OTC share of EU gas derivatives surges to 25%
Energy price cap may supercharge flight from ETDs and affect CCPs’ ability to manage risks, Esma warns
The proportion of European gas derivatives traded over-the-counter boomed by almost three-fourths over the past 12 months – a shift that could be exacerbated by the European Union’s introduction of a price cap during bouts of volatility, a European Securities and Markets Authority (Esma) report suggests.
At €102 billion ($111 billion), the notional amounts of futures and options traded
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