London Metal Exchange (LME)
Aluminium canned
Aluminium prices hit a seven-year low in March. Is there any bullish news for the market? Roderick Bruce finds out
Forging a niche
Profile
LME updates plastics contracts
The London Metals Exchange (LME) has altered its plastics derivatives contracts so their terms are more like those of non-ferrous metals contracts listed on the exchange, such as aluminium.
LME to add new ferrous contracts and expand OTC clearing
The London Metals Exchange (LME) plans to launch futures in ferrous metals and offer over-the-counter (OTC) clearing this year, as part of a plan to attract new business.
Electronic trading resumes at CBOE
Electronic trading resumed on Monday on the Chicago Board Options Exchange (CBOE), after a technical fault caused its electronic platform to shut down on Friday morning (November 10).
LME mini contract launch postponed
The London Metal Exchange is postponing the launch of its new miniature copper, aluminium and zinc contracts for two weeks.
LME rolls back Select after upgrade fault
The London Metals Exchange will abandon an upgrade to its LME Select electronic trading system, after a fault disrupted trading several times this week.
BarCap adds industry name to plastics business
Barclays Capital has bolstered its plastics business with the appointment of David Paul as director of commodity sales in London. Paul joins from the New York based brokerage firm Refco, where he was global head of plastics futures trading.
Copper scandal prompts SRB to ban trading
China is to ban units within its State Reserves Bureau (SRB) from trading in equity, foreign exchange, corporate bonds and derivatives, according to newswire reports in Beijing.
Markit adds base metals to valuations tool
London-based Markit has added valuations for base metals derivatives traded in London to its Totem service. Until now, its commodity valuation service covered a range of energy contracts and precious metals.
Shanghai Futures Exchange signs MoU with Nymex
The Shanghai Futures Exchange (SHFE) has signed a memorandum of understanding (MoU) with the New York Mercantile Exchange (Nymex) to explore potential areas of cooperation for the mutual benefit of both exchanges.
Shanghai Futures Exchange signs MoU with LME
The Shanghai Futures Exchange (SHFE) signed a memorandum of understanding with the London Metal Exchange (LME) today.
LME delays introduction of plastic futures
The London Metal Exchange’s (LME) plans to introduce plastic futures in the third quarter this year have been delayed. The exchange now expects the contracts to start trading in the forth quarter.
LME lines up Axa's Brydon as new chairman
The London Metal Exchange (LME) has appointed Donald Brydon, chairman of Axa Investment Managers, as an independent, non-executive director.
ABN Amro makes global OTC oil and gas drive...
Dutch bank ABN Amro last month started to offer its clients oil and gas hedgingservices, as part of its financial markets business which incorporates debt capitalmarkets, structured lending and risk management activities.
Opportunity knocks for smelters
Aluminium manufacturers have long used sophisticated hedging and risk management techniques to protect against fluctuating metal prices, yet they have only recently looked at transferring these skills to power risk management. David Wilson reports
Fimat Futures bulks-up commodities business in Hong Kong
In anticipation of an activity surge in commodity derivatives trading by Hong Kong investors, the Hong Kong arm of international brokerage firm Fimat plans to establish a dedicated commodity trading desk by the end of the year, according to Emmanuel…
Sempra Energy Trading acquires Enron Metals
Sempra Energy Trading, the Connecticut-based gas, power and petroleum dealer, is to acquire Enron Metals in a $145 million cash deal.