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The London Metal Exchange’s nickel crisis is still a self-inflicted wound a year on

A year after the $4bn debacle, its spectre still hangs over the exchange

Despite being owned by Hong Kong Exchanges and Clearing for a decade, some detect a whiff of bad old City complacency in the LME’s slow pace of change
Despite being owned by Hong Kong Exchanges and Clearing for a decade, some detect a whiff of bad old City complacency in the LME’s slow pace of change Photo: Christian Sinibaldi for FN

David Wighton is a columnist for Financial News

Napoleon’s adage that the British are a nation of shopkeepers needs to be slightly updated. What the British really excel at is making markets.

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