Recent volatility in global commodity prices may help lift the trading volume on the London Metal Exchange as demand for hedging services increases. Chow Chung-kong, chairman of Hong Kong Exchanges and Clearing (0388), which owns the LME, said trading volume on the British-based platform reached record highs in April and May, thanks to fluctuating commodity prices.
Chow's comments came after the LME signed a memorandum of understanding with the Bank of China to examine the feasibility of exchange contracts being cleared in yuan...............................................Full Article: Source
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