January 28, 2025 10:14 GMT
ELECTRICITY: Euronext Acquires Nasdaq’s Nordic Power Futures Business
ELECTRICITY
Euronext announced it has acquired Nasdaq’s Nordic power futures business, subject to regulatory approvals, it said.
- Under the agreement, Nasdaq will transfer existing open positions in its Nordic power derivatives to Euronext Clearing, with approval of the members.
- Trading of power futures will be operated from Euronext Amsterdam and will be cleared through Euronext Clearing.
- In August 2024, Euronext and Nord Pool announced plans to launch a Nordic and Baltic power futures market, with client testing for the Euronext Nord Pool power futures to start in March 2025.
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