Trading

Regulator criticises Nasdaq over power trader’s €114m default

Norwegian market watchdog orders exchange to present corrective measures by March 1

The Norwegian financial regulator has criticised Nasdaq over its handling of a€114m default that rocked the Nordic commodities markets last year.

The Financial Supervisory Authority of Norway made its criticisms in a report conducted in the wake of trader Einar Aas's default last September and said Nasdaq must implement corrective measures by March 1.

WSJ Logo
Ray Dalio Sells Last Stake in Bridgewater, the Hedge Fund That Made Him a BillionaireExternal link

Ray Dalio Sells Last Stake in Bridgewater, the Hedge Fund That Made Him a Billionaire