A host of firms the London Metal Exchange claims would have gone into default had it not cancelled $4bn worth of nickel trades last year have been revealed as a courtroom showdown over the decision nears.

As Elliott Management and Jane Street lined up their legal challenge to the LME wiping trades on 8 March 2022, the investment houses asked for details on which firms would have gone into default without the reversal of trading, according to a person familiar with the matter.