LME sees trading soar
Potential buyers of the London Metal Exchange were given more reasons to bid with new records for volume and value of trading in 2011.
Total trading in 2011 rose 21.9% on 2010 reaching 146.6m lots (120.3m in 2010), the equivalent of 3.5bn tonnes of material. The notional value of all contracts traded surged 32.8% to $15.4 trillion (2010: $11.6 trn).
“With a $15.4 trn notional turnover on the Exchange, and 80% of the market share in global metal futures transactions, the LME maintains its leading position in the global metals market," said Martin Abbott, LME chief executive. “Our new contracts are also performing well as we...