Latest version of LME Select abandoned ahead of contract launch
London Metal Exchange (LME) and New York Mercantile Exchange
(Nymex) have looked increasing likely to launch rivalling mini
contracts at the same time, after the London exchange delayed
its launch of its contracts due to continuing platform problems
while the latter announced a date for Comex to vote on selling
electronic trading rights (see story below).
LME announced that it would roll out its mini-sized metals
contracts on 4 December, two weeks later than the initially
planned 20 November. The delay was announced to members in a
letter from its CEO, Martin Abbott, and explained as being
based on a series of software issues.
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