Both the LME and Financial Conduct Authority (FCA) declined to comment.
Jones did not respond to Metal Bulletin’s requests for comment.
Rumours that there could be changes at executive level had circulated since the summer of 2016 amid growing discontent among key market users.
The speculation paused in November after Jones, who had been at the exchange for three years, reportedly had his contract renewed, according to well-informed sources.
And, following an announcement in December that the exchange’s chief operating officer Stuart Sloan had left the exchange, many were of the opinion that the changes at executive level had ended, or at least the...