A senior member of the London Metal Exchange community has told FOWi about his concerns following the bourse’s decision to increase charges.
LME announced this week that it planned to introduce the new exchange user fee of 50p per lot on 1 March. According to the exchange, it is “anticipated that members will pass the cost on to customers directly”.
Analysts have said that the move is part of the company’s preparation for sale, which is currently ongoing.
However, a senior representative with one of LME’s 90 members, told FOWi that he was “troubled” by the decision to raise fees.
“We’re in the most difficult economic environment in the lifetime of most market participants,” he said,...