LME board will learn lessons from nickel chaos, says parent company HKEX The Edge Markets


Source: theedgemarkets.com theedgemarkets.com

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- A + A HONG KONG (March 29): The London Metal Exchange (LME) board will see what lessons can be learnt from this month's chaotic nickel trading, the chief executive officer (CEO) of its parent company Hong Kong Exchanges and Clearing (HKEX) said on Tuesday (March 29). The LME suspended activity and cancelled nickel trade earlier this month due to volatility that saw prices double to more than US$100,000 (over RM421,800) a tonne within hours. A spate of technical glitches after trading resumed left traders fuming. "In terms of the way forward of course, the LME board is responsible for...