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AQR to review LME ties as exchange sees funds’ nickel positions plunge 30%
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In one of the most shocking events in London trading circles, last month's massive short squeeze on nickel led the London Metal Exchange to make the controversial call to tear up some $4bn in trades.
The move wiped an an estimated $1.3bn in returns for those holding long nickel positions, and may have helped stem the losses of those who were short, leading some traders to say they may ditch the LME for good.
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