“For any exchange contract to work, there must be core liquidity,” Alex Shaw, head of market development – precious metals at the London Metal Exchange, said.
The LME will roll out its LMEprecious suite of products on July 10.
“Liquidity breeds liquidity. What would be more compelling would be to bring in the volume of parties to get liquidity from the get-go. We are confident come July 10, we will have screens with prices from our committed partners,” Shaw added.
Any new exchange or product must serve a broad range of...