LME Moves Ahead With Pricing Overhaul to Boost Transparency
The London Metal Exchange is trying to boost transparency after last year’s nickel squeeze.
Traders on the trading floor of the open outcry pit at the London Metal Exchange.
Photographer: Jason Alden/BloombergThis article is for subscribers only.
The London Metal Exchange will change the way it sets its end-of-day prices in a measure designed to boost transparency in the wake of last year’s nickel squeeze.
The bourse will expand its use of a volume-weighed average pricing mechanism to more of its most-liquid contracts following a consultation on the measures, which were announced in May. Respondents were generally supportive of the proposals, the exchange said in a statement.