Industry members and floor traders had marked Chamberlain as
the favourite to take the role for some time. So when HKEX ceo
Charles Li arrived in London for a board meeting this week,
there was only one name being talked about. One trader said:
"It is positive news but not really very surprising. It was the
most sensible option and he is the right person to lead the LME
forward." Michael Lion, Lion Consulting Asia, believes
Chamberlain will be able to retain the unique trading features
of the LME and keep it moving in the right direction.
"It’s good news – he should breathe
confidence into the exchange," Lion said. "The LME needs to
retain its unique qualities to be...