WAREHOUSING: CME growth contrasts with LME streamlining

The Chicago Mercantile Exchange appears to be moving to strategically grow its presence in global metals warehousing, in contrast to the controlled belt-tightening employed by the London Metal Exchange.

The CME has seen significant growth in volumes from its non-US clients over the past year, global head of metals products Young-Jin Chang said during a press roundtable on Tuesday October 31, held during LME Week. While the exchange did not lay out any concrete plans to expand its warehousing offerings, it did hint at areas in which it might be looking to establish new contracts - specifically precious metals and its new copper premium contract based on Metal Bulletin’s...

Published

Kirk Maltais

December 07, 2017

11:42 GMT

New York