The London Metal Exchange is setting its sights on Asian retail investors with the launch of dollar-denominated mini contracts for six base metals in the coming months, CEO Matthew Chamberlain said on Tuesday.
"We actually see pretty good volumes on our main contract in Asian trading hours, but ... if you're an Asian investor, you have to really work hard to get your business to London, to get your business to our main market in those Asian trading hours," Chamberlain said on CNBC's"It's really the guys who truly care about metal that are trading there.
The new offerings come five years after a similar product did not take off on the Singapore Exchange and as mini metals contracts tradable in London saw no volumes last year. SGX launched mini metals contracts in 2011, but wound them down in 2014 after they failed to gain traction. Chamberlain, however, said he was confident there was ample liquidity already available from Asian investors on the LME to support the new mini contracts in Hong Kong.
इंडिया ताज़ा खबर, इंडिया मुख्य बातें
Similar News:आप इससे मिलती-जुलती खबरें भी पढ़ सकते हैं जिन्हें हमने अन्य समाचार स्रोतों से एकत्र किया है।
Asian markets plunge as U.S.-China trade deal appears in jeopardyAsian stock markets plunged in early trading Monday as trade negotiations between the U.S. and China appeared to be on the verge of collapse.
और पढो »
Asian shares trade sideways as investors await fresh cuesAsian markets marked time on Thursday with two major centers - Japan and China -...
और पढो »
Artist-Activist Taz Ahmed Is Creating Spaces for the South Asian, Muslim Community'I wasn't seeing the stories in the public sphere that I needed to see to make me feel whole, so I created them,' Taz Ahmed, artist-activist, said. - NBCAsianAmerica
और पढो »
An Asian Pacific American Heritage Month reading list: FictionIn honor of Asian Pacific American Heritage Month, we’re taking a look at some of the best recent books written by Asian Americans and Pacific Islanders.
और पढो »
Los Angeles Asian Pacific Film Festival spotlights female filmmakers, Margaret Cho and moreAsian American and Asian international filmmakers get the spotlight at the 35th Los Angeles Asian Pacific Film Festival. Among the highlights: A tribute to the Margaret Cho sitcom 'All-American Girl' and the groundbreaking, female-empowerment, portmanteau film 'Vai.'
और पढो »
In Fast-Moving Asian Markets, Businesses Get An Edge From Autonomous DatabaseCompanies ranging from fintech to property management to retail met recently at Oracle OpenWorld Asia in Singapore, to discuss their experiences with Oracle Autonomous Database.
और पढो »
After 50 years of 'Asian American,' advocates say the term is 'more essential than ever''As Asian Americans, we have to work together to fight for social justice and equality, not only for ourselves, but for all of the people around us,” Daryl Maeda said, a professor of Asian American studies.
और पढो »