Nordic Electricity Product Migration from Nasdaq (OM) to Euronext (EURO NL)

Overview

In mid-March 2026, Nasdaq's Nordic Electricity Futures will be migrated over to Euronext. These products currently appear on the OM exchange in Docs, but will be migrated over to the EURO NL exchange. Euronext provided a list of 41 products included in the migration, which will entail an update to the exchange name, Segment MIC, as well as updated product clearing codes. The Docs Product Group (EnElecBs-EUR) and currency (EUR) will remain the same. 

To accommodate these changes, FIA Tech will be updating all electronic rate schedules that (1) currently contain any of these these 41 products; and (2) are attached to either non-Terminated GUAs or in rate schedule libraries. This update is set to take place in Docs by EOD on March 13, 2026. 

*NOTE: No Action is required from firms.

Rate Schedule Updates by FIA Tech

FIA Tech will be listing the new EURO NL (Euronext) products separately from the Nasdaq (OM) products, and changes will be made on rate schedules only on agreements where the “New” products do NOT already exist. Changes include:

1. If any Nasdaq (OM) product exists on a current rate schedule, a new rate line for the new Euronext (EURO NL) product will be added with all the same rate information as on the Nasdaq (OM) rate line.
2. If rates for the Nasdaq (OM) EnElecBs-EUR Product Group exist on a rate schedule, a rate line for the new Euronext (EURO NL) EnElecBs-EUR Product Group will be added to the rate schedule at the same rate as the old Nasdaq product group.
3. If a rate for Nasdaq (OM) All exists on the rate schedule, a rate line for the new Euronext (EURO NL) EnElecBs-EUR Product Group will be added to the rate schedule at the same rate as the Nasdaq All.
4. In all cases, if the rate line to be added already exists on the rate schedule, it will be skipped to ensure no duplicate rate lines are added.

These updates will be made to:

• All GUAs In the Composition, Execution, Executed, Stale, Pending Initiation, and Initiation Rejected states
• All FCR documents that are not in Archived or Deleted states
• All schedules in rate schedule libraries (FCR and GUA)

Additional Details

More detail may be found in the attached Euronext documentation PDF, and a full listing of the one to one conversion in Docs may be found in the attached Excel spreadsheet.