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FCA fines London Metal Exchange £9.2m over 2022 nickel volatility

City A.M. Thursday, 20 March 2025 ()
FCA fines London Metal Exchange £9.2m over 2022 nickel volatilityThe Financial Conduct Authority handed a landmark £9.2m fine to the London Metal Exchange after it failed to prevent extreme volatility in the nickel market in March 2022. In its first ever enforcement action against an investment exchange, the FCA criticised the exchange’s systems and controls that did not ensure “orderly trading under conditions of [...]
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