London, UK – October 18, 2025 — Leading pan-European exchange operator Euronext today voiced its backing for Germany’s initiative to create a single European stock exchange, aimed at boosting liquidity, reducing fragmentation and improving access to capital for European companies.
Key Highlights
- Euronext CEO Stéphane Boujnah publicly welcomed comments by German Chancellor Friedrich Merz calling for deeper integration of Europe’s capital-markets infrastructure.
- The exchange operator underscored that its ecosystem already supports over 1,700 listed companies, with a combined market-capitalisation of approximately €6.5 trillion.
- Euronext emphasised that consolidation of trading venues and regulatory frameworks could unlock part of the EU’s estimated €13 trillion in private savings for investment in growth-stage firms.
Strategic Implications
- A unified exchange could reduce compliance costs and regulatory duplication across member states and strengthen Europe’s ability to compete globally against U.S. and Asian capital markets.
- For investors and issuers alike, increased liquidity and deeper pools of capital may enhance fundraising prospects, particularly for SMEs and scale-ups seeking Europe-based listings.
- However, the transition road is complex: national regulators, language barriers, oversight divergence and member-state sovereignty issues remain significant challenges.
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