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Which companies just had a verified incident, who lends to them and who owns them. Every claim carries its evidence level and its source. How we decide what is confirmed

Global Financial Service Disruptions

London Metal Exchange (nickel)

securities exchange · GB · UK · The London Metal Exchange

Market protectionStatus: resolvedTier 1Severity 4 of 5Evidence confidence: mediumAnalyst-verified

The LME cancelled nickel trades made on 8 March 2022 amid extreme price volatility. The High Court upheld the LME in November 2023 and the FCA fined the exchange GBP 9.2m in March 2025.

First disruption
Mar 8
First public signal
unknown
Acknowledged
Mar 8
Restored
resolved, time unknown
Duration
not established
DFX first recorded
Nov 5 14:58 UTC

What was restricted

tradingScope: single service

Nickel trades executed on 8 March 2022 cancelled; Elliott sued for USD 456m and Jane Street for USD 15.3m; FCA fined the LME GBP 9.2m in March 2025.

Financial impact: Elliott claim USD 456m, Jane Street USD 15.3m (claims, not confirmed losses)

Cause, kept in separate layers

What the institution said
Nickel market volatility; LME cancelled nickel trades made on 8 March 2022
DFX classification
Market protection (cyber: unconfirmed)
Conflicting reports
The trading suspension and its end date were not described in the retrieved source; only the trade cancellation is documented.

Evidence