revamps Index Platform, Eyes Expansion of Custom Index Business

The exchange views custom index creation as a growth area for its data business.

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The first phase of the project, dubbed Euro­next Index Services, officially goes live Monday, June 1, and will see the platform rolled out for new indexes being created for clients. The second phase, in July, will see the exchange expand the platform’s coverage to all new indexes, before migrating its existing indexes around the end of this year in a phased cutover.

The upgrade is being rolled out to address new opportunities, rather than a requirement of the separation from NYSE. “NYSE and Euro