The Financial Conduct Authority has opened an enforcement investigation into the London Stock Exchange’s (LME) suspension of nickel trading in March 2022, following controversy over its handling of the events.
Nearly a year later, the UK's financial watchdog said today (3 March), that it will investigate some of the LME's "conduct and systems and controls in place" in the period between 1 January 2022 and the time of suspension on 8 March 2022. "The FCA has confirmed an investigation in light of the public interest in these matters and will not make any further comment in line with normal policy," the regulator said. On 8 March last year, the LME was forced to suspend nickel trading and cancel trades after prices doubled to more than $100,000 per tonne. London Metal Exchange suspends e...
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