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Energy players quit Nasdaq for better deals with brokers, banks

They say new rules imposed to avoid another financial crisis make trading too expensive and cumbersome

Once a model for how wholesale electricity was bought and sold in Europe, Nasdaq Commodities has lost at least 16 Nordic companies, including nine utilities and factories, since 2014.


SINCE the 1990s, Norwegian metals refiner Elkem AS routinely tapped the world's oldest power exchange in search of the best deals on the electricity supplies it needed to run five plants that make materials for everything from iPhones to body armour to solar panels. Not any more...

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