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2nd and 3rd Open Anti-Abuse meetings for energy and commodities announced

Following the first Open Anti-Abuse meetings run in March 2019 (see here), the 2nd and 3rd events have been announced for November 2019 in Amsterdam and March 2020 in London. ETR Advisory and the Market Abuse Centre jointly organise the events for the energy and commodities industries.  They are open to all professionals in the European energy … Continue reading

Conclusions from ACER’s “EMIT” forum and a WhatsApp deletion issue

ACER’s “EMIT” forum, held last week in Ljubljana, covered a spectrum of matters related to REMIT’s implementation. The topics included: Inside information (including the currently open consultation which can be found here). Questions of market manipulation  – enforcements and investigations. Data collection. Cooperation between regulatory bodies. The issue of budget and the likely future ability … Continue reading

£2.1m fine in GB under REMIT for spoofing

Ofgem, the National Regulatory Authority for Great Britain, announced today the Engie Global Markets(EGM) has been fined £2.1 million. The press release can be found here, and a fuller announcement here. The fine relates to activity carried out in NBP (National Balancing Point) gas contracts, and took place between June and August 2016. The investigation … Continue reading

More developments on wheat futures manipulation case, and more cases

There have been further developments in the case regarding market manipulation in wheat futures in the US (see here). This article on the CNBC web site reports that one of the defendants is suing the CFTC for publishing the press release. This article on food business news reports that the chair and two commissioners of … Continue reading