Euronext has signed a binding agreement to acquire Nasdaq’s Nordic power futures business. This acquisition, pending regulatory approvals, is a key milestone in Euronext’s commitment to providing a sustainable and secure market infrastructure for power derivatives trading in the Nordic and Baltic regions.
It aligns with Euronext and Nord Pool's ‘Innovate for Growth 2027’ strategic initiative to expand in European power futures trading and hedging, with the new Euronext Nord Pool Power Futures market.
Nasdaq-Euronext clearing agreement: power derivatives transfer in 2026
As part of the agreement, open positions in Nasdaq’s Nordic power derivatives, currently held by Nasdaq Clearing, will - with the approval of the members - be transferred to Euronext Clearing in the first half of 2026.
Trading of power futures will be operated from Euronext Amsterdam and cleared via Euronext Clearing.
The Nasdaq Nordic Power Futures business will be become part of the new Euronext Nord Pool Power Futures market.
Introducing the new Euronext Nord Pool Power Futures market
In August 2024, Euronext and Nord Pool announced that they will launch a dedicated Nordic and Baltic power derivatives market.
The Euronext Nord Pool Power Futures market will leverage Euronext’s state-of-the-art trading platform, Optiq® and Euronext Clearing’s risk model and clearing services, to provide a long-standing, liquid and sustainable market infrastructure for secure power futures trading in the Nordic and Baltic regions, built on a strong Nordic foundation.
The Euronext Nord Pool Power Futures market will offer trading of cash-settled futures for all maturities on System Price and EPADs (Electricity Price Area Differentials), with underlying spot indices provided by Nord Pool.
Building a sustainable and liquid power derivatives market
By harnessing its expertise in trading, hedging, clearing and risk management, Euronext aims to deliver a competitive and attractive offering for market participants.
This initiative accelerates Euronext’s ambitions to strengthen power futures in the Nordic and Baltic regions. By harnessing its expertise in trading, hedging, clearing and risk management, Euronext aims to deliver a competitive and attractive offering for market participants.