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.

by MATHIAS ØRSBORG JOHANSEN

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

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Dramatic energy market collapse hits Danish traders
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Statkraft to pay EUR 5 million to Nasdaq fund
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Ørsted pays EUR 2 million to cover depleted collateral fund following Norwegian energy trader's failed gamble
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