The London Metal Exchange board will see what lessons can be learned from this month's chaotic nickel trading, the chief executive of its parent company Hong Kong Exchanges and Clearing (HKEX) said on Tuesday.
The LME suspended activity and cancelled nickel trades earlier this month due to volatility that saw prices double to more than $100,000 a tonne within hours. A spate of technical glitches after trading resumed left traders fuming.
"In terms of the way forward of course, the LME board is responsible for understanding the full impact on the market, and what actions can be taken," said HKEX CEO Nicolas Aguzin, speaking to media after an HKEX investor day.
"I'm sure the board of the LME will take the necessary steps to evaluate what are the lessons learned and how we can continue improving the market structure of the commodities market."