LME Asian hours extension goes ahead

05 Jun 2006

London Metal Exchange (LME)'s delayed extension to its electronic trading hours, designed to increase the market's appeal to Asian traders, went ahead on 1 June. Although the exchange does not publish volume figures it confirmed that it had received regulatory approval from authorities in Singapore, Japan and China, allowing...

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“At the highest level of economic motivation for their actions and most generous interpretation of them, they are trying to influence prices in a way that benefits mankind and they should be considered heroes for it.”

John Lothian on speculators in the commodity markets.