Euronext Launches Integrated Nord Pool Power Futures Market Strengthening Energy Trading Across Nordic and Baltic Regions

Euronext Launches Integrated Nord Pool Power Futures Market Strengthening Energy Trading Across Nordic and Baltic Regions

(IN BRIEF) Euronext has launched Euronext Nord Pool Power Futures in the Nordic and Baltic regions, successfully migrating 100 percent of open interest from Nasdaq Clearing to its own clearing system. The new platform enables trading and clearing of power futures through a unified infrastructure, combining Euronext’s technology with Nord Pool’s established pricing benchmarks. With 173 terawatt-hours of open interest transferred and strong participation from market members, the initiative enhances liquidity, improves capital efficiency, and supports risk management in electricity markets. The launch is a key step in Euronext’s Innovate for Growth 2027 strategy and contributes to strengthening Europe’s energy market infrastructure, integration, and strategic autonomy.

(PRESS RELEASE) AMSTERDAM, ATHENS, BRUSSELS, DUBLIN, LISBON, MILAN, OSLO AND PARIS, 20-Mar-2026 — /EuropaWire/ — Euronext has announced the successful launch of Euronext Nord Pool Power Futures across the Nordic and Baltic regions, marking a major development in its efforts to strengthen Europe’s energy market infrastructure and expand its derivatives offering.

The new market became fully operational on 16 March 2026 following the seamless migration of all open interest from Nasdaq Clearing to Euronext Clearing. A total of 173 terawatt-hours of open interest was transferred, with 86 market participants now connected and 16 clearing members supporting trading activity on the platform.

This launch represents a key milestone within Euronext’s Innovate for Growth 2027 strategic plan, reflecting the company’s broader ambition to enhance its integrated European market model and reinforce its position in energy derivatives. By combining its trading and clearing infrastructure with Nord Pool’s established benchmarks and expertise, Euronext has created a unified marketplace for Nordic and Baltic power futures.

The new platform allows participants to trade all Nordic and Baltic power futures contracts via Optiq®, Euronext’s trading system, while clearing is handled through Euronext Clearing. The offering includes cash-settled futures based on the Nordic system price as well as regional Electricity Price Area Differential contracts, supported by Nord Pool’s transparent and reliable pricing mechanisms.

Developed in collaboration with market participants, the platform is designed to provide efficient tools for managing electricity price volatility while enhancing market resilience. Dedicated liquidity-provider initiatives are intended to support trading activity and deepen liquidity, while the use of Euronext Clearing’s Value-at-Risk model improves capital efficiency for market participants.

The launch comes at a time when Europe is placing increasing emphasis on strengthening energy independence and ensuring reliable price discovery mechanisms. By providing a robust and integrated trading environment, Euronext Nord Pool Power Futures contributes to more effective risk management and supports the functioning of cross-border energy markets.

The initiative also builds on Euronext’s long-term commitment to the Nordic region, following its acquisitions of Euronext Oslo Børs, Euronext Securities Oslo, Euronext Securities Copenhagen, Nord Pool, and Admincontrol. The integration of these assets has enabled the development of a comprehensive market infrastructure that connects physical electricity markets with financial derivatives trading.

Nord Pool, established in 1996 as the world’s first multinational power exchange, continues to play a central role in the ecosystem by providing benchmark pricing and supporting efficient cross-border electricity trading. Its contribution ensures that the new futures market is anchored in transparent and consistent price formation.

Through the creation of Euronext Nord Pool Power Futures, Euronext has established a capital-efficient and resilient marketplace that enables participants to access both physical and financial energy markets within a single framework. The platform is expected to support long-term market growth, improve integration across European energy markets, and strengthen Europe’s ability to manage price risk in an increasingly complex and volatile energy landscape.

About Nord Pool

Nord Pool is the world’s first multinational power exchange and a leading European electricity market operator. Established in 1996 following the creation of the first cross-border power market between Norway and Sweden, Nord Pool has played a pioneering role in the development of competitive and transparent electricity markets in Europe.

Nord Pool comprises a commercial power exchange function, Nord Pool, and a Market Coupling Operator function, Nord Pool European Market Coupling Operator. The company supports efficient price formation and cross-border electricity trading, contributing to the integration of renewable energy and the development of the European energy market.

Euronext Nord Pool Power Futures enables trading of cash-settled futures for all standard maturities, based on the Nordic System Price and regional Electricity Price Area Differential (EPAD) contracts across the Nordic and Baltic markets. Nord Pool provides the underlying system and spot prices, ensuring transparent, reliable, and consistent benchmark pricing.

About Euronext
Euronext is the leading European capital market infrastructure, covering the entire capital markets value chain, from listing, trading, clearing, settlement and custody, to solutions for issuers and investors. Euronext runs MTS, one of Europe’s leading electronic fixed income trading markets, and Nord Pool, the European power market. Euronext also provides clearing and settlement services through Euronext Clearing and its Euronext Securities CSDs in Denmark, Italy, Norway and Portugal. In November 2025, Euronext acquired a majority stake in the Athens Stock Exchange (ATHEX), reinforcing its pan-European footprint and further extending its fully integrated market infrastructure with the addition of an exchange, a CSD and a clearing house.

As of February 2026, Euronext’s regulated exchanges in Belgium, France, Greece, Ireland, Italy, the Netherlands, Norway and Portugal host over 1,800 listed issuers with €7 trillion in market capitalisation, a strong blue-chip franchise and the largest global centre for debt and fund listings. With a diverse domestic and international client base, Euronext handles 29% of European lit equity trading. Its products include equities, FX, ETFs, bonds, derivatives, commodities and indices.

For the latest news and resources, please visit the Media Centre.
Follow us on X (x.com/euronext) and LinkedIn (linkedin.com/company/euronext).

Disclaimer
This press release is for information purposes only and is not a recommendation to engage in investment activities. This press release is provided “as is” without representation or warranty of any kind. While all reasonable care has been taken to ensure the accuracy of the content, Euronext does not guarantee its accuracy or completeness. Euronext will not be held liable for any loss or damages of any nature ensuing from using, trusting or acting on information provided. No information set out or referred to in this publication may be regarded as creating any right or obligation. The creation of rights and obligations in respect of financial products that are traded on the exchanges operated by Euronext’s subsidiaries shall depend solely on the applicable rules of the market operator. All proprietary rights and interest in or connected with this publication shall vest in Euronext.

This press release speaks only as of this date. Euronext refers to Euronext N.V. and its affiliates. Information regarding trademarks and intellectual property rights of Euronext is located at www.euronext.com/terms-use.

Media Contacts:

ANALYSTS & INVESTORS – ir@euronext.com

MEDIA – mediateam@euronext.com

SOURCE: Euronext