In 2022, the Nickel market chaos, the London Metal Exchange city guard, in 2022, Nickel Market chaos, noted the first sentence against the best investment exchange.
In the investigation of the financial behavior, the investigation is unprepared for the “serious risks” in March this year, when Russia’s occupation of Ukraine has increased in the price of nickel.
More growing prices from March 8, 2022, more than $ 100,000 tons, more than an hour, more than an hour.
LME was later postponed eight days in trade and canceled all artisans in the rise of the rise, resulting in the result of the Hedge Foundation, Elliott Associates. This claim was later rejected in the courts. The LME said the previously cancellation and the cancellation was important to prevent small members of the stock market.
Although the spike in the price was caused by uncertainty on the availability of the metal, FCA could not help LME’s “to be relevant to the fierce market stress of LME.”
LME informed the relatively small trade staff overnight during the Asian Trade hours, about 7 GMTs and about 7 GMT and why these employees were not properly taught to react.
This was not increased by high-ranking leaders in excessive growth in nickel prices on March 8, 2022. Instead, the small trade team took a step in the jump until the disabled price bands, which are part of the automatic management parts during the most tight variability.
“LME violations have allowed the three-month nickel futures contract to increase the price of a contract more quickly,” FCA said FCA. “This is designed to increase the potential effects of investors and market users, reduce price bands.”
Steve Smart, the director of the joint executive and market control in FCA, added: “London’s metal markets are vital for the British and global economy. LME had to be better ready to solve serious risks created by excessive variary.”
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LME, it has adopted FCA results and improves control to prevent similar problems, he said.
His CEO Matthew Chamberlain, “We are very serious about our responsibilities as a global market operator, and in March 2022, we can show a better defense line to the impact of the unrest in the LME market.
