Euronext Acquires Substantive Research to Enhance Market Data and Research Benchmarking Services

Euronext Acquires Substantive Research to Enhance Market Data and Research Benchmarking Services

(IN BRIEF) Euronext has acquired Substantive Research, a leading provider of market data and investment research benchmarking services, to strengthen its investor services. Substantive Research, serving over 100 global clients, will be integrated with Euronext’s subsidiary Commcise, offering enhanced market benchmarks and compliance tools for asset managers. The acquisition aims to boost Euronext’s recurring revenue streams and expand its presence in the investment research sector. Both companies expect to leverage each other’s strengths to scale operations and offer more comprehensive solutions to the buy- and sell-side communities.

(PRESS RELEASE) AMSTERDAM/BRUSSELS/DUBLIN/LISBON/MILAN/OSLO/PARIS/LONDON, 17-Sep-2024 — /EuropaWire/ — Euronext has acquired Substantive Research, a leading provider of research and market data benchmarking, to enhance its investor services offering. Founded in 2015 and based in London, Substantive Research offers transparency on research pricing and spending, serving over 100 clients worldwide, including asset managers and hedge funds.

Through its subsidiary Commcise, Euronext provides commission management, research valuation, and payment solutions. The integration of Substantive Research with Commcise will give clients access to unique market benchmarks and strengthen compliance capabilities for asset managers. The acquisition will allow Substantive Research to expand its benchmarking products, benefiting both buy-side and sell-side clients.

Euronext sees the acquisition as a way to boost recurring revenues and strengthen ties with the buy-side community, positioning itself as a leader in the investment research and market data sector.

About Euronext
Euronext is the leading pan-European market infrastructure, connecting European economies to global capital markets, to accelerate innovation and sustainable growth. It operates regulated exchanges in Belgium, France, Ireland, Italy, the Netherlands, Norway and Portugal. With nearly 1,900 listed issuers and around €6.5 trillion in market capitalisation as of end June 2024, it has an unmatched blue-chip franchise and a strong diverse domestic and international client base. Euronext operates regulated and transparent equity and derivatives markets, one of Europe’s leading electronic fixed income trading markets and is the largest centre for debt and funds listings in the world. Its total product offering includes Equities, FX, Exchange Traded Funds, Warrants & Certificates, Bonds, Derivatives, Commodities and Indices. The Group provides a multi-asset clearing house through Euronext Clearing, and custody and settlement services through Euronext Securities central securities depositories in Denmark, Italy, Norway and Portugal. Euronext also leverages its expertise in running markets by providing technology and managed services to third parties. In addition to its main regulated market, it also operates a number of junior markets, simplifying access to listing for SMEs. For the latest news, follow us on X (twitter.com/euronext) and LinkedIn (linkedin.com/euronext).

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SOURCE: Euronext