Euronext acknowledges Nasdaq’s decision to exit its current Seafood commodities clearing service. It will be business as usual until the end of December 2024 or until all contracts for 2024 have been finally settled. All trade members may trade Fish Pool contracts in NOK settled with Nasdaq Clearing as always for the 2024 contracts. There will however not be any 2025 contracts listed for trading and clearing in NOK. Nasdaq Clearing will thus close down its seafood clearing when the Dec-24 contract has been finally settled.
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.
About Euronext
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).
