The European Union’s temporary gas price cap could result in a reduction of market liquidity, yet significant effects on trading activity couldn’t be identified so far, according to conclusions from the bloc’s financial market regulator seen by Bloomberg. The European Securities and Markets Authority will say on Monday that while effects of the cap — due to start from Feb. 15 — can’t be enumerated, that doesn’t mean that there won’t be any. It’s likely trading could move off-market when the cap is put in place, they added. “It is entirely possible that some of the potential effects in the trading and clearing ... (full story)