The London Metal Exchange (LME) and LME Clear today announced a two-year programme to strengthen and enhance their markets.
The action plan addresses recommendations put forward in the Oliver Wyman report, following events in the nickel market in 2022.
Since March 2022, the LME has taken a series of steps to enhance market resilience, including the introduction of weekly OTC position reporting, which has improved the Exchange’s holistic visibility of OTC and exchange activity, and daily price limits. The LME has also enhanced a number of policies and risk controls to support the implementation of these steps.
The LME confirms that its daily price limits are now a permanent feature of its market and, following feedback from the LME User Committee, the Exchange has undertaken a detailed study to provide a granular per-metal calibration…
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