Fee cuts, lower margin and review of incentives at heart of new strategy
The London Metal Exchange has slashed certain fees and
unveiled a raft a new measures to stave off declining volumes
and a member revolt.
The Hong Kong Exchange-owned metal market said late on
Friday that it would cut fees on short-dated carry trades by
44% to $0.50 for clearing and trading. This brings them below
the $0.58 charged prior to the fee increase in January
The exchange will also limit charges levied on position
transfers to $10,000. According to the exchange the average
charge for large position transfers in 2015 was around
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