Financial Times FT.com

Blow to London Metal Exchange on trading hours

By Kevin Morrison

Published: February 28 2006 20:25 | Last updated: February 28 2006 20:25

The UK’s Office of Fair Trading may take up to six months to review its interim ruling that has prevented the London Metal Exchange from extending electronic trading hours, an OFT spokeswoman said on Tuesday.

The OFT is investigating whether the planned six hour extension in trading hours of the LME-Select trading system will contravene European Union competition law. Its interim ruling this week followed a complaint by Spectron Group, which has a competing electronic system for clients to trade copper, aluminium, nickel and zinc.

London Metal Exchange

You have viewed your allowance of free articles. If you wish to view more, click the button below.

Read this