Hedge Funds

'Mr Copper' takes aim at high-frequency traders

Michael Farmer, a Conservative peer and co-founder of metals hedge fund Red Kite, has taken aim at high-frequency traders, telling an audience at a London Metal Exchange event that they are among the risks faced by the exchange.

Michael Farmer, a Conservative peer and co-founder of metals hedge fund Red Kite, has taken aim at high-frequency traders, telling an audience at a London Metal Exchange event that they are among the risks faced by the exchange.

Speaking at the LME's annual black-tie dinner in London on November 1, Farmer - nicknamed "Mr Copper" in the City - said the exchange's own rules and regulations might "unwittingly" give some participants an unfair advantage over others.

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