Erscheinung:19.12.2024 | Topic OTC derivatives Gas derivatives: General administrative act on the imposition of position limits
The Federal Financial Supervisory Authority (BaFin) intends to impose position limits on THE (Trading Hub Europe) natural gas futures contracts on the European Energy Exchange (EEX). This is due to a significantly high open interest. The general administrative act is expected to apply from 10 March 2025.
BaFin will accept comments from market participants until 10 January 2025.
BaFin is required to set position limits for each significant commodity derivative offered on a German trading venue. A commodity derivative is considered significant if its open interest, i.e. the sum of all outstanding net positions, corresponds to at least 300,000 lots on average over a one-year period.
