London Metal Exchange (LME) has announced its intention to launch a platform for OTC contracts, specifically intended for its proposed steel futures contract but it was expected that once the platform is rolled out it would expand into offering further OTC products.
"The LME will shortly begin building a prototype for an OTC matching and clearing platform, due for delivery in the first half of 2007," said newly appointed LME CEO Martin Abbott during his debut LME dinner speech, last week. "?.Such a platform might provide us with many other...