The UK Office of Fair Trading announced on April 20 that it had finally and unconditionally closed its investigation of the London Metal Exchange (LME). The case was opened in response to a complaint in 2003 from Spectron Group plc (Spectron) which alleged that the operation of the LME Select electronic trading platform, was anti-competitive. Spectron provides an electronic platform (eMetals) for trading LME non-ferrous metals contracts in competition to the LME.
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