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European Union Electricity Market Glossary


MIFID II does not provide a definition of speculative activity.


MiFID II further does not distinguish between the activities of persons that are not non-financial entities that may be judged to be speculative and their activities that provide liquidity to the market for the benefit of end-users (see ESMA's Consultation Paper, MiFID II/MiFIR of 19 December 2014 (ESMA/2014/1570 p. 534).



Last Updated on Friday, 05 February 2016 13:31


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