Metals slumped at the end of a dramatic week, as news of a Chinese clampdown on high-frequency trading cooled sentiment after frenzied activity in Shanghai futures fueled global price gains.
Regulators have ordered bourses including the Shanghai Futures Exchange — the main metals platform — to remove servers operated by high-frequency traders from their data centers, according to people familiar with the matter. Copper, tin, zinc and aluminum benchmark futures on the London Metal Exchange all extended declines as night-trading session got under way in China.
add a comment
