LME says electronic market is currently in a technical halt; exchange intends to restore trading on the secondary instance
Newsquawk Staff ·
- Will require time to reconnect.
- Exchange expects to apply backup pricing waterfall approach to produce the closing price.
What it means
The LME's announcement of a technical halt in its electronic market indicates potential volatility and uncertainty in metals trading, particularly for participants relying on electronic platforms. The use of a backup pricing approach could result in pricing discrepancies and affect liquidity; traders may need to adjust their strategies accordingly until stability is restored. Monitor developments closely, especially around the impact on pricing and trading volumes during the session.
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