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LME favours new pricing mechanism to boost monthly trading
Published Wed, Apr 26, 2017 · 09:50 PM
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London
THE London Metal Exchange (LME) wants to attract funds and reverse falling volumes by boosting liquidity on monthly settled contracts using prices from trading on other dates, Matt Chamberlain, the LME's new chief executive, told Reuters.
The LME is under pressure to build volumes after they fell 7.7 per cent last year and 4.3 per cent in 2015.
The exchange is proposing a process called implied pricing th…
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