Economic news

UK financial regulators to review LME halt to trading

2022.04.04 09:22

UK financial regulators to review LME halt to trading
FILE PHOTO: Traders work on the floor of the London Metal Exchange, in London, Britain September 27, 2018. REUTERS/Simon Dawson

LONDON (Reuters) – British financial regulators said on Monday that they would review the way the London Metal Exchange (LME) handled a halt in chaotic nickel trading last month and said the episode underlined questions about LME’s transparency.

The Financial Conduct Authority said it and the Bank of England would determine if further action should be taken.

“Events around the suspension and resumption of trading have underlined questions raised in a recent LME Discussion Paper on Market Structure, particularly the role of transparency in the LME and related markets,” the regulators said.

“The FCA has been in discussion with the LME on its proposals for some time and expects the LME to consider carefully how recent events should shape its future approach on market structure.”

Source

Related Articles

Leave a Reply

Back to top button
bitcoin
Bitcoin (BTC) $ 97,389.09 0.95%
ethereum
Ethereum (ETH) $ 3,328.52 3.13%
tether
Tether (USDT) $ 1.00 0.09%
solana
Solana (SOL) $ 248.84 3.91%
bnb
BNB (BNB) $ 652.71 1.38%
xrp
XRP (XRP) $ 1.37 7.07%
dogecoin
Dogecoin (DOGE) $ 0.416898 6.84%
usd-coin
USDC (USDC) $ 1.00 0.11%
cardano
Cardano (ADA) $ 0.986704 8.26%
staked-ether
Lido Staked Ether (STETH) $ 3,327.16 3.15%
tron
TRON (TRX) $ 0.206964 3.50%
avalanche-2
Avalanche (AVAX) $ 40.81 3.97%
the-open-network
Toncoin (TON) $ 6.03 6.98%
stellar
Stellar (XLM) $ 0.505864 0.50%
shiba-inu
Shiba Inu (SHIB) $ 0.000025 8.36%
wrapped-steth
Wrapped stETH (WSTETH) $ 3,946.38 2.82%
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 97,218.05 0.92%
polkadot
Polkadot (DOT) $ 8.55 10.06%
chainlink
Chainlink (LINK) $ 17.49 2.62%
bitcoin-cash
Bitcoin Cash (BCH) $ 502.40 2.97%
weth
WETH (WETH) $ 3,329.76 3.09%
sui
Sui (SUI) $ 3.31 7.16%
near
NEAR Protocol (NEAR) $ 6.95 6.84%
pepe
Pepe (PEPE) $ 0.00002 6.61%
leo-token
LEO Token (LEO) $ 8.63 0.25%
litecoin
Litecoin (LTC) $ 94.91 5.97%
uniswap
Uniswap (UNI) $ 10.66 2.62%
aptos
Aptos (APT) $ 12.00 9.57%
wrapped-eeth
Wrapped eETH (WEETH) $ 3,504.26 3.14%
hedera-hashgraph
Hedera (HBAR) $ 0.139653 8.93%
internet-computer
Internet Computer (ICP) $ 11.22 4.00%
usds
USDS (USDS) $ 1.00 0.08%
crypto-com-chain
Cronos (CRO) $ 0.18445 7.93%
polygon-ecosystem-token
POL (ex-MATIC) (POL) $ 0.548322 6.83%
ethereum-classic
Ethereum Classic (ETC) $ 28.05 6.86%
render-token
Render (RENDER) $ 7.88 1.39%
fetch-ai
Artificial Superintelligence Alliance (FET) $ 1.52 1.64%
bittensor
Bittensor (TAO) $ 527.14 1.84%
ethena-usde
Ethena USDe (USDE) $ 1.00 0.11%
kaspa
Kaspa (KAS) $ 0.14927 4.71%
whitebit
WhiteBIT Coin (WBT) $ 24.41 1.54%
dai
Dai (DAI) $ 1.00 0.13%
vechain
VeChain (VET) $ 0.04264 2.06%
bonk
Bonk (BONK) $ 0.000046 6.34%
arbitrum
Arbitrum (ARB) $ 0.832504 5.89%
blockstack
Stacks (STX) $ 2.19 2.86%
filecoin
Filecoin (FIL) $ 5.44 2.08%
celestia
Celestia (TIA) $ 7.58 2.97%
cosmos
Cosmos Hub (ATOM) $ 8.33 5.75%
mantra-dao
MANTRA (OM) $ 3.55 3.72%