Gas derivatives: General administrative act on the imposition of position limits

BaFin has published a general administrative act on the adjustment of position limits for THE natural gas future contracts of European Energy Exchange AG (EEX), which will take effect from 26 June 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. Open interest in THE natural gas futures averages at least 279,235,000 MWh, which is significantly above the required threshold.

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