Co-operation with SHFE is LME’s goal – Jones

Co-operation, not competition, is the goal in the London Metal Exchange’s interactions with its industry peer the Shanghai Futures Exchange (SHFE), according to the LME ceo.

Garry Jones stressed that the exchange is not trying to launch “LME China” and that it is instead seeking to promote and enhance the exchange in the Asia time zone, launch new products and work with the Chinese mainland for commodities connectivity. “We will not be setting up in competition with the Chinese; we’re trying to work with them....

Published

Andrea Hotter

March 12, 2014

16:45 GMT

Boca Raton, Florida