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Hedge fund titan Clifford Asness leads trader fury after LME cancels $4bn in nickel trades
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Hedge fund titan Clifford Asness joined traders in slamming the London Metal Exchange after the platform cancelled trades – a move that may have helped stem losses at a fund that was short the metal.
Nickel traders were blindsided this week as the wild ride in the metal saw prices more than double in overnight trading – prompting the London Metal Exchange to cancel orders and halt trading.
Nickel...
Read more on fnlondon.comAbout this in other media
Metals guru on the ‘apoplectic rage’ of nickel traders over LME debacle fnlondon.com /2 years ago
UK watchdog says LME ‘needs to learn lessons’ after nickel chaos leads exchange to wipe $4bn in trades fnlondon.com /2 years ago
Metals guru on the ‘apoplectic rage’ of nickel traders over LME debacle fnlondon.com /2 years ago
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