ECB warns fragmented energy markets risk fuelling derivatives volatility

18th May, 2026

Zak Jakubowski

The European Central Bank (ECB) has warned that Europe’s dependence on imported fossil fuels and fragmented energy infrastructure risk amplifying volatility across regional gas and power markets, increasing pressure on benchmark pricing and derivatives hedging activity.

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ABN AMRO
Bank of America
CBOE
Citi
Goldman Sachs
DRW Holdings
HSBC
J.P Morgan
Marex
Morgan Stanley
SGX
SocGen
Susquehanna
MUFG Investor Services
TP ICAP

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