Key speakers included Luciano Pozzi from ACER, along with Emiel Maes and Tuva Lofgren from Nord Pool, who presented on market developments, algorithmic trading, and the REMIT implications of erroneous orders.
The presentations were followed by a thought-provoking discussion. Participants raised questions about the distinction between manual and algorithmic wash trades, called for enhanced regulatory guidance in light of recent legislative changes, drawing parallels to financial market practices, and addressed the challenges posed by differing balancing requirements across countries within an integrated European market.
Further reflections focused on the potential impact of the upcoming 15-minute market time unit on the frequency of erroneous orders and the future role of advanced tools in trade surveillance.
The seminar underscored the continued need for dialogue, harmonization, and regulatory clarity in a rapidly evolving market landscape.