03/03/2023
The UK financial watchdog has begun an “enforcement” investigation into the London Metal Exchange when the exchange moved to freeze and cancel billions of dollars’ worth of nickel trades in response to a historic price surge. The Financial Conduct Authority said on Friday it will take action to monitor the LME’s efforts to improve its conduct, controls and governance that came under pressure when it suspended the nickel market a year ago....
The UK financial watchdog has begun an “enforcement” investigation into the London Metal Exchange when the exchange moved to freeze and cancel billions of dollars’ worth of nickel trades in respons…