The Financial Conduct Authority and Bank of England launched a review into the suspension of nickel trading by the London Metal Exchange (Yui Mok/PA)
(Picture: PA Archive)The London Metal Exchange is being sued for $456 million (£363 million) over its decision to suspend nickel trading and cancel a day of trades.
US hedge fund Elliott Management, which has brought the case in the High Court, said LME’s decision “was unlawful on public law grounds and/or constituted a violation of the claimants’ human rights”, according to LME owner HKEX.
