Mifid trading rules cast a shadow over position limits

Contracts caught will depend on trading obligation rules that are still unclear


The European Securities and Markets Authority (Esma) is promising to clarify definitions that are vital to position limits for commodity derivatives, in the face of concerns voiced by market participants.

“A clarification from Esma – if forthcoming – would be pertinent,” says a partner at a large law firm in London. “However, what we have found with Esma is that sometimes even their clarifications don’t make things terribly clear.”

Speaking at an industry conference on March 2, Rodrigo

To continue reading...

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: