All posts by Jay Biondo, Head of Surveillance

In early 2026, Euronext will launch the Nord Pool Power Futures market on its Optiq trading platform, following the migration of Nasdaq’s Nordic power futures business. The move marks a significant step in the evolution of Europe’s power markets, creating new trading opportunities while raising important questions about connectivity, workflow readiness and trade surveillance. With go-live on the horizon, now is the time for firms to ensure their systems and controls are in place.

In this blog post, I outline what firms can do to prepare for the migration, both in terms of connectivity and trade surveillance, and how TT can help them take advantage of the emerging opportunities in European power trading. 

For years, spoofing has dominated headlines as the quintessential market manipulation tactic. But recent, high-profile regulatory actions from two major global watchdogs, the Australian Securities and Investments Commission (ASIC) and the Securities and Exchange Board of India (SEBI), signal a powerful shift. The focus is expanding, and an old form of manipulation is making a dramatic comeback: marking the close.

What are the top five challenges for compliance teams in today’s rapidly evolving regulatory environment? We posed this question to a cross-section of industry experts from the trading and legal communities at a recent panel discussion co-hosted with Foley & Lardner, who provide legal counsel on global regulations for securities, derivatives and other financial products. Ahead of XLoD Global – New York, we’re sharing some of the big themes from the panel and how TT’s trade surveillance software can support trading firms in their compliance operations. 

One of the most significant developments in trade surveillance over the past decade has been the growing demand for consolidated, multi-asset capabilities. 

Historically, many surveillance systems were limited to specific asset classes, such as equities or futures. However, as firms across the market have increased the complexity and scope of their trading operations, the need for comprehensive, cross-asset surveillance has grown.