Euronext to acquire Nasdaq’s Nordic power futures business
28 January 2025 Amsterdam, US
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Euronext has signed an agreement under which it will acquire Nasdaq’s Nordic power futures business, subject to regulatory approvals.
The agreement will see the transfer of existing open positions in Nasdaq’s Nordic power derivatives, currently held in Nasdaq Clearing, to Euronext Clearing.
Trading of power futures will be operated from Euronext Amsterdam and will be cleared through Euronext Clearing.
Camille Beudin, Euronext head of diversified services, comments: “Euronext, with its strong presence in the Nordics and efficient integrated trading and clearing setup, is in an excellent position to deliver a long-standing and liquid power futures market for the Nordic and Baltic region.
“The acquisition of Nasdaq’s Nordic power futures is a major accelerator for our power futures ambition.”
In August 2024, Euronext and Nord Pool announced plans to launch a Nordic and Baltic power futures market that addresses the need to have a long-standing, sustainable market infrastructure committed to developing secure power futures trading in these regions.
Client testing for the Euronext Nord Pool power futures offering will open in March 2025. The infrastructure created as part of this project is expected to go live in June 2025 and will support the existing Nasdaq Nordic power futures business.
Commenting on the announcement, Roland Chai, president of European Markets at Nasdaq, says: “Nasdaq’s European multi-asset class market infrastructure is an integral part of our business as an operator of transatlantic markets.
“This transaction will further sharpen our focus on strategic growth areas as we lead the European capital markets with strong client commitment, state of the art infrastructure for multi-asset class trading and clearing, and expertise in sustainability solutions.”
Euronext and Nasdaq intend to work closely to ensure a smooth migration of Nasdaq’s Nordic power futures in the first half of 2026.
Nasdaq Clearing AB, Nasdaq Oslo ASA, and their respective infrastructure are not included in the sale.
The agreement will see the transfer of existing open positions in Nasdaq’s Nordic power derivatives, currently held in Nasdaq Clearing, to Euronext Clearing.
Trading of power futures will be operated from Euronext Amsterdam and will be cleared through Euronext Clearing.
Camille Beudin, Euronext head of diversified services, comments: “Euronext, with its strong presence in the Nordics and efficient integrated trading and clearing setup, is in an excellent position to deliver a long-standing and liquid power futures market for the Nordic and Baltic region.
“The acquisition of Nasdaq’s Nordic power futures is a major accelerator for our power futures ambition.”
In August 2024, Euronext and Nord Pool announced plans to launch a Nordic and Baltic power futures market that addresses the need to have a long-standing, sustainable market infrastructure committed to developing secure power futures trading in these regions.
Client testing for the Euronext Nord Pool power futures offering will open in March 2025. The infrastructure created as part of this project is expected to go live in June 2025 and will support the existing Nasdaq Nordic power futures business.
Commenting on the announcement, Roland Chai, president of European Markets at Nasdaq, says: “Nasdaq’s European multi-asset class market infrastructure is an integral part of our business as an operator of transatlantic markets.
“This transaction will further sharpen our focus on strategic growth areas as we lead the European capital markets with strong client commitment, state of the art infrastructure for multi-asset class trading and clearing, and expertise in sustainability solutions.”
Euronext and Nasdaq intend to work closely to ensure a smooth migration of Nasdaq’s Nordic power futures in the first half of 2026.
Nasdaq Clearing AB, Nasdaq Oslo ASA, and their respective infrastructure are not included in the sale.
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