LME
Hedge fund Elliott Associates is suing the London Metal Exchange LME for 456 million for cancelling nickel trades after chaotic trading in March that forced the exchange to suspend its nickel market the LME said on Monday. The London Metal Exchange LME is a futures and forwards exchange with the worlds largest market in standarised forward contracts futures contracts and options on base metalsThe exchange also offers contracts on ferrous metals and precious metalsAs the LME offers contracts with daily expiry dates of up to three months from trade date weekly contracts to six.
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The London Metal Exchange LME has been sued for 456m 365m by fund manager Elliott Associates following the suspension and cancellation of nickel trades earlier this year.
. The claim was filed in the English High Court against the trading platform and its subsidiary LME Clear. The London Metal Exchange is the world centre for industrial metals trading and price-risk management. 21 hours agoWall Street hedge fund Elliott Management has sued the London Metal Exchanges owner for 456m over the cancellation of trades during the nickel crisis in early March.
Sued the London Metal Exchange for more than 456 million after the exchange earlier this year suspended nickel trading and canceled some. LME is now the worlds leading market for non-ferrous metals. London time after extreme price volatility prompted a rare market shut down last week.
LONDON Reuters US. 1 day agoActivist hedge-fund manager Elliott Management Corp. Trading on the LME often surpasses global metal production by a factor of 40.
The LME was hit with the lawsuit by Elliott Management over a debacle involving nickel. The owner is LME Holdings Limited and is located at Leadenhall Street City of London United Kingdom. 1 hour agoAlfred Cang.
LME Clear provides real-time clearing. Contracts on the exchange include aluminum copper and zinc. Our team is built on impeccable integrity a strong work ethic and a passion for delivering powerful durable engines.
Diverse technical backgrounds give us an advantage when tailoring a combination to your specific application. The LME transacts about 176 million lots of metals annually which equates to about 135 trillion. The London Metal Exchange LME is a futures and options trading exchange that operates the worlds largest marketplace for trading base metals.
LME prices are very important for companies who trade in these metals. The LME resumed nickel trading contracts at 8 am. The London Metal Exchange is being sued for 363million by one of the worlds most feared hedge funds.
LME owner Hong Kong. A commodities exchange in London England that deals in metal futures. 1 day agoIn this article.
By Pratima Desai and Eric Onstad. Hedge fund Elliott Associates is suing the London Metal Exchange LME for 456 million for cancelling nickel trades after chaotic trading in March that forced the exchange. LME Index increased 1850 points or 041 since the beginning of 2022 according to trading on a contract for difference CFD that tracks the benchmark market for this commodity.
It alleges that LMEs decision to cancel trades on 8 March. The LME -- the worlds biggest exchange for industrial metals -- partnered with. Team LME has experience in many forms of racing allowing us to innovate to best suit your needs.
London Metal Exchange - LME. Historically LME Index reached an all time high of 550570 in March of 2022. Trading on the LME can be done in.
Elliott Investment Management is seeking US456 million in damages from the London Metal Exchange LME over its decision in March to cancel billions of dollars worth of nickel trades after a massive short squeeze. 3 hours agoUS-based Jane Street Global Trading has sued the London Metal Exchange for 153 million following the cancellation of nickel trades in March - the second such legal claim it has faced this week. The London Metal Exchange will abandon its attempt to break into precious-metal trading after just five years.
Fund manager Elliott Associates has sued London Metal Exchange LME for 456 million following the suspension and cancellation of nickel trades on the platform owned by Hong Kong. Wall Street trading powerhouse Jane Street is seeking around 15 million in damages from the London Metal Exchange over its decision in March to cancel nickel trades after an. The move by the activist investor Paul Singer ratchets up pressure against the LME.
The London Metal Exchange LME has been sued in the UK courts for its controversial decision on March 8 to suspend trading of nickel futures contracts and cancelling trades in the metal on the. The London Metal Exchange was founded in the year 1877 but has a history from the year 1571.
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