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avivhandler

Aviv is the Managing Director of ETR Advisory, a niche consultancy focused on the regulation of the commodity, energy and financial markets. He has more than 23 years of experience in the financial, energy and commodity markets, covering regulatory compliance, credit, risk and financial technology. Prior to founding ETR, he was Partner at SunGard Global Services, where he built a Centre of Excellence in European Energy and Commodity Regulation. Before that, he founded Coherence, a consulting firm specializing in credit risk in commodity and energy trading as well as software product management. The credit practice ultimately became part of Sirius Solutions, where he was the Managing Director of Europe. He has also held management roles at KWI and Iris Financial, among other organizations. Mr. Handler holds a degree in computer science from Imperial College, University of London.
avivhandler has written 1042 posts for Energy Trading Regulation

We’re back – FCA research note into EMIR FC thresholds

We are back after a short break for the summer. Last week, the UK’s Financial Conduct Authority published this research note into the thresholds used in EMIR for Financial Counterparties (FC) for two purposes: The threshold used to determine when smaller FCs need to start mandatory clearing. The threshold used for the start of the … Continue reading

Updated EMIR validations

ESMA has updated the spreadsheet that defines that validations used for EMIR reporting. The updated sheet can be found here. The changes will apply from 5th November. The following fields have been changed: Reporting timestamp  (1.1) Reporting Counterparty ID (1.2) ID of the other counterparty (1.4) (i.e. the other party) Underlying identification (2.8) Confirmation means … Continue reading

Brexit update – articles and papers

There have been a few more articles relating to Brexit, as seem from  the energy and commodity trading world since our last post on the topic (see here). On the financial side, Simon Lovegrove of Norton Rose Fulbright has published this analysis on the temporary permissions regime drafted by the FCA for the eventuality of … Continue reading

Study of “misconduct patterns” and more cases

The FICC Markets Standards Board (FMSB) has issued the results of a “Behavioural Cluster Analysis” on misconduct patterns in the financial markets. The key document  can be found here, with other supporting documents found here.  The study has examined market misconduct cases going back to 1814, with some interesting  findings, which include: The misconduct revolves … Continue reading

Brexit update – the statements and discussions continue

There has been a great deal of activity on the Brexit side of things since our last post (see here). In addition to the ongoing political activity, there have been developments on both the financial and energy regulation streams of activity. In addition, the European Commission published this statement giving their view on how to … Continue reading

Traders indicted in metals futures spoofing case

Two traders formerly of Deutsche Bank have been indicted by a court in the US for “spoofing” in metals futures, according to this article on the Reuters web site. The case relates to orders placed on the CME Comex exchange in gold, silver, platinum and palladium futures. The complaint document from the CFTC can be … Continue reading

More documents from ACER – and transaction reporting FAQ contents

Following the publication of several documents by ACER last week(see here), the latest version of the “REMIT Quarterly has been published, which can be found here. The newsletter focuses on data collection and the efforts around it so far. It also reminds of the forum to be held in Ljubljana at the beginning of September. … Continue reading

REMIT documents: Open letter, transaction reporting FAQ and others

ACER has released several new documents over the past few days, including an updated transaction reporting FAQ document which was released today and can be found here. Yesterday, ACER released this second open letter on data quality. The letter gives many examples of items typically reported incorrectly. In addition, it indicates that those who do … Continue reading

Brexit – The story continues

The activity around Brexit continues, with several important events taking place since our last post here. In particular, last week, the UK Government released their white paper on the proposed position with which to negotiate the withdrawal with the EU, which can be found here. This follows the previously published draft Withdrawal Agreement (see here).  … Continue reading

Large manipulation fine in agricultural trading and more

The spate of anti abuse activity has continued since our last post (see here). The CFTC has settled with Lansing Trade Group LLC for $3.4 million, in a physical-financial manipulation case in agricultural trading. The CFTC press release can be found here and the order here.  This is another example of the use of physical … Continue reading