Some see Esma reining in position limits after review

The scope of position limits could shrink to cover just the major benchmarks, one executive argues

A review of position limits for commodity derivatives being carried out by the European Securities and Markets Authority could result in a major rollback of the regime, one industry executive says.

In a call for evidence paper published on May 24, Esma asked commodity market participants whether they see benefits “in limiting the application of position limits to a more limited set of commodity derivatives”.

Some in the industry see that as an opening to narrow the scope of the rules, which