Trading

LME hit with new lawsuit from five investment firms

Latest lawsuit piles more pressure on the exchange

The LME has come under fire since it decided to wipe some $4bn in nickel trades last year
The LME has come under fire since it decided to wipe some $4bn in nickel trades last year Photo: Chris J. Ratcliffe/Getty Images

The London Metal Exchange is facing fresh legal action from five investment firms over its decision to cancel $4bn in nickel trades last March.

AQR Capital, DRW Commodities, Flow Traders, Capstone Investment and Winton Capital filed a claim against the exchange on 6 March, according to commercial court records.

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