LME eyes Asian growth while dealing with regulation
Under chief executive Garry Jones, the London Metal Exchange is eagerly pursuing Asian growth. But the exchange is also spending much of its time dealing with the consequences of stricter regulation in more mature markets
Garry Jones, chief executive of the London Metal Exchange (LME), likes to talk about the opportunities presented by China's rapid economic growth. China is set to have more middle class people than the European Union by 2020, he points out, people that will bolster its demand for capital and commodities.
The LME now has a sizeable amount of resources aimed at developing its business in China, he says, reflecting the country's huge importance to the base metals market. In November last year, the
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