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HKEX to copy London Metal Exchange “ring” at new Chinese commodity exchange

Posted on 01 November 2016

The Hong Kong bourse will copy the iconic open outcry trading ring at the London Metal Exchange (LME) in its new spot commodity platform in mainland China, seeking to lure Chinese producers and consumers.
Qianhai, a new free trade zone near Hong Kong, will host the platform being put together by Hong Kong Exchanges and Clearing Ltd (HKEX) for trading metals before expanding into other commodities. “If you visit that exchange, which we are just setting up and will be launching products next April, you will see it looks just like the LME, it actually has a ring,” HKEX chief executive Charles Li said……………………………………Full Article: Source


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