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significant number of customers within a changing and complex regulatory framework .
If you look at Euronext , we ’ ve grown substantially over the years , and that scale differentiates us as we grow across Europe . As a result of that , in the regulatory space we have made significant investment in terms of stability , resiliency and scalability , but also in managing and making it as easy as possible for customers to understand their requirements .
The key here is that we ’ re not just an exchange , we are also a post-trade business . We have acquired a number of central securities depositaries across the Group and these are technology heavy businesses . We also have Euronext FX , our FX business , and the Technology Solutions business , where we sell our trading software to other venues , including exchanges , providing them with best-in-class technology .
Given the growth within Europe ’ s capital markets , how much emphasis are you putting on resilience , monitoring , and control framework ? It is imperative to have the highest level of availability , resiliency and capacity as well as be deterministic in our infrastructure , meaning that latency on the exchange is constant and there ’ s no fluctuation .
With our Optiq platform , we have three areas of focus : prevention , detection and recovery . We have made significant investment on preventative measures and detection , being much more granular in our detection capability and using machine learning there . Then , we ’ ve worked with clients on recovery . If the first two layers of security don ’ t solve the problem initially , then we work closely with clients to make the recovery as fast as possible with a clear framework around it .
In the ever-changing regulatory landscape , how has Euronext adapted in terms of its APA / ARM transaction reporting ? The key thing with our APA / ARM is that it really is a scale business . We ’ re talking about millions of transactions that are being reported on a daily basis across a
With other exchange groups pulling their service , was there an active decision to keep yours going and investing into it ? The APA / ARM is very much a regulatory requirement and is an integral part of operating as an exchange . It is a required and necessary offering . For us to exit this business , would not make any sense . We have a number of obligations for our members to do regulatory reporting , so the investment we ’ re making is utilised across our customer base .
Moving into your second year as COO , what other priorities do you have from a technology and operations perspective ? Technology is a heavy consumer of energy . As a team , we have a strong focus on reducing our carbon footprint . It comes in two ways . One is to optimise the physical server footprint that we utilise . As we migrated from our UTP platform to Optiq , we reduced our server footprint by 66 %. This resulted in a 13 % reduction in our overall carbon footprint .
We are also working with our data centre providers on renewable energy . Making sure we have 100 % renewable energy in those centres has become a major focus point for the company .
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