“When nickel prices spiked 250% in two days earlier this month, several brokers on the LME were brought to the brink of failure before the exchange intervened… The bourse has said the spike posed a systemic risk to its market.”
LME SAYS SECOND RING SESSION ON MARCH 24 IN NICKEL WILL BE DEEMED A DISRUPTED SESSION AND ALL AGREED TRADES DURING THIS SESSION WILL BE NULL AND VOID @FirstSquawk
Hedge funds line up lawsuits against London Metal Exchange, which is owned by Hong Kong Stock Exchange, for rigging the game to help a Chinese firm that was shorting nickel.
🤡for the third day in a row LME cancels the trading session post-fact… billions of dollars were traded but we are going to pretend it did not happen… pic.twitter.com/B8BTuKbhOz
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