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SGX not bidding for LME

Posted on 08 May 2012

“SGX is not in the contest for London Metal Exchange,” Chew Choon Seng, chairman of SGX, said in Singapore on Monday, according to Bloomberg reports.
Mr Chew said SGX plans to build its business through partnerships such as a metal-trading venture it has with LME. The LME on March 29 said it is in the process of answering questions from bidders, who must submit offers by today. At stake is control of the marketplace that handles more than 80 per cent of industrial metals futures………………………………………..Full Article: Source


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