Learning Platform - "Trade Compliance & Surveillance"

Course: Physical Withholding

About the online training programme

Physical withholding concerns a manipulative scheme, which is not so much applied in equity or bond markets, but, instead, in the commodity commodities. Professionals with market access need to know about the ins and out so that one can prevent this kind of abusive behaviour. Professionals with a market monitoring or surveillance function have to be able to detect abusive behaviours.

Course contents

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

1. Introduction
2. What can be withheld?
3. Emerging science
4. The California electricity crisis
5. The Iberdrola case
6. Intentionally booking sufficient capacity
7. Unintentionally withholding demand
8. Cross-zonal electricity transmission capacity hoarding – Introduction
9. Cross-zonal electricity transmission capacity hoarding – Implicit & explicit capacity allocation
10. Cross-zonal electricity transmission capacity hoarding – Two aspects
11. Cross-zonal electricity transmission capacity hoarding – Example with implicit allocation
12. Cross-zonal electricity transmission capacity hoarding – Example with explicit allocation