Criticism pours down on Nordic energy market
Nasdaq Commodities' huge loss due to a single trader's failed bet has weakened confidence in financial energy trading and created uncertainty on the market, says CEO of interest group Energi Norge.
by OLE ANDERSEN
Criticism of the Nordic energy and commodities exchange Nasdaq Oslo is snowballing and getting bigger each day following huge losses incurred by trader Einar Aas. Aas depleted the exchange's collateral fund, which other market players such as energy companies have been obliged to cover.
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