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    • Tuesday, 12 July, 2022
      Hedge funds
      Hedge funds cut back trading after LME nickel chaos

      Exchange stepped in to halt a squeeze on a short seller and protect other users from heavy losses

    • Friday, 10 June, 2022
      LME boss may need all his mettle to survive as investors launch law suits

      Chamberlain’s reputation rests on outcome of judicial review claims over momentous decision to cancel nickel trades

    • Thursday, 9 June, 2022
      Gillian Tett
      The LME debacle raises serious questions for the City of London

      This episode threatens to undermine the Square Mile’s claim to ensure a level playing field

    • Wednesday, 8 June, 2022
      Hedge funds file complaint to LME over cancelled nickel trades

      Managed Funds Association says exchange failed to perform its regulatory functions

    • Wednesday, 8 June, 2022
      FT News Briefing podcast9 min listen
      Ukraine’s president: ‘Stalemate is not an option’

      Volodymyr Zelenskyy tells FT conference that western sanctions ‘have not really influenced’ Moscow’s position

    • Tuesday, 7 June, 2022
      US trading firm Jane Street sues LME for nickel trade chaos

      Lawsuit comes a day after similar action by Elliott against metals exchange over March trade halt

    • Monday, 6 June, 2022
      LME hit by $450mn Elliott suit over nickel market chaos

      UK regulators are probing trading suspension that took place in March

    • Monday, 6 June, 2022
      Helen Thomas
      Elliott’s lawsuit could give the City’s metal trading scandal a proper airing

      US hedge fund is claiming $456mn over cancellation of nickel trades on London Metal Exchange

    • Friday, 13 May, 2022
      Commodities
      The LME’s Operation Fightback

      Never let a crisis go to waste

    • Wednesday, 27 April, 2022
      LME chief to stay put after ditching move to crypto start-up

      U-turn comes as metals exchange seeks to repair reputation damaged by nickel market chaos

    • Tuesday, 19 April, 2022
      FT Alphaville
      The IMF weighs in on LMAO’s nickel debacle

      “Governance mechanisms for the LME need to be strengthened to address conflict of interest”.

    • Friday, 8 April, 2022
      News in-depth
      LME chief calls for scrutiny of private deals in nickel probes

      Exchange and regulators seek answers after March’s nickel trading crisis

    • Monday, 4 April, 2022
      Helen Thomas
      The City’s nickel crisis is an embarrassing failure

      Regulators are set to review the London Metal Exchange’s suspension of nickel trading but should also ask questions of themselves

    • Monday, 4 April, 2022
      UK regulators to launch review into LME’s nickel trading chaos

      Financial watchdogs will examine ‘disorderly’ conditions that disturbed metals market

    • Friday, 25 March, 2022
      LME to almost double size of default fund as metals prices swing

      Exchange seeks to bolster market’s defences after nickel surge severely wrongfooted major trader

    • Saturday, 19 March, 2022
      Philip Stafford
      Traders in uproar over the LME

      Cancellation of nickel trades after huge price spike breaks convention

    • Friday, 18 March, 2022
      FT News Briefing podcast9 min listen
      The Great Nickel Pickle

      US secretary of state says no signs Putin is ‘prepared to stop’ and announces probe of ‘war crimes’

    • Wednesday, 16 March, 2022
      London Metal Exchange suffers fresh glitch during nickel trading

      Suspension of electronic orders came after market reopened following week-long shutdown

    • Saturday, 12 March, 2022
      ‘Soviet Metal Exchange’: LME irks traders by freezing nickel market

      145-year-old venue scrapped trades after price surge wrongfooted a Chinese metals tycoon

    • Friday, 11 March, 2022
      Commodities
      Beijing weighs nickel rescue deal for billionaire owner of Tsingshan

      Chinese steel producer has upended global nickel market with bearish bet that backfired

    • Friday, 11 March, 2022
      Helen Thomas
      Nickel ‘Big Shot’ shows metals market desperately needs overhaul

      Financial strains tend to reveal regulatory complacency and failure. The LME’s nickel snafu is no exception

    • Thursday, 10 March, 2022
      Lex
      Nickel/LME: damages to credibility bigger than margin call losses Premium content

      Unusual decision to halt trading to protect some investors will have severe impact on the exchange

    • Wednesday, 9 March, 2022
      Industrial metals
      Shanghai halts trading of key nickel contracts in wake of LME suspension

      Prices have jumped in recent weeks over fears of disruption to supplies from Russia

    • Tuesday, 8 March, 2022
      LexIndustrial metals
      Nickel/LME: chaos from margin calls may recur in other asset classes Premium content

      Soaring exposure has triggered margin calls for extra collateral — expect this pattern to repeat

    • Tuesday, 8 March, 2022
      Industrial metals
      Chinese metals tycoon faces steep losses on nickel price surge

      Metal hit a record $100,000 a tonne as brokers rushed to close a ‘short’ position taken by Xiang Guangda

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