Investigation of energy market collapse underway

Einar Aas' failed gamble on Nordic Nasdaq Commodities is undermining market confidence and the reputation of the Nordic exchange, says a major energy company.

by OLE ANDERSEN

The Nasdaq Commodities exchange in Oslo has begun to freeze assets belonging to Norwegian energy trader Einar Aas, who personally lost around EUR 200 million betting with gigantic positions on energy futures. The exchange's energy trading regulations are now coming under serious criticism.

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