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LME trading technology revamp faces lengthy delays -sources

The London Metal Exchange s three-year-long flagship project to overhaul its electronic trading system faces up to a year of further delays and mounting costs, four sources with knowledge of the.

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LME trading technology revamp faces lengthy delays -sources

The London Metal Exchange's (LME) three-year-long flagship project to overhaul its electronic trading system faces up to a year of further delays and mounting costs, four sources with knowledge of the matter said. Trust in LME management's ability to efficiently run the world's largest and oldest forum for metals shattered last year after a disorderly market forced the exchange to suspend nickel trading for the first time since 1988. The project to revamp the LME's electronic system was due to go live in June this year.

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