Having not seen a single new member join its ranks as a ring
member for 13 years, London Metal Exchange (LME) could soon see
its category one numbers swell.
It is believed that the exchange has received applications
from ED&F Man while other companies including Commoditrade
and Royal Bank of Canada (RBC) are also considering gaining
ring trading status.
Commodity broker ED&F Man seems the most likely of the
three having already poached five experienced floor traders
from ring member Natixis last month (see FO Week Vol
12 No 17). ED&F Man refused to confirm its future
intentions regarding LME.
This article is available exclusively to subscribers
Please log in to continue reading.
Not yet a subscriber?
Click here to take a free trial.
Already have an account? |
Please fill in your details below and a customer service representative will contact you.