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You are here: Home → Archive → 2009 → October → Weekly Edition 1st of October 2009 → Exchange trading may boost brokers

Exchange trading may boost brokers

by Michelle Wiese Bockmann, London — last modified Oct 02, 2009 10:13 AM

SHIPBROKERS will earn an extra £1.3bn (US$2.1bn) in revenue from freight derivatives over the next decade if the market shifts from over-the counter (OTC) to exchange trading, a London Metal Exchange (LME) scoping study concluded.

Trading volumes would double by 2015, and triple within 12 years, with the exchange also meeting stricter regulations anticipated for the US$580trn global derivatives sector from US and EU financial authorities.
The LME publicly disclosed details underpinning its proposed...

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