EnergyWatch

Nasdaq Commodities insulates energy market further after trading scandal

Nordic Nasdaq Commodities is establishing a new safeguard against energy market bankruptcies. This follows after a Norwegian energy trader sent the market into shock after losing around NOK 1 billion speculating in financial contracts.

Photo: /Ritzau Scanpix/AP/Richard Drew

Nordic Nasdaq Commodities has decided to establish a new, temporary fund to be used for covering the losses of bankrupted energy traders.

This happens no more than 24 hours after Norwegian tycoon Einar Aas' personal bankruptcy caused by a failed speculation on energy futures on the exchange.

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