Euronext has slashed costs at a faster pace than expected, as it lays out the priorities of its new strategy as an independent business.

The Paris-based exchange group, which was spun out of IntercontinentalExchange Group in June, said it has already achieved half of the €60 million in cost savings that it had committed to deliver over the next three years. As a result it expects the savings to be fully delivered 18 months ahead of schedule, by the end of the first half of 2015.