The UK’s regulators said they would probe the London Metal Exchange’s 8 March suspension of nickel trading, a decision the exchange took after a disorderly market arose, which raised questions about the LME’s transparency.
A squeeze on one fund’s massive short of nickel triggered the price to more than double on 8 March. The LME then halted trading and pushed back the clock a day, wiping trades that would have been lucrative for some.
“Events...
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