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New HK commodity exchange to give Asia bigger role

Posted on 20 May 2011

Hong Kong’s new commodity exchange backed by China’s biggest bank and a Russian tycoon began trading Wednesday as the Asian city attempts to challenge established markets in Europe and the U.S.
Exchange officials said that Asian countries, especially China and India, have been driving demand for global commodities and the new exchange is aimed at helping traders in the region have a bigger say in setting prices……………………………………….Full Article: Source


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