The Danish Energy Regulatory Authority (DERA) has today announced that they have surrendered two cases of possible electricity capacity hoarding on the Elbas market to the Danish police. The announcement…
ACER has today issued a guidance note on Capacity Hoarding, which can be found here. This follows the publication of a paper last year on wash trades (see here). Summary…
This blog has covered the many streams of regulatory reporting to which market participants have become subject to over the past years. The burden is also high for trading venues,…
The focus on algorithmic trading with regards to anti abuse measures continues. Last week, Nasdaq published this article entitled "Best Practices in Algorithmic Trading Compliance". It summarises the measures outlined…
ACER has recently updated the REMIT portal with new versions of several documents, including: ACER REMIT Information System Data Validation Document - Describes in detail the validation rules that apply…
ACER has issued the latest "REMIT Quarterly", covering Q4 2017, which can be found here. It covers a few interesting recent aspects of REMIT: 21 new cases were opened in…
The UK's Financial Conduct Authority (FCA) yesterday issued this report on "Algorithmic Trading Compliance in Wholesale markets. It reviews the requirements of MiFID II, MAR and local legislation for those…
There has been more activity this week on the anti abuse side of things, following Monday's post here on recent fines. Ofgem, the National Regulatory Authority for the GB energy…
There has been an increased focus on anti abuse activity in the energy and commodities markets over the past year, due to a combination of the start of MAR in…
The 2018 working year starts today for most, which provides a good opportunity to consider the months ahead. Start of year The end of 2017 has been unsurprisingly busy, with…