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Jane Street sues LME over nickel trade chaos
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fnlondon.comTwo major financial players are now suing the London Metal Exchange for a total of nearly half a billion dollars, after the exchange earlier this year suspended nickel trading and canceled some trades following wild swings in the metal's price.
The activist hedge-fund manager Elliott Management is seeking more than $456m, and has now been joined by market-maker Jane Street Group, which is claiming about $15.3m, according to Hong Kong Exchanges & Clearing, which owns LME.
The...
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