Northpool brings more than a decade of expertise in short-term power and gas markets, complementing Optiver's technology, quantitative capabilities and risk management experience. Together, the companies see opportunities to develop their capabilities and support more effective risk transfer and price discovery in European energy markets.
Northpool will continue operating under its existing name, with Roald Noort remaining CEO.
Alex Fisher, Currencies & Commodities Lead at Optiver, said:
“"Completing the acquisition brings us closer to our longer-term ambition of building a leading energy trading business. Our immediate priority is to get to know Northpool's business in greater depth and identify where our respective strengths can have the greatest impact. We see considerable opportunities to invest, develop capabilities and grow together over time."”
Roald Noort, CEO of Northpool, said:
“"Over the past decade, we've built a strong business with deep expertise in European energy markets. Partnering with Optiver gives us the opportunity to build on that foundation, drawing on their technology and quantitative capabilities alongside our market knowledge. We're excited about what we can achieve together while staying true to the culture and approach that have made Northpool successful."”
About Optiver
Optiver is a global market maker founded in Amsterdam, with offices in London, Chicago, Austin, New York, Sydney, Shanghai, Hong Kong, Singapore, Taipei and Mumbai.
Established in 1986, today we are a leading liquidity provider, with over 2,000 employees in offices around the world, united in our commitment to improve the market through competitive pricing, execution and risk management. By providing liquidity on multiple exchanges across the world in various financial instruments we participate in the safeguarding of healthy and efficient markets. We provide liquidity to financial markets using our own capital, at our own risk, trading a wide range of products: listed derivatives, cash equities, ETFs, bonds and foreign currencies.
About Northpool
Northpool is a proprietary energy trading firm headquartered in Leiden, the Netherlands, with an additional office in Vancouver, Canada. Founded in 2012, Northpool specialises in European power and gas markets and has built a strong reputation through its expertise in energy trading, forecasting and optimisation. Combining deep market knowledge with advanced modelling and in-house technology, Northpool trades across increasingly complex energy markets and is committed to innovation, collaboration and excellence in everything it does.
