Euronext to obtain Nordic Business Nordic of Nasdaq’s power of power
Amsterdam, Brussels, Dublin, Lisbon, Milan, Oslo and Paris / New York – January 28, 2025 – Euronext (EURONEXT: ENX), the main market infrastructure of European capital, and Nasdaq (Nasdaq: Said), a major transatlantic market operator and global technology company, announced today a binding agreement according to which Euronext will win Nasdaq Nordic Futures of Power Futer Business, depending on the receipt of applicable regulatory approval.
The agreement involves the transfer of existing positions open to Nasdaq’s Nordic energy derivatives, currently held in Nasdaq cleaning, in clearing Euronext, with the approval of members. The trading of the future of energy will be operated by Euronext Amsterdam and cleared through the clearing of Euronext. Nasdaq Clearing AB, Nasdaq Oslo ASA, and their respective infrastructure are not included in sale. Nasdaq will continue to operate the business of European market services and cleaning many estimates.
Estimated combination of Euronext Nord Pool market initiative with Nordic Nordic Nordic Business is fully compliant with Euronext’s strategic advantage “Innovate for Growth 2027” to expand into force and accelerate the distribution of the future of Euronext power . The transaction coincides with the EURONEXT capital allocation policy and will be fully funded with existing money.
Camille Beudin, head of the EURONEXT Diversity Services, said: “Euronext, with its strong presence in the Nordics and the efficient integrated configuration of trading and cleaning, is in a great position to provide a long and liquid market of future energy for the Nordic and Baltic region. Purchase of Nasdaq’s Nordic Power is a great accelerator for our ambition of the future of energy and positions Euronext as a key player for trading and protecting energy in Europee. “
Said Roland Chai, president of European markets in Nasdaq, said: “Class market infrastructure with many Nasdaq as an integral part of our business as an operator of transatlantic markets. This transaction will further sharpen our focus on strategic growth areas while leading European capital markets with strong commitment to the client, the state’s state infrastructure for trading and cleaning the classes with many assets, and expertise in sustainability solutions. Provide our members the degree and expertise needed to further their energy businesses. ”
In August 2024, Euronext and Nord Pool announced their plan to launch a market of the Nordic and Baltic Energy Future that addresses the market need to have a long, stable market infrastructure engaged in trading development secure of the future of energy in Norded and Baltic regions. Customer testing for the Euronext Nord Power Futer’s offer will open in March 2025. The infrastructure created as part of this project is expected to go directly in June 2025 and will be able to support the existing Nasdaq Nordic Futer business.
Euronext and Nasdaq intend to work closely together to ensure a smooth migration of Nasdaq’s Nordic Energy Futures in the first half of 2026. Until migration is completed, Nasdaq will continue to operate his Business Power Futures as Usually. Upon receipt of the required approval, Nasdaq will inform the market about the time of transfer of existing opened positions in Euronext and Nasdaq will emerge from migrating its business. No financial detail of the transaction has been disclosed.
Contacts – Euronext
Analysts and investors – Ir@euronext.com
Relations with investors Aurélie Cohen
Judith Stein +33 6 15 23 91 97
Media – mediateam@euronext.com
Europe Aurélie Cohen +33 1 70 48 24 45
Andrea Monzani +39 02 72 42 62 13
Belgium Marianne Aalners +32 26 20 15 01
France, Flavio Bornancin-Tomasella Corporation +33 1 70 48 24 45
Ireland Andrea Monzani +39 02 72 42 62 13
Italy Esther Russom +39 02 72 42 67 56
Netherlands Marianne Aalders +31 20 721 41 33
Norway Cathrine Lorvik Segerlund +47 41 69 59 10
Nord Pool Irene Zeier +47 905 79 250
Nord Pool Stuart Disbrey +44 7887 409 044
Portugal Sandra Machado +351 91 777 68 97
Coralie Patri Corporate Services +33 7 88 34 27 44
Contacts – Nasdaq
Analysts and investors – Them.garrett@nasdaq.com
Relationships with Investors ATA Garrett +1 212 401 8737
Media – Hampus.stenberg@nasdaq.com
European Hampus Stenberg +46 73 449 64 31 market services
Euronext
EURONEXT is the main infrastructure of the European capital market, which includes the entire chain of value of capital markets, from ranking, trading, clearing, resolution and custody, to solutions for issues and investors. Euronext runs MTS, one of the main markets of electronic trading of Europe’s fixed income, and Nord Pool, the European Energy Market. Euronext also provides cleaning and repayment services through the clearance of Euronext and his CSDs of securities in Denmark, Italy, Norway and Portugal.
Since December 2024, Euronext’s regulated exchanges in Belgium, France, Ireland, Italy, the Netherlands, Norway and Portugal over 1,800 issues listed with about 6 trillion in market capitalization, a strong exclusivity with blue chips and The largest global global center for debt and fund lists. With a diverse basis of local and international customers, Euronext deals with 25% of European capital trading. Its products include capital, FX, ETF, bonds, derivatives, goods and indices.
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Nasdaq
Nasdaq (Nasdaq: Said) is a global technology company that serves corporate clients, investment managers, banks, intermediaries and exchange operators while they navigate and interact with global capital markets and wider financial system. We aspire to offer world leading platforms that improve liquidity, transparency and integrity of the global economy. Our diverse offer of data, analytics, software, exchange skills and customers -centered services enables customers to optimize and execute their business vision with confidence. To find out more about the company, technology solutions and career opportunities, visit us at LinkedIn, x @nasdaq, or www.nasdaq.com.
Warning Note in relation to future statements
This communication contains future information about Nasdaq and the proposed sale of Nasdaq Nordic Power Futures from a Nasdaq associate to a Euronext collaborator, who transactions includes risks, uncertainty and considerable assumptions expressed or implied by Such statements. When used in this communication, words such as “will”, “enable”, “target”, “plans”, “expected” and similar expressions and any other statements that are not historical facts are intended to identify future statements . Future statements in this communication include, among other things, statements regarding the possible benefits of the proposed transaction, including statements regarding expectations of future operating results and financial performance, the time foreseen to close the proposed transaction, Preparations for open interest transfers and Nasdaq’s actions after closing. Risks and uncertainties include, among other things, risks associated with Nasdaq’s ability to consume the proposed transaction on time or at all; Nasdaq’s ability to ensure regulatory approval on the expected conditions, at the right time or not at all; the ability to realize the foreseen benefits of the proposed transaction, including the possibility that the expected benefits of the proposed transaction are not realized or will not be realized within the expected period; transaction disruption making it more difficult to maintain business relationships and operations; Risks associated with diverting management’s attention from Nasdaq’s continuous business operations; Negative effects of notification or consumption of the proposed transaction in the market price of the usual NASDAQ shares or in the results of NASDAQ operation; significant transaction costs; Unknown obligations; Risk of litigation or regulatory actions regarding the proposed transaction; and the effect of notification or transaction dependence on NASDAQ business relationships, operating results and business in general.
Further information on these and other risks and uncertainty about NASDAQ can be found in its reports presented in forms 10-K, 10-Q and 8-K and other registrations Nasdaq does with the SEC The following time here and available at www. Sec.gov. These documents are also available under the Section of Relations with Nasdaq’s website investors at http://ir.nasdaq.com/investor-relations. Future statements included in this communication are made only from its date. Nasdaq does not accept any obligation to update these future statements, except as required by law.
denial
This press release is only for information purposes: it is not a recommendation to get involved in investment activities and is provided “as it is”, without representation or guarantee of any kind. While all reasonable care has been made to ensure content accuracy, Euronext does not guarantee its accuracy or entirety. Euronext will not be held responsible for any loss or damage of any nature belonging to the use, confidence or action of the information provided. No information specified or referred to in this publication can be considered that the creation of any right or obligation. The creation of rights and obligations regarding the financial products marketed in exchanges operated by Euronext subsidiaries will depend only on the rules in force of the market operator. All the owner’s rights and interest in or related to this publication must be in Euronext. This press release speaks only from this date. Euronext refers to Euronext NV and his associates. Information about trademarks and EURONEXT intellectual property rights is available at www.euronext.com/terms.
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