LME says electronic market is currently in a technical halt; exchange intends to restore trading on the secondary instance

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.

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LME says electronic market is currently in a technical halt; exchange intends to restore trading on the secondary instance

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  • Will require time to reconnect. 
  • Exchange expects to apply backup pricing waterfall approach to produce the closing price. 
Context

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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