Euronext and Nord Pool launch power futures market
27 August 2024 Netherlands, Norway
Image: EMRAN/stock.adobe.com
Euronext has partnered with Nord Pool to launch a Nordic and Baltic power derivatives market.
The new Euronext Nord Pool Power Futures market will be traded on Euronext鈥檚 pan-European Optiq trading platform and cleared by Euronext Clearing.
Through the new market, Euronext aims to provide a long-standing, sustainable market infrastructure committed to developing secure power futures trading in the Nordic and Baltic regions, with a strong Nordic foundation, the firm says.
Euronext Nord Pool Power Futures will offer trading of cash-settled futures for all maturities on System Price and EPADs across the Nordics and Baltics, with underlying spot indices provided by Nord Pool.
Tom Darell, CEO at Nord Pool, says: 鈥淭he Nordic and Baltic power market is showing a recovery since the energy crisis, but action is needed to cement and accelerate that recovery.
鈥淣ord Pool and Euronext will work to bring back liquidity to Nordic power derivatives, with a set-up which will attract OTC traded volumes into the market.鈥�
The announcement follows a consultation with market participants from the Nordic and Baltic power sectors.
鈥淭heir message has been clear: end uncertainty in the power derivatives territory by delivering a liquid power futures market, run by a business with commitment and a vision for the future,鈥� Darell adds.
Camille Beudin, head of diversified services at Euronext and chairman of the board of directors at Nord Pool, comments: 鈥淭he launch of Euronext Nord Pool Power Futures presents a unique opportunity to combine the skills and expertise of Euronext across energy markets with a firm Nordic base, harnessing industry knowledge, trading and clearing of financial products, in order to deliver an attractive and competitive offering for customers.鈥�
Client testing of Euronext Nord Pool Power Futures will open in March 2025.
The new Euronext Nord Pool Power Futures market will be traded on Euronext鈥檚 pan-European Optiq trading platform and cleared by Euronext Clearing.
Through the new market, Euronext aims to provide a long-standing, sustainable market infrastructure committed to developing secure power futures trading in the Nordic and Baltic regions, with a strong Nordic foundation, the firm says.
Euronext Nord Pool Power Futures will offer trading of cash-settled futures for all maturities on System Price and EPADs across the Nordics and Baltics, with underlying spot indices provided by Nord Pool.
Tom Darell, CEO at Nord Pool, says: 鈥淭he Nordic and Baltic power market is showing a recovery since the energy crisis, but action is needed to cement and accelerate that recovery.
鈥淣ord Pool and Euronext will work to bring back liquidity to Nordic power derivatives, with a set-up which will attract OTC traded volumes into the market.鈥�
The announcement follows a consultation with market participants from the Nordic and Baltic power sectors.
鈥淭heir message has been clear: end uncertainty in the power derivatives territory by delivering a liquid power futures market, run by a business with commitment and a vision for the future,鈥� Darell adds.
Camille Beudin, head of diversified services at Euronext and chairman of the board of directors at Nord Pool, comments: 鈥淭he launch of Euronext Nord Pool Power Futures presents a unique opportunity to combine the skills and expertise of Euronext across energy markets with a firm Nordic base, harnessing industry knowledge, trading and clearing of financial products, in order to deliver an attractive and competitive offering for customers.鈥�
Client testing of Euronext Nord Pool Power Futures will open in March 2025.
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