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Bloomberg: London Metal Exchange delayed trading start in Asia by 90 minutes on Wednesday

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.m
  • No reason was given according to unnamed LME traders quoted by Bloomberg
  • The exchange didn’t immediately respond to a request for comment.

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.

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