London-based market said it is looking at options and other precious metals
The London Metal Exchange has outlined its
plan to launch its first precious metals futures contracts in
the second quarter of next year and options at a later stage as
it proposed rule changes to allow the initiative.
The LME, which is owned by Hong Kong
Exchanges & Clearing, issued on Thursday a consultation
paper proposing rule changes to accommodate the London-based
exchange’s first move into precious metals futures
The exchange said in its paper: "The LME
intends to launch precious metals contracts in the second
quarter of 2017, with a specific date to be announced in the
decision notice following this consultation."
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