 In 2002, spot market activities were transferred into a newly established company, Nord Pool Spot AS.In 2005, Nord Pool started trading and clearing of EU emission allowances, becoming the first exchange to expand its activities into this area.On 21 December 2007, Nord Pool agreed to sell its two subsidiaries—Nord Pool Clearing, which deals with clearing transactions, and Nord Pool Consulting—to the global exchange operator NASDAQ OMX.