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For the second time in as many weeks, a leading exchange has been hit with technical issues and multi-hour delays, this time affecting the London Metal Exchange’s (LME) electronic platforms in Asia Friday morning, per a Reuters report.
The LME’s technical delay exclusively affected Asian trading, restarting before 0400 GMT, before most European traders woke up. That the delay amounted to four hours of darkness cannot be understated, given the issue likely impacted the price of certain commodities, namely metals, which suffered from unusually low volumes.
The nature of the delay had to do with connectivity, as LME members’ could not link ... (read more)