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LME Blames Falling Volume on Fees, Economy
Jun 15, 2016 09:44Source:SMM
The head of the London Metal Exchange on Tuesday said the exchange’s falling trade volumes could be linked to a fee-hike introduced early last year.
by , Jeff Yoders on JUNE 14, 2016
The head of the London Metal Exchange on Tuesday said the exchange’s falling trade volumes could be linked to a fee-hike introduced early last year, but added that the main reason for the decline was a downturn in the global economy.
Hong Kong Exchanges and Clearing Ltd. bought the LME for $2.2 billion four years ago, before raising trading fees by an average 31% in early 2015 as it aimed to wring profit from its investment.
Source: MetalMiner
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