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Jane Street

LME court win affirms the broad powers of exchanges

The London Metal Exchange cancelled $4bn of nickel trades on 8 March 2022, sparking a legal battle

The court said it would not second-guess the LME’s ‘specialist decision-maker’ role

3 min read

LME wins nickel court battle against Elliott and Jane Street

The LME faced a $470m lawsuit over last year's nickel crisis, but judges rule exchange was allowed a 'margin of discretion'

3 min read

London Metal ExchangeElliott ManagementTradingJane Street

LME tells court it halted a ‘death spiral’ with cancelled nickel trades

The exchange argued the crisis would have caused further 'significant and systemic damage' but for its intervention

4 min read

Elliott, Jane Street tell court LME had ‘no power’ to cancel $4bn in nickel trades

Elliott and Jane Street said that even if the LME had the power to cancel trades, it was 'unlawful' to do so without a stated policy ahead of the time

4 min read

LME nickel defaulters in spotlight as exchange prepares for $450m lawsuit

A lawsuit against the exchange from Elliott Management and Jane Street will be heard from 20 to 22 June

2 min read

London Metal ExchangeElliott ManagementTradingJane Street
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