London metal exchange

Elliott denied LME nickel crisis appeal at Supreme Court

Hedge fund had sought $456m in damages over 2022 debacle

1 min read

Elliott said it would review the decision and consider its next steps

LME defeats Elliott Management in nickel crisis appeal

The investment firm sued the exchange for $456m in damages after a historic trading shutdown

3 min read

The LME is making reforms to its market to make it more inline with its competitors

Ex-Credit Suisse finance head joins London Metal Exchange

Robert Arbuthnott spent seven years as head of group finance at Credit Suisse

2 min read

More than half of trading of the exchange is still done through phone or email

London Metal Exchange pushes for more electronic trading in shake-up

CEO Matthew Chamberlain said the changes will improve prices and help financial traders on the exchange

3 min read

Societe Generale ends trading ring membership at the LME

With SocGen’s exit there are now only seven members left in the ring

1 min read

LME to woo financial traders as Elliott appeals in nickel case

The metal exchange is trying to rehabilitate its reputation as well as attract new customers

4 min read

LME says ‘no proper basis’ to overturn court’s approval of nickel trade cancellations

The LME’s counsel argued the exchange had a regulatory obligation to intervene and that Elliott was repeating arguments already struck down by the lower court

3 min read

Elliott says London Metal Exchange failed to disclose vital documents in nickel dispute

Elliott said the LME failed to disclose all relevant information before it went to court in June 2023

3 min read

London Metal Exchange and Elliott Management head back to court for nickel ruling appeal

Elliott is appealing a November High Court verdict that backed the LME’s decision to void billions in trades

With a court win and modernisation of its market structure, the LME is trying to look past March 2022's saga

Two years on: LME nickel crisis breeds courtroom drama, vindication and reform

The decision to cancel $12bn in nickel trades created one of the most serious crises in the exchange's 147-year history

The LME has shaken up its senior leadership ranks

LME hires new general counsel from JPMorgan

The LME’s new general counsel will have to deal with a series of lawsuits when she takes up the role

Matthew Chamberlain has been the chief executive of the London Metal Exchange since 2017

LME chief Matthew Chamberlain: ‘There’s always going to be criticism when you make a decision’

Two years on from the LME nickel crisis, its boss reflects on the fateful day and rebuilding its reputation

LME says it plans to contest the lawsuit from the Global Legal Action Network and London Mining Group

LME faces lawsuit over ‘dirty metals’ trading

Metals traded on the exchange are the product of 'environmental crimes', NGOs say

2 min read

The London Metal Exchange cancelled $4bn of nickel trades on 8 March 2022, sparking a legal battle

LME court win affirms the broad powers of exchanges

The court said it would not second-guess the LME’s ‘specialist decision-maker’ role

3 min read

The LME cancelled more than $4bn of nickel trades on 8 March 2022 amid a short squeeze, provoking a legal battle

LME wins nickel court battle against Elliott and Jane Street

The LME faced a $470m lawsuit over last year's nickel crisis, but judges rule exchange was allowed a 'margin of discretion'

3 min read