Investigation begins on possible OMX information leak to traders

12 Oct 2007

Sweden’s Economic Crime Bureau has initiated a probe into a possible leak of information prior to the announcement of a joint bid from suitors Nasdaq and Borse Duabi.

Speaking to FO Week, the Bureau’s prosecutor, Robert Engstedt, outlined the procedure. “I can confirm that we have started an investigation,” Engstedt said. He revealed that the probe will centre on the suspicious trading over two...

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“One of our key predictions for 2011 was that geopolitical tensions will simmer more vigorously this year, particularly in the context of a market in which incremental non-Opec volumes are becoming more difficult to bring on stream and in which Opec spare capacity gets more noticeably stretched.”

BarCap's 2011 oil outlook looks increasingly accurate.