Trading

LME battles $4bn nickel whiplash a year after ‘chaotic, disorganised’ crisis

If the LME conducted itself inappropriately, the FCA will soon find out

A year on, Europe’s last open outcry exchange remains mired in legal troubles and an unprecedented regulatory investigation
A year on, Europe’s last open outcry exchange remains mired in legal troubles and an unprecedented regulatory investigation Photo: Chris J. Ratcliffe/Getty Images

Nobody can forget the LME's nickel drama of 8 March 2022.

$4bn in trades cancelled. A potential $20bn margin call. A $470m dollar lawsuit. A Financial Conduct Authority investigation.

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