Matthew Chamberlain was appointed permanent ceo of the London Metal Exchange this April, having been named interim ceo back in January following the retirement of Garry Jones.
Since then, Chamberlain has been tasked with easing the tensions between the LME and its members, with market observers noting he is already starting to put his stamp on the exchange.
The LME released its Strategic Pathway paper in September
which revealed the exchange’s next steps following a period of consultation with the market. The decisions documented in the Strategic Pathway will remain of debate next week and beyond.
Some points such as reduced trading fees are viewed positively by the industry, but others, such as renewed fears that the 140-year-old open-outcry ring – the last of its kind in Europe – may be under a fresh threat of closure, are cause for concern.
“I think things are now firmly in Matt Chamberlain’s hands....