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Fullest accounting to date of incident in March shows clearing house was under severe strain
Exchange’s defence against judicial review says level of margin calls would have bankrupted multiple clearing members
The LME had to suspend trading for a week, while inventory levels hit a 14-year low, adding to swings
Volumes have fallen sharply since a bout of severe market turbulence in March
Appeal by producers and traders concerned by distortion to market pricing fails to sway LME
Matthew Chamberlain defends exchange’s decision to cancel billions of dollars’ worth of trades in March
Users urge exchange to bar Russian commodities from warehouses
London exchange’s move comes a day after restrictions imposed on deliveries from Russia’s Ural Mining
Exchange looks at eliciting views on whether to add material to sanctioned oil and coal
Row marks latest controversy for the 145-year-old exchange
Hedge fund AQR and trading firm DRW Commodities among those seeking more information
By working through imperfect emissions and environmental information the industry is finding solutions
Industrial groups may have to consider imports despite moves to be more self-sufficient
Exchange stepped in to halt a squeeze on a short seller and protect other users from heavy losses
Chamberlain’s reputation rests on outcome of judicial review claims over momentous decision to cancel nickel trades
This episode threatens to undermine the Square Mile’s claim to ensure a level playing field
Managed Funds Association says exchange failed to perform its regulatory functions
Volodymyr Zelenskyy tells FT conference that western sanctions ‘have not really influenced’ Moscow’s position
Lawsuit comes a day after similar action by Elliott against metals exchange over March trade halt
UK regulators are probing trading suspension that took place in March
US hedge fund is claiming $456mn over cancellation of nickel trades on London Metal Exchange
Never let a crisis go to waste
U-turn comes as metals exchange seeks to repair reputation damaged by nickel market chaos
“Governance mechanisms for the LME need to be strengthened to address conflict of interest”.
Exchange and regulators seek answers after March’s nickel trading crisis
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