Ice’s threat to move gas futures trading deemed credible
Experts warn Ice’s track record adds weight to its warning the products could move out of the EU due to the price cap
Market participants warn that the Ice exchange’s threat to relocate gas futures trading out of the European Union, in response to the price-cap measures agreed on December 19, is not a bluff, while some politicians believe the result may be “terrible” for the bloc’s energy market.
In response to the announcement from European energy ministers that they had reached a consensus on the European Commission’s (EC) proposed temporary market correction mechanism, also referred to as a price cap, a
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