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UK watchdog says LME ‘needs to learn lessons’ after nickel chaos leads exchange to wipe $4bn in trades
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The nickel fiasco at the London Metal Exchange offers lessons for the exchange and the market, said a senior official at the City's watchdog, the Financial Conduct Authority.
“The London Metal Exchange and the rest of the market need to learn lessons from episodes such as this, it’s important they do so,” FCA head of markets policy Edwin Schooling Latter said on a 24 March panel discussion at a FIX Trading Community conference.
An FCA...
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