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STOCKHOLM, Oct 9: The Stockholm prosecutor said on Tuesday he had opened a preliminary probe into possible insider trading at stock market operator OMX that may have occurred ahead of an announcement last month of OMX’s potential acquisition by Nasdaq and Borse Dubai.
“There were big volumes (traded) and significant price movements,” prosecutor Robert Engstedt told the Swedish news agency TT, referring to trading that took place on September 18 and 19.
Shares in OMX rose sharply on September 18 before falling 7.0pc the following day, leading to their suspension on the 19th.—AFP
