UK regulators to review LME halt to chaotic trading


Traders work on the floor of the LME in London. — Reuters

LONDON: British financial regulators said on Monday that they would review the way the London Metal Exchange (LME) handled a halt in chaotic nickel trading last month and said the episode underlined questions about the LME's transparency.

The exchange, the world's oldest and largest market for industrial metals, suspended nickel trading on March 8 after prices spiked by more than 50% in a matter of hours to hit $100,000 a tonne.

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LME , nickel , FCA , Bank of England

   

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