Learning Platform - "Trade Compliance & Surveillance"

Course: Abusive Schemes

About the online training programme

Under the Regulation on wholesale Energy Market Integrity and Transparency (REMIT), the Agency for the Cooperation of Energy Regulators (ACER) has developed a Guidance. The document, although it is legally non-binding, provides important insights in what is considered abusive, also in the sense of market manipulation. There are various types of market manipulation, being classified in categories of abuse. The abusive behaviours are quite diverse, including physical withholding, a typical activity not applicable to markets where equity or bonds are traded, but physical commodities.

Course contents

This series of courses consists of the following video lessons, as well as an exam:

1. Recital 13
2. Recital 14
3. Guidance – Introduction
4. Guidance – Wash trade
5. Guidance – Improper matched order
6. Guidance – Placing orders with no intention executing them
7. Guidance – Marking the close
8. Guidance – Abusive squeeze
9. Guidance – Cross-market manipulation
10. Guidance – Physical withholding
11. Guidance – Scalping
12. Guidance – Pump & dump
13. Guidance – Circular trading
14. Guidance – Pre-arranged trading
15. Guidance – Spreading false or misleading information
16. Guidance – Other behaviour to spread false or misleading information