Topic
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.
TOPIC
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.
- HKEX-owned bourse is asking for feedback on new requirement to report over-the-counter positions in some metals on a weekly basis
- New reporting requirement is part of expected reforms to address conditions that led to a weeklong suspension of nickel trading in March
Matthew Chamberlain will stay as London Metal Exchange CEO, backtracking on plans to leave in May as the 145-year-old bourse faces a challenging period following a weeklong suspension of nickel trading in March.
Matthew Chamberlain will stay as London Metal Exchange CEO, backtracking on plans to leave in May as the 145-year-old bourse faces a challenging period following a weeklong suspension of nickel trading in March.
The UK’s Financial Conduct Authority and the Bank of England will conduct a review to see what lessons can be learned from the London Metal Exchange’s unprecedented suspension of trading in March.
The UK’s Financial Conduct Authority and the Bank of England will conduct a review to see what lessons can be learned from the London Metal Exchange’s unprecedented suspension of trading in March.
Some traders are questioning whether the Shanghai Futures Exchange or the CME should play a bigger role in metals market after chaotic return of nickel trading on the London Metal Exchange.
Some traders are questioning whether the Shanghai Futures Exchange or the CME should play a bigger role in metals market after chaotic return of nickel trading on the London Metal Exchange.
The decision to suspend trading of nickel and cancel trades was “something we never wanted to have to do”, but it was needed for market stability, London Metal Exchange CEO Matthew Chamberlain says.
The decision to suspend trading of nickel and cancel trades was “something we never wanted to have to do”, but it was needed for market stability, London Metal Exchange CEO Matthew Chamberlain says.
NIO’s 49 per cent jump in fourth-quarter revenues beat analysts’ estimate of 9.72 billion yuan, but adjusted net loss rose 31.5 per cent to 1.75 billion yuan.
NIO’s 49 per cent jump in fourth-quarter revenues beat analysts’ estimate of 9.72 billion yuan, but adjusted net loss rose 31.5 per cent to 1.75 billion yuan.
Shares of Hong Kong and Moscow-listed aluminium producer Rusal fell by as much as 9 per cent on Monday morning after Australia slapped an immediate ban on the export of key materials bauxite and alumina to Russia.
Shares of Hong Kong and Moscow-listed aluminium producer Rusal fell by as much as 9 per cent on Monday morning after Australia slapped an immediate ban on the export of key materials bauxite and alumina to Russia.
London Metal Exchange CEO Matthew Chamberlain said banks lobbied last year against efforts to increase transparency in the metals market.
London Metal Exchange CEO Matthew Chamberlain said banks lobbied last year against efforts to increase transparency in the metals market.
LME is seeking a return to normality after wild price swings forced weeklong suspension in nickel trading.
LME is seeking a return to normality after wild price swings forced weeklong suspension in nickel trading.
A sharp surge in nickel prices, combined with billions of dollars in margin calls, prompted the London Metal Exchange to suspend nickel trading last week.
A sharp surge in nickel prices, combined with billions of dollars in margin calls, prompted the London Metal Exchange to suspend nickel trading last week.
James Fok, a key Executive behind bourse operator Hong Kong Exchanges and Clearing’s surprise US$38.8 billion bid to buy the London Stock Exchange in September, has stepped down as head of group strategy and has been seconded to British unit London Metal Exchange.
James Fok, a key Executive behind bourse operator Hong Kong Exchanges and Clearing’s surprise US$38.8 billion bid to buy the London Stock Exchange in September, has stepped down as head of group strategy and has been seconded to British unit London Metal Exchange.
The London Metal Exchange, bought in 2012 by the Hong Kong Exchanges and Clearing Limited, is in talks with Guangdong’s government to open its first authorised metals warehouse on mainland China
The London Metal Exchange, bought in 2012 by the Hong Kong Exchanges and Clearing Limited, is in talks with Guangdong’s government to open its first authorised metals warehouse on mainland China
The London Metal Exchange hopes its links to Asia and expertise in physical metals will help it win the right to manage the century-old London gold pricing benchmark, chief executive Garry Jones said.
The London Metal Exchange hopes its links to Asia and expertise in physical metals will help it win the right to manage the century-old London gold pricing benchmark, chief executive Garry Jones said.
This is not a takeover; it is a marriage." That is how Charles Li Xiaojia, the chief executive of Hong Kong Exchanges and Clearing, described the £1.38 billion (HK$17.2 billion) purchase of the London Metal Exchange back in 2012.
This is not a takeover; it is a marriage." That is how Charles Li Xiaojia, the chief executive of Hong Kong Exchanges and Clearing, described the £1.38 billion (HK$17.2 billion) purchase of the London Metal Exchange back in 2012.
Fresh from a court victory in Britain, the London Metal Exchange now faces one of the biggest hurdles yet in its years-long crisis over its warehousing policy that consumers say has inflated prices: convincing US lawmakers its reforms are enough.
Fresh from a court victory in Britain, the London Metal Exchange now faces one of the biggest hurdles yet in its years-long crisis over its warehousing policy that consumers say has inflated prices: convincing US lawmakers its reforms are enough.
While the London Metal Exchange will bring in more revenue for Hong Kong Exchanges and Clearing next year, it has not done much to promote commodities trading in the city.
While the London Metal Exchange will bring in more revenue for Hong Kong Exchanges and Clearing next year, it has not done much to promote commodities trading in the city.
London Metal Exchange will increase its average transaction fees by 34 per cent in January as its first step to turn itself into a profit-making company.
London Metal Exchange will increase its average transaction fees by 34 per cent in January as its first step to turn itself into a profit-making company.
While the HKEx has been busy getting into bed with former rival Shanghai to develop cross-trading of stocks, some brokers wonder whether the local bourse was wise to cut a big cheque to buy the London Metal Exchange.
While the HKEx has been busy getting into bed with former rival Shanghai to develop cross-trading of stocks, some brokers wonder whether the local bourse was wise to cut a big cheque to buy the London Metal Exchange.
High-level talks are under way to deliver seamless access between mainland and international commodities markets, the chief executive of the London Metal Exchange told the South China Morning Post.
High-level talks are under way to deliver seamless access between mainland and international commodities markets, the chief executive of the London Metal Exchange told the South China Morning Post.
Hong Kong Exchanges and Clearing's plan to introduce the Hong Kong version of the London Metal Exchange platform this year is a baby step to kick off the local commodities market, but brokers and observers warned there will be challenges in developing the new market.
Hong Kong Exchanges and Clearing's plan to introduce the Hong Kong version of the London Metal Exchange platform this year is a baby step to kick off the local commodities market, but brokers and observers warned there will be challenges in developing the new market.
A series of public and private meetings between the London Metal Exchange and its staunchest critics in the United States has revealed a small but significant shift in a years-long crisis over the exchange's warehousing policy, sources said.
A series of public and private meetings between the London Metal Exchange and its staunchest critics in the United States has revealed a small but significant shift in a years-long crisis over the exchange's warehousing policy, sources said.
Hong Kong Exchanges & Clearing is selling US$1 billion in new shares to fund its purchase of the London Metal Exchange, approved on Thursday by the British regulator.
Hong Kong Exchanges & Clearing is selling US$1 billion in new shares to fund its purchase of the London Metal Exchange, approved on Thursday by the British regulator.
London Metal Exchange's newly appointed chief executive Garry Jones said he would focus on expansion in the mainland and would launch new products beyond metal futures trading.
London Metal Exchange's newly appointed chief executive Garry Jones said he would focus on expansion in the mainland and would launch new products beyond metal futures trading.