Euronext is set to acquire Nasdaq’s Nordic power futures business
Euronext, a key player in Europe’s capital market, is making a significant move by acquiring Nasdaq’s Nordic power futures business. This deal, announced on January 28, 2025, is still pending regulatory approval.
The acquisition involves transferring ongoing positions in Nasdaq’s Nordic power derivatives to Euronext Clearing, which will handle the trading from Amsterdam. However, Nasdaq Clearing AB and its infrastructure will not be part of this agreement, allowing Nasdaq to maintain its European market operations and multi-asset clearing services.
This merger fits perfectly with Euronext’s strategic plan, called “Innovate for Growth 2027,” aimed at enhancing power market initiatives. Euronext plans to fund this acquisition entirely with cash, which aligns with its financial strategy.
Camille Beudin, the Head of Diversified Services at Euronext, shared that this acquisition solidifies Euronext’s position to create a reliable and active power futures market for the Nordic and Baltic regions. According to Beudin, this is a major step towards achieving Euronext’s goals in the power trading sector in Europe.
On the Nasdaq side, Roland Chai, President of European Markets, emphasized that this sale allows Nasdaq to focus on strategic growth areas while ensuring that clients will continue to receive the high-quality services they expect.
Back in August 2024, Euronext partnered with Nord Pool to establish a power futures market in the Nordic and Baltic regions. This initiative was in response to market demands for a stable, sustainable trading environment. Testing for the new power futures offering is set to begin in March 2025, with the system expected to launch in June 2025, supporting the existing Nasdaq Nordic business.
The transfer of Nasdaq’s Nordic power futures is expected to occur smoothly by the first half of 2026, with Nasdaq continuing its operations as usual until then. Upon receiving necessary approvals, Nasdaq will notify the market regarding the timeline for the transition.
No financial specifics about the deal have been disclosed.
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Paris Stock Exchange:ENX, Euronext Paris SA
