Following the binding agreement to acquire Nasdaq’s Nordic Power Futures business, Euronext confirms that the transfer of open interest from Nasdaq Clearing to Euronext Clearing is scheduled to take place over the weekend of 14 March 2026.
This migration will follow the technical launch of the Euronext Nord Pool Power Futures market, which will benefit from Euronext Clearing’s proven risk model and comprehensive clearing services.
Clearing Members Readiness
The onboarding documentation for Clearing Members is accessible on Connect.
The External User Acceptance (EUA) environment has been available to support testing of the Euronext Nord Pool Power Futures Market since 17 March 2025.
Migration rehearsals
The successful completion of at least one migration rehearsal is mandatory for all Clearing Members with open interest to be migrated. This must be conducted in close coordination with their respective Trading Members. The rehearsal is a critical step to simulate the migration of positions under conditions identical to the actual migration weekend, thereby validating the robustness of procedures and controls. To participate meaningfully, clients must be fully set up in the Production environment prior to the start of the migration rehearsal window.
Migration milestones
| Date | Description |
| 29 November 2025 | Migration rehearsal (Window 1) |
| 24 January 2026 | Migration rehearsal (Window 2) |
| 14 February 2026 | Migration rehearsal contingency date |
| 14 March 2026 | Migration of open interest |
| 18 April 2026 | Migration contingency date |
The migration of open interest from Nasdaq to Euronext Clearing and the wind-down of Nasdaq’s Nordic Power Futures trading and clearing services, are both contingent on the completion of the transaction between Euronext and Nasdaq. The remaining regulatory approval for Euronext Clearing is expected by the end of June 2025.
For further information, contact the Euronext Clearing Sales team at
CCP-sales@euronext.com