EU Watchdog Proposes A Suspension Of Energy Derivatives Trading ...Middle East

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EU Watchdog Proposes A Suspension Of Energy Derivatives Trading
source : OILPRICE ( Middle East ) () 19
The temporary suspension of trading in energy derivatives could help return EU energy markets to balance, the EU’s financial markets regulator has proposed. The suspension would only apply when prices reach a certain level, the European Securities and Markets Authority, or ESMA, explained, noting that the number of such temporary suspensions in the past few weeks has been very low despite already existing circuit breaker mechanisms in use. “We would envisage these mechanisms to trigger halts for a limited period of time only and in…

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