Q&A · ESMA
Q&A on lot sizes and position limits
Answered
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Because gas derivative lot sizes differ between market areas (for example a monthly TTF lot is 720 MWh but a PEG or PVB lot only 30 MWh), ESMA sets a consistent way to calculate open interest in lots for the 300,000-lot position limit threshold in Article 57(1) MiFID II, so that small-lot contracts are not caught merely by convention.
Details
| Reference | ESMA_QA_2304 |
|---|---|
| Issuer | ESMA |
| Published | 11 Oct 2024 |
| Answered | 11 Oct 2024 |
| Submitted | 11 Oct 2024 |
| ESMA topics | Position limits |
Provisions it relates to
- Article 57 MiFID II · Position limits in commodity derivatives and position management controls in commodity derivatives and derivatives of emission allowancesESMA rulebook
- MiFID II (whole act)Explicit reference