LME Imposes Rule Forcing Traders to Reduce Big Front-Month Bets
The London Metal Exchange set a new rule on Friday to force traders to reduce large positions, after the market was rocked in recent months by the arrival of some of the world's largest energy traders.
The exchange said that, starting Monday, any trader with a position in the nearby month's contract larger than the total available stock would be forced to reduce its position by offering to lend it to other traders.
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