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Nasdaq replenishes default fund after taking €107m hit

Nasdaq Clearing said early on Monday that it had replenished 90% of its member default fund, adding it had “no indication” that a member would shirk on its commitments. The deadline for replenishment is on Monday.

  • By Costas Mourselas
  • 17 Sep 2018
The news comes after a lone trader, Einar Aas, blew a €107m hole in the €166m default fund, after a disastrous bet on the spreads between German and Nordic power markets. Nasdaq Clearing sustained a €7m hit to ...

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