Question: During the lectures we covered the FT article Soviet Metal Exchange: LME Irks traders by freezing nickel market. Which of the following statements is correct?

During the lectures we covered the FT article "Soviet Metal Exchange:

During the lectures we covered the FT article "Soviet Metal Exchange: LME Irks traders by freezing nickel market". Which of the following statements is correct? All investors holding short positions in nickel futures would have realized large gains had the LME not shut down the market and cancelled trades Tsingshan Holding Group held large short positions in physical (i.e., spot) nickel when the LME shut the market down Tsingshan Holding Group accused LME of favoritism towards electronic traders By shutting the market down and cancelling trades, LME artificially inflated the futures and the spot price of nickel. There was no daily settlement on the day the LME shut the market down and cancelled trades

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