The London Metal Exchange needs to overhaul how it oversees live trading to prevent another market collapse after it was forced cancel $4bn in nickel trades, a report into the fiasco says.
The exchange needs to improve its risk and control functions and upgrade its volatility controls, according to consultants Oliver Wyman, who were commissioned by the LME to review what caused the March 2022 crisis in the nickel market.
The...
Read more on fnlondon.com