Nymex, LME prepare for mini metals head-to-head

London Metal Exchange (LME) and New York Mercantile Exchange (Nymex) have looked increasing likely to launch rivalling mini contracts at the same time, after the London exchange delayed its launch of its contracts due to continuing platform problems while the latter announced a date for Comex to vote on selling electronic trading rights (see story below).

LME announced that it would roll out its mini-sized metals contracts on 4 December, two weeks later than the initially planned 20 November. The delay was announced to members in a letter from its CEO, Martin Abbott, and explained as being based on...