FCA fines London Metal Exchange £9.2m over 2022 nickel volatility Investing The Financial Conduct Authority handed a landmark £9.2m fine to the London Metal Exchange after it failed to prevent extreme volatility in the nickel market in March 2022. In its first ever enforcement action against an investment exchange, the FCA criticised the exchange’s systems and controls that did not ensure “orderly trading under conditions of [...]
Elliott’s appeal over London Metal Exchange nickel shutdown dismissed Legal A UK court has dismissed Elliott Investment Management bid to appeal a decision in the nickel case against the London Metal Exchange.
London Metal Exchange hires veteran Credit Suisse executive in modernisation push Energy The London Metal Exchange has added veteran banker Robert Arbuthnott to its executive team as the marketplace looks to modernise and rebuild its reputation after a high-profile legal battle.
Poppy Cleall backs Saracens to return to Premiership Women’s Rugby final June 5, 2024 It has been a difficult week for Poppy Cleall. The 65-cap England forward found out she had not been given a golden Red Roses contract. Cleall has been a staple of the international team for a number of years but England’s loss could well be Saracens’ gain. She will be keen to channel her frustration [...]
London Metals Exchange to clamp down on Russian metal ‘rent share’ trading games April 24, 2024 The LME is seeking to clamp down on 'rent share' warehouse games of trading sanctioned Russian metals.
UK and US block trade of new Russian metals at world’s largest exchanges April 13, 2024 The UK and the US have announced that new aluminium, copper and nickel produced by Russia will no longer be traded at the world’s two largest metal exchanges.