Euronext acknowledges Nasdaq’s decision to close down its current Seafood commodities clearing service in April 2024. Open positions at the time of termination will be maintained by Nasdaq until expiration (the longest dated contract being December 2024). Nasdaq and Fish Pool assess the possibility to offer close out transactions to net out open interest between April 7th 2024 until the last contract expires December 2024. Here is a link to the Nasdaq statement.
Euronext intends to introduce a new EUR-denominated Fish Pool contract, cleared by Euronext Clearing. Euronext is considering the possibility to introduce the contract as soon as summer 2024 and is starting to engage with market participants. Following this integration, members will benefit from Euronext’s enhanced distribution and liquidity, and a more streamlined and efficient trading experience. This contract will be cleared by Euronext Clearing, our pan-European multi-asset-class clearing house.
Euronext is the leading pan-European market infrastructure, connecting European economies to global capital markets, to accelerate innovation and sustainable growth. It operates regulated exchanges in Belgium, France, Ireland, Italy, the Netherlands, Norway and Portugal. With more than 1,900 listed issuers and around €6.2 trillion in market capitalisation as of end September 2023, it has an unmatched blue-chip franchise and a strong diverse domestic and international client base. Euronext operates regulated and transparent equity and derivatives markets, one of Europe’s leading electronic fixed income trading markets and is the largest centre for debt and funds listings in the world. Its total product offering includes Equities, FX, Exchange Traded Funds, Warrants & Certificates, Bonds, Derivatives, Commodities and Indices. The Group provides a multi-asset clearing house through Euronext Clearing, and custody and settlement services through Euronext Securities central securities depositories in Denmark, Italy, Norway and Portugal. Euronext also leverages its expertise in running markets by providing technology and managed services to third parties. In addition to its main regulated market, it also operates a number of junior markets, simplifying access to listing for SMEs. For the latest news, go to euronext.com or follow us on Twitter (twitter.com/euronext) and LinkedIn (linkedin.com/euronext).