Pierre Davoust, who is Euronext’s head of central securities depositories, gave the first keynote of PostTrade 360° Oslo on Wednesday morning.
He ran through a number of the key drivers of the European post-trade market – where, notably, his own business has taken over not only the CSDs of Norway and Denmark, but also recently Monte Titoli of Italy.
“Post trade moves at a slow pace but it is certain, and the long term game is really about having a more integrated capital market in Europe,” he said.
Activity is high in the market, with more than 50 listings on Oslo Børs in 2020 – a number that has not been seen since 2007. And overall, he described Nordic markets and market participants as well-prepared to serve clients in the emerging landscape.
“Norway is definitely an attractive place to raise money, because of a very vibrant investor community – and a very vibrant retail investor community. So this boom of IPOs, combined with the boom of retail trading, really is an amazing phenomenon. And of course, it’s an amazing business opportunity for all the players in the post trade industry.”
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