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London Metal Exchange

Set up in 1877 to provide a venue for trade conducted among metal merchants in London, the LME was sold in 2012 to the operator of the Hong Kong stock exchange. In 2013, it was a defendant in lawsuits accusing Goldman Sachs, JP Morgan and Glencore-Xstrata of rigging the aluminium market.

One-kg 24K gold bars are displayed at the Chinese Gold and Silver Exchange Society, Hong Kong's major gold and silver exchange. Photo: Reuters

HKEX set to launch gold futures in Hong Kong and London

Hong Kong Exchanges and Clearing (HKEX) is launching its planned offshore renminbi and US dollar gold futures contracts in Hong Kong on July 10 – the first pair of commodity futures that can be physically delivered in the city.