LME imposes new restrictions on large positions

Reuters

06-21

LME imposes new restrictions on large positions

LONDON, June 20 (Reuters) - The London Metal Exchange $(LME.AU)$ has imposed new restrictions on large positions in nearby contracts, it said on Friday.

The exchange, the world's oldest and largest market for industrial metals, said its so-called "front-month lending rules" would take effect on Monday and be temporary.

(Reporting by Eric Onstad; Editing by Chris Reese)

((eric.onstad@thomsonreuters.com; +44 20 7542 7093; Twitter https://twitter.com/reutersEricO; Reuters Messaging: eric.onstad.thomsonreuters.com@reuters.net))

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