Difference between revisions of "Einar Aas"

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Revision as of 08:10, 11 January 2019

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Einar Aas
Occupation Trader
Location Norway

Einar Aas was a power market trader, based in Grimstad, Norway. His failed trades on Nasdaq Nordic power exchange in September 2018 almost burned through the exchange's clearinghouse default fund and required clearing member firms to plug in $113 million to cover the losses.[1][2]

Background

He began his trading at Interkraft Trading and later started his own trading firm starting in 2005. He reportedly amassed more than $420 million in income from 2002 to 2018, and was Norways highest taxpayer in 2016.

After his disastrous trade, he was banned from Nasdaq Nordic.

Education

Aas graduated from the Norwegian School of Economics.

References

  1. Star Trader Who Blew the Nordic Fuse Gets to Keep House. Bloomberg.
  2. Who Is Einar Aas? Norway’s Biggest Trader Falls From Grace. MoneyMakers.