LME halts nickel trade on electronic system after technical issue

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Published: Mar 16, 2022, 09:21 GMT+00:00

LONDON (Reuters) - A technical issue forced the London Metal Exchange (LME) to halt nickel trading on its electronic system again after the three-month contract hit its lower trading limit when it reopened on Wednesday.

The offices where the London Metal Exchange is headquartered are seen in the City of London

LONDON (Reuters) – A technical issue forced the London Metal Exchange (LME) to halt nickel trading on its electronic system again after the three-month contract hit its lower trading limit when it reopened on Wednesday.

The LME installed trading limits at 5% above or below the last closing price before the suspension on March 8, when extreme volatility forced the market to be closed.

The LME had said if a price limit was hit, trading would not be suspended, but any bids above the higher limit or offers below the lower limit would be rejected.

(Reporting by Pratima Desai; editing Jason Neely)

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