| International metal and commodities broker Newedge, a member of the London Metal Exchange, plans to expand in Asia. Its director of Asian commodities trading, Richard Fu, said Hong Kong Exchanges and Clearing's recent acquisition of the LME would enhance the broker's expansion plan.
HKEx completed its acquisition of the world's largest metal exchange for £1.39 billion (HK$17.4 billion) last month. The LME has an 82 per cent market share of global metal futures transactions...............................................Full Article: Source
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