Rival derivatives screen plan
THE LONDON Metal Exchange (LME) last week confirmed “exploratory discussions” were under way with major freight derivatives traders to establish a central screen for the US$155bn market.
The contentious move would be the most significant overhaul in the way forward freight agreements (FFAs) are traded for 24 years.
The 130-year-old LME trades metals futures and options against physical delivery, worth US$9.5trn annually, and was “watching the...
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