Comex Staff 'Spotted Copper Discrepancies'

COMPLIANCE officers at the Commodity Exchange (Comex) division of the New York Mercantile Exchange (Nymex) uncovered discrepancies in the copper market resulting from fraudulent trading as early as July last year, Nymex officials have claimed.

Neal Wolkoff, executive vice president at Nymex, says Comex's compliance staff noticed that copper deposits weren't moving from London Metals Exchange (LME) warehouses to Comex warehouses, despite Comex copper futures trading at a premium to their LME

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact info@risk.net to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Risk.net? View our subscription options

Most read articles loading...

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here