Exchange said warehouse reforms have undermined need for premium contracts
The London Metal Exchange has said the
lack of trading in its new aluminium premium contracts reflects
the success of the warehouse reforms introduced by the exchange
The LME, owned by Hong Kong Exchanges and
Clearing, launched in August last year a market-maker beauty
parade ahead of the launch of its aluminium premium contracts
on November 23 but the exchange said on Tuesday it has no
market-makers signed up and the contracts have not yet
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