An unnamed member of the Nordic electricity exchange on Nasdaq violated the limits of their position on a German electricity contract in May, reports news media Montel.

"The member in question was not Einar Aas, but another exchange member," Georg Aasen of Nasdaq to Montel, referring to the Norwegian energy trader, who with personal losses racking up to billions of Norwegian kroner also out traded 68 percent of the capital in the exchange's security fund recently, unleashing a heated debate about how much a single player can make up the exchange's revenue.