LME plans to open trading to non-shareholders

13 Mar 2006

FO Week's sister publication, Metal Bulletin, has revealed that London Metal Exchange (LME) has planned to open trading to non-shareholders to reflect increased interest in trading metals.

The proposal was expected to ignite debate about the potential to unlock shareholder value, possibly through a future IPO, but exchange officials insisted the current proposal was simply a pragmatic way of addressing the...

The rest of this article is for subscribers only. Would you like to take a free trial?

Unlimited access
Data & graph exports
Daily data brief
Weekly newsletter

News & Analysis access
Extensive data searches
Access to archive
Weekly newsletter

Already have an account?

Username:
Password:

Remember me? | Forgot your password?

"While we support its overall direction, a number of the requirements in the review are needlessly oppressive, particularly the proposed limits on execution-only business and bilateral execution. Additionally, the swathe of costly disclosure obligations is more likely to confuse than inform customers.”

The FOA's Anthony Belchambers responds to the EC's Mifid review.