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Your guide to a disrupted world
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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
Regulators are set to review the London Metal Exchange’s suspension of nickel trading but should also ask questions of themselves
Financial watchdogs will examine ‘disorderly’ conditions that disturbed metals market
Exchange seeks to bolster market’s defences after nickel surge severely wrongfooted major trader
Cancellation of nickel trades after huge price spike breaks convention
US secretary of state says no signs Putin is ‘prepared to stop’ and announces probe of ‘war crimes’
Suspension of electronic orders came after market reopened following week-long shutdown
145-year-old venue scrapped trades after price surge wrongfooted a Chinese metals tycoon
Chinese steel producer has upended global nickel market with bearish bet that backfired
Financial strains tend to reveal regulatory complacency and failure. The LME’s nickel snafu is no exception
Unusual decision to halt trading to protect some investors will have severe impact on the exchange
Prices have jumped in recent weeks over fears of disruption to supplies from Russia
Soaring exposure has triggered margin calls for extra collateral — expect this pattern to repeat
Metal hit a record $100,000 a tonne as brokers rushed to close a ‘short’ position taken by Xiang Guangda
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