LME Battles to Restore Confidence Amid Hedge Funds Exit

The London Metal Exchange needs to restore confidence in its "ability to to to be the price setter" following its decision on Tuesday to suspend nickel trading, according to Caroline Bain, chief commodities economist at Capital Economics. The drastic intervention has led some hedge funds to walk away from the LME, saying it's too risky to trade. Bain speaks on Bloomberg Television.

[lottery]

cancelling all trades due to a company's inability to cover margin calls?

[Lisa-qsxd]

Crooks. Thieves. All's good until they're on the losing end. Funny how that works huh? She sounds nervous

[SD-jqfe]

It was the cancelling of contracts after they had been traded that caused the dissatisfaction, she explains very little about how this affected short Vs long trades favouring one over the other.

[amariyahisrael]

They been knew the risk! These people are full of shit and should be and jail for stealing from retail!

[tonerrhone]

People need to pressure the regulators. Rigged market

[Koushi]

LME go bankrupt remove their license and sue them compensation to all traders

this is what happened to GME and now they using this on other markets. Since people didn't punish those responsible and pay GME holders this now spilled over to other markets. GOOD JOB REGULATORS encouraging CRIME.

[jew-sa]

Make no mistake, the LME is finished.

[MA-merm]

Trades cancelation is illegal. Period.

[Kiddyyep]

If it was the other way around, where the big shots profited, will it be halted? I think investing directly on nickel companies' stocks will be the best one moving forward...

[wayneanderson]

Just like with Little People, when the wrong people win & the Chosen People lose, the rules of the game are changed midstream. Still waiting to hear "That's Capitalism, Baby!" on this one.

[HNX]

Rigged market, , , awful how people have been cheated

[adilhakam]

🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣 when gamblers don’t want to gamble 🤣🤣🤣🤣🤣🤣🤣🤣

[rajibdeka]

Buy stocks of nickel companies. Simple, precise👍👍👍

[richunclejoey]

Maybe CME group will create and sell nickel and other derivatives to replace lme's role

[adilhakam]

Can’t control the prices anymore 🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣