The chief of the London Metal Exchange said that it must “justify continued faith” in the marketplace after its controversial decision to freeze and cancel nickel trades during a short squeeze in March.
Matthew Chamberlain defended the exchange’s decision to cancel billions of dollars worth of nickel trades, even as he acknowledged the pain felt by investors in the market.
“In terms of the events of March, the reams of coverage, opinion and speculation served primarily to illustrate the complexity of the situation,” the LME chief executive said at the exchange’s annual dinner in London.
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