The London Metal Exchange delayed the start of trading in Asia by 90 minutes on Wednesday
electronic platform opened at 9:30 a.m. Beijing time instead of the usual 8 a.mNo reason was given according to unnamed LME traders quoted by Bloomberg The exchange didn’t immediately respond to a request for comment.
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It takes quite a reason for an exchange like the LME to delay its open. If I was, say, short a few gold contracts and asked the exchange to delay open while I scrambled to provide margin they’d laugh at me. But, if I was a whale …. well, maybe they’d be more accommodating. Just spitballing here.
This article was written by Eamonn Sheridan at investinglive.com.