Author: Drishya Yadav

  • LME mandates reports of OTC contracts

    LME mandates reports of OTC contracts

    The London Metal Exchange approved rules for members to report all over the counter (OTC) positions largely for base metals, a move taken after off-exchange trading was partly blamed for a wild spike in nickel prices in March. The exchange, owned by Hong Kong Exchanges and Clearing Ltd, was forced to suspend nickel trading and…