NDAQ - The European Energy Exchange to acquire Nasdaq European power trading clearing business
2023-06-20 07:07:59 ET
- The European Energy Exchange (EEX) to acquire Nasdaq’s ( NASDAQ: NDAQ ) European power trading and clearing business, subject to receipt of customary regulatory approvals, for an undisclosed sum.
- The move will involve the transfer of existing open positions in Nasdaq’s Nordic, French, and German power futures as well as European carbon emission allowance futures to EEX’s clearing house European Commodity Clearing.
- Per the terms, EEX will update the current Nordic power market structure, replacing Electricity Price Area Differential contracts with zonal futures contracts.
- Nasdaq will continue to operate its European power trading and clearing business as usual, until the receipt of regulatory approvals.
For further details see:
The European Energy Exchange to acquire Nasdaq European power trading, clearing business