Events listed in Market Correction Mechanism Regulation (MCM Regulation)
ESMA finds high degree of concentration in natural gas derivatives markets
ID 23230
ESMA has released a study on the structure and functioning of EU natural gas derivatives markets, highlighting potential risks to financial stability. The study found that the annual turnover of natural gas derivatives on EU futures exchanges reached EUR 4,150bn in 2022, and open positions of EU counterparties amounted to around EUR 500bn at the end of 2022. The market is characterized by a ...