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Challenges ahead as Hong Kong unveils plans for commodities trading

Posted on 10 March 2014

Hong Kong Exchanges and Clearing’s plan to introduce the Hong Kong version of the London Metal Exchange platform this year is a baby step to kick off the local commodities market, but brokers and observers warned there will be challenges in developing the new market.
“HKEx spent a lot of money buying the LME in 2012 but we have yet to see how the deal will help promote the local commodities market. It is good to see HKEx is finally doing something to promote commodities trading in Hong Kong,” said Christopher Cheung Wah-fung, a legislator for the financial services sector…………………………………………Full Article: Source


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