Today news
About the same in other media
LME boss defends cancelling nickel trades to stop ‘multiple defaults’
Reading now: 669
Metal traders would have been hit with "multiple defaults" had the London Metal Exchange not cancelled trades on 8 March, the exchange's chief executive Matthew Chamberlain said.
“If we called margins at those levels, that would have been a margin call unprecedented in the history of the LME,” he told a Futures Industry Association event on 7 June. “We had very significant concerns about the ability of market participants to meet those margins. And therefore, concerns of multiple defaults.”
The...
Read more on fnlondon.comAbout this in other media
Nikhil Kamath explains why he steers clear of cryptos economictimes.indiatimes.com /1 year ago
AJ Bell boss Andy Bell to step down in October fnlondon.com /1 year ago
Dickson Minto founders step back as secretive private equity law firm eyes succession fnlondon.com /1 year ago
Show more
The website fvbb.com is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
![Analyzing why TRON [TRX] is a better bet than Dogecoin [DOGE]](https://fvbb.com/storage/thumbs_400/img/2022/7/7/31885_cbj.jpg)
![This is how Bored Apes Yacht Club [BAYC] is back from the burrows](https://fvbb.com/storage/thumbs_400/img/2022/7/6/31882_p1rbh.jpg)
