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Britain’s Financial Conduct Authority (FCA) has blocked the London Metal Exchange (LME) from restarting nickel trading during the Asian session amid doubts over the exchange’s ability to operate the market in an orderly manner, three people familiar with the matter said. The LME had said on November 28 last year that it hoped to resume trading during the Asian session within two weeks. But the FCA has told the LME that it does not yet have sufficient capacity to exercise regulatory control over trading during that period, sources said. “Regulators want the LME to monitor nickel trading to ensure volatility is under control. But the Asian trading session is the UK’s “break time”, not sure it can do this.” (Sina Finance)
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