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Global metal futures transactions look bright

Posted on 14 November 2011

The world’s biggest metal market, the London Metal Exchange (LME) which accounts for 80 per cent of traded volume in global metal futures transactions, saw record trading volumes last year of 120 million lots equivalent to $11.6 trillion and 2.8 billion tonnes of metal. Pre-tax profit in 2010, limited by the low fees, fell 28 per cent to 12.5 million pounds.
CME Group, the largest futures exchange in the United States, has in recent months appeared to distance itself from a takeover, and a spokesman said on Friday it did not comment on rumours………………………………………..Full Article: Source


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