ESMA finds natural gas futures markets functioned appropriately during the August 2022 price surge
ESMA finds natural gas futures markets functioned appropriately during the August 2022 price surge
- ESMA finds natural gas futures markets functioned appropriately during the August 2022 price surge
The European Securities and Markets Authority (ESMA), the EU’s financial markets regulator and supervisor, today publishes a study on the record surge in prices in European natural gas futures markets in August 2022. - Natural gas derivative markets came into the spotlight with the Russian invasion of Ukraine, which drove uncertainty and later led to falls in Russian supplies.
- Despite the record prices during August 2022, the findings presented in the study do not show correspondingly high illiquidity.
- Taken together, these elements suggest that markets continued to function appropriately during the August 2022 market events.