What Is Euronext Dublin?
The term Euronext Dublin refers to a cross-border stock exchange located in Ireland. It was formed in 2018 as a result of the merger between the Irish Stock Exchange and Euronext. The exchange provides Irish and international companies with access to European capital markets. Investors have access to a variety of assets that trade on the exchange, including stocks and bonds. It operates electronically. The exchange's benchmark index is the ISEQ 20.
Key Takeaways
- Euronext Dublin is an electronic stock exchange that operates out of Dublin, Ireland.
- The exchange was formed following the merger between the Irish Stock Exchange and Euronext in 2018.
- Securities that trade on the exchange include stocks, bonds, mutual funds, and ETFs.
- The ISEQ 20 is the benchmark index that tracks Euronext Dublin.
- The Irish Stock Exchange began trading in 1793 and became a legally recognized entity in 1799.
Understanding Euronext Dublin
Euronext Dublin is a stock exchange that is headquartered in Dublin, Ireland. The exchange was established when the Irish Stock Exchange joined the Euronext Group in March 2018. As noted above, it is a hub for Irish and international companies, giving them access to capital markets across Europe.
The exchange is home to a variety of different securities, including stocks, bonds, Irish government bonds, mutual funds, and exchange-traded funds (ETFs). Euronext Dublin is home to more than 48,000 bonds. As such, it is considered one of the world's leading exchanges for bond listings. It is also Europe's largest area for ETF trading.
Trading takes place electronically across the Optiq platform. Settlement for trades takes place across the Euroclear Bank. The exchange is open Monday to Friday, except for major holidays.
The benchmark index that tracks Euronext Dublin is the ISEQ 20, which is comprised of the 20 companies with the highest market capitalization on the overall ISEQ All-Share Index. The ISEQ 20 tracks at about €6,900 as of August 2022.
Special Considerations
The Central Bank of Ireland has authority over Euronext Dublin. This authority is extended to the exchange's four securities markets, including Euronext Dublin, Euronext Growth, the Global Exchange Market, and the Atlantic Securities Market.
Euronext Dublin is headed up by chief executive officer (CEO) Daniel Byrne. He is also a member of the Euronext board. The board has 10 board members, which also includes the CEO. The board is chaired by Stéphane Boujnah, who is also the group's CEO.
History of Euronext Dublin
As noted above, Euronext Dublin was formed in March 2018 when the Irish Stock Exchange was merged with Euronext, which is the largest stock exchange group in Europe. The group was originally established with the merger of stock exchanges in Amsterdam, Brussels, and Paris in 2000. Euronext expanded its presence in Europe when it established Euronext Lisbon in 2002, Euronext Oslo in 2019, and Euronext Milan in 2021.
The Irish Stock Exchange began trading in 1793 and became a legally recognized entity in 1799 when the Irish Parliament passed the Stock Exchange (Dublin) Act.In 1973, the exchange was merged with other British and Irish stock exchanges and became part of the International Stock Exchange of Great Britain and Ireland. This merger became known as the London Stock Exchange (LSE). In 1995, the Irish Stock Exchange became a separate, autonomous entity once again.
The Irish Stock Exchange was a member of the World Federation of Stock Exchanges (WFE), as well as the Federation of European Stock Exchanges. Both these organizations are industry associations that represent global and European exchanges, respectively.
FAQs
The Irish Stock Exchange was first recognised by legislation in 1799 when the Irish Parliament passed the Stock Exchange (Dublin) Act. The exchange originally operated from the Royal Exchange and was built so that businessmen could sell goods and commodities and trade bills of exchange.
What is the history of the Dutch stock market? ›
Founded in 1602, along with the creation of the Dutch East India Company (VOC), the Amsterdam Stock Exchange is considered the oldest, still-functioning stock exchange in the world. The need for a bank grew with the prevalence of European trade and with the need to offer financiers a way to profit in this commerce.
Is Euronext Dublin a Recognised stock exchange? ›
Recognised stock exchanges
The recognised stock exchange in the Republic of Ireland is the Irish Stock Exchange (trading as Euronext Dublin).
What is the history of the stock exchange? ›
Who Created the Stock Market? The first modern stock trading market was created in Amsterdam when the Dutch East India Company was the first publicly traded company. To raise capital, the company decided to sell stock and pay dividends of the shares to investors. Then in 1611, the Amsterdam stock exchange was created.
What was the first stock exchange in history? ›
History. The Amsterdam stock exchange is considered the oldest "modern" securities market in the world. It was created shortly after the establishment of the Dutch East India Company (VOC) in 1602 when equities began trading on a regular basis as a secondary market to trade its shares.
What is the Dublin stock exchange called? ›
The Irish Stock Exchange plc, trading as Euronext Dublin, is also authorised by the Central Bank of Ireland to operate its four securities markets – Euronext Dublin, Euronext Growth, the Global Exchange Market (GEM) and the Atlantic Securities Market (ASM).
Why were the Dutch so successful in trading? ›
The Dutch economy largely flourished due to its efficient textile, shipbuilding, and agricultural industries; its development of an advanced financial system; and its establishment of monopolies on international trade such as spices, sugar, and slaves, all via the Dutch East India Company.
What does Euronext do? ›
Euronext N.V. (short for European New Exchange Technology) is a pan-European bourse that provides trading and post-trade services for a range of financial instruments.
Why were the Dutch successful in trading? ›
A technological revolution in shipbuilding led to a competitive advantage in shipping that helped the young Republic become the dominant trade power by the mid-17th century. In 1670, the Dutch merchant marine totalled 568,000 tons of shipping—about half the European total.
Who are the owners of Euronext? ›
Euronext Reference Shareholders
| Name of reference shareholder | Number of shares | Individual shareholding (% of capital) |
|---|
| Caisse des Dépôts et Consignations | 8,375,531 | 7.82% |
| CDP Equity | 8,375,531 | 7.82% |
| Euroclear S.A./N.V. | 1,071,064 | 1.00% |
| Intesa Sanpaolo | 1,606,594 | 1.50% |
3 more rowsBecome a member of the Euronext Cash Market or the Euronext Derivatives Market. To become a member you must complete an application form, undergo a due diligence review and execute an agreement stating you will adhere to all Exchange regulations.
What is the largest company on Euronext? ›
As of March 2024, the largest company by market capitalization listed on the Euronext stock exchange was the French luxury goods company LVMH, which consists of Louis Vuitton, Moët and Hennessy.
What is the old name of stock exchange? ›
It began as “The Native Share & Stock Brokers Association”, later renamed as the Bombay Stock Exchange and informally known as "Dalal Street". Its current location is at Dalal Street which was named after Roychand's brokerage firm – the Dalal Street Investment Corporation.
What is the largest stock market in the world? ›
There are approximately 55,214 listed companies worldwide as of December 2023. Though the Americas and Europe have large numbers of listed companies, significant growth comes from Asia. The largest stock exchange in the world is the New York Stock Exchange.
What is the largest stock exchange in the world? ›
The New York Stock Exchange (NYSE) is the largest stock exchange in the world, with an equity market capitalization of over 25 trillion U.S. dollars as of December 2023.
Which is the most old stock exchange in the world? ›
The Amsterdam Stock Exchange is considered the oldest in the world.
Where was the oldest stock exchange in the world? ›
The first book in history of securities exchange, the Confusion of Confusions, was written by the Dutch-Jewish trader Joseph de la Vega and the Amsterdam Stock Exchange is often considered the oldest "modern" securities market in the world.
What is the oldest stock exchange in us? ›
Exchanges first began as moneylenders bought and sold debt. As stock trading evolved, the Philadelphia Stock Exchange became the first in the United States. As of 2024, the NYSE and Nasdaq are the largest exchanges globally, ranked by total market capitalization.
Who founded Dublin and other trading towns in Ireland? ›
The Vikings settled in Dublin from 841 AD onwards. During their reign Dublin became the most important town in Ireland as well as a hub for the western Viking expansion and trade. It is in fact one of the best known Viking settlements. Dublin appears to have been founded twice by the Vikings.
