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MiFID II: the impact on commodity markets from a venue perspective

Abstract:
Commodity derivative markets have been a cornerstone of modern financial services since the Big Bang in 1986. The ability of end-users to hedge their commodity exposures and anticipate price movements has ultimately had a stabilizing effect on end-user prices and, together with deepening liquidity in these markets, has led to tighter bid–offer spreads, again leading to reduced costs for the end-users. This link between end-users and financial trading is perhaps unique in financial markets. It means that changes to the trading landscape can have direct consequences on the price at the pump, or on the household energy bill at the end of the month.
Publication status:
Published
Peer review status:
Peer reviewed

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Publisher:
Oxford Institute for Energy Studies
Journal:
Oxford Energy Forum More from this journal
Issue:
103
Pages:
16-20
Publication date:
2015-12-01
ISSN:
0959-7727


Keywords:
UUID:
uuid:da1446c1-d371-4047-8853-d74090a641fd
Deposit date:
2016-01-12
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