DFX Intelligence
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Global Financial Service Disruptions
London Metal Exchange (LMEselect)
securities exchange · GB · UK · The London Metal Exchange
Technical failureStatus: resolvedTier 1Severity 4 of 5Evidence confidence: highAnalyst-verified
LME's primary electronic matching engine failed at about 14:43 London time on 16 Mar 2026, halting electronic trading in all metals during the closing-price window. Trading was restored on a secondary instance after two to three hours.
- First disruption
- Mar 16 14:43 UTC
- First public signal
- Mar 16 (LME notice: electronic market in technical halt)
- Acknowledged
- Mar 16
- Restored
- Mar 16
- Duration
- not established
- DFX first recorded
- Nov 5 14:58 UTC
What was restricted
tradingScope: sector wide
All electronic metals contracts halted; closing prices produced via fallback pricing waterfall (pricing disruption event); inter-office market stayed open.
Cause, kept in separate layers
- What the institution said
- Primary electronic matching engine failure; restore on secondary instance
- DFX classification
- Technical failure (cyber: unconfirmed)
- Conflicting reports
- Duration two hours (Bloomberg) vs three hours (Recycling Today).
Evidence
- Mondo Visione (LME notice) · 2026-03-17
- Bloomberg · 2026-03-16
- Invezz · 2026-03-16
- Newsquawk · 2026-03-16