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BMO Move Bashes Optionable

Stock quotes in this article: BMO , OPBL , NMX  

BMO Financial (BMO Quote) has suspended its relationship with Optionable (OPBL Quote).

In a statement on Tuesday, the Canadian bank said it is "suspending all of its business relationships" and "all derivatives trading through that firm, pending the results of a full external review which is ongoing."

The move comes just over a week after the Toronto-based financial institution, also called Bank of Montreal, reported that its commodities trading operation took a hit of about $315 million to $404 million on wrong-way bets on natural gas options. ...

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