News

Law

Asset Management

Investment Banking

Wealth

Hedge Funds

People

Newsletters

Events

Lists

Trading

LME appoints Oliver Wyman to oversee nickel crisis post-mortem

The firm will review events surrounding a March spike in nickel prices that led the LME to wipe $4bn in trades

The LME faces two lawsuits as it tries to reestablish confidence in the market after the nickel debacle
The LME faces two lawsuits as it tries to reestablish confidence in the market after the nickel debacle Photo: Getty Images

The London Metal Exchange has selected Oliver Wyman to head the exchange’s independent review of its handling of the nickel crisis that saw the exchange wipe some $4bn in trades.

The consulting firm, along with its sister company Nera, will examine the events the peaked on 8 March, when a dramatic spike in nickel prices led the LME to halt trading and cancel the trades.

WSJ Logo