# Article 5 — Same commodity derivatives and significant volumes (Article 57(6) of Directive 2014/65/EU) **Commission Delegated Regulation (EU) 2017/591 · superseded — not in force · OJ L 87, 31.3.2017 · dated 1 Dec 2016 [no longer in force]** *No longer in force · Commission Delegated Regulation (EU) 2017/591, OJ L 87, 31.3.2017 · Checked against EUR-Lex on 26 Oct 2026 · [Official source](https://eur-lex.europa.eu/eli/reg_del/2017/591/oj/eng)* 1. A commodity derivative traded on a trading venue shall be considered the same commodity derivative as a commodity derivative traded on another trading venue where the following conditions are met:\ a) both commodity derivatives have identical contractual specifications, terms and conditions, excluding post trade risk management arrangements;\ b) both commodity derivatives form a single fungible pool of open interest or, in the case of commodity derivatives defined under point (c) of Article 4(1)(44) of Directive 2014/65/EU, of securities in issue by which the positions held in a commodity derivative traded on one trading venue may be closed out against the positions held in the commodity derivative traded on the other trading venue.\ 2. A commodity derivative shall be considered to be traded in a significant volume on a trading venue when the trading in the commodity derivative on that trading venue over a consecutive three month period:\ a) exceeds an average daily open interest of 10 000 lots in the spot and other months' combined; or\ b) in the case of commodity derivatives defined under point (c) of Article 4(1)(44) of Directive 2014/65/EU, when the number of units traded multiplied by the price exceeds an average daily amount of 1 million EUR.\ 3. The trading venue where the largest volume of trading in the same commodity derivative takes place shall be the trading venue that over one year has:\ a) the largest average daily open interest; or\ b) in the case of commodity derivatives defined under point (c) of Article 4(1)(44) of Directive 2014/65/EU, the highest average daily amount.