Jones will leave his current position at the exchange and serve as an adviser until the end of this year, according to a statement from Hong Kong Exchanges & Clearing Ltd, which owns the London bourse.
LONDON METAL EXCHANGE Mining News
The LME’s previous attempt at trading gold lasted only three years .
Traders are momentarily based at a windowless disaster-recovery site in Chelmsford, east of London.
Martin Abbot says brokers are unhappy with the exchange's new fees as well as the sense that the LME is moving away from its traditional metals trading roots.
The LME, the world’s biggest metals bourse, has said for years that it wants to expand into London’s gold market.
The LME says its electronic solution for the platinum and palladium price — LMEbullion — could benefit gold bugs.
This is the first fee hike since Hong Kong Exchanges & Clearing Ltd. acquired LME for $2.2 billion in 2012.
Following a 19th century tradition traders today must sit on the red leather sofas arranged in a 20-foot diameter inner ring.
The world's biggest and oldest metals market is getting a makeover under new CEO.
Martin Pratt may replace Martin Abbott.
Martin Abbott agreed to stay in his current position until the end of this year.
I n early January 2009, Chilean President Michelle Bachelet announced a $4 billion plan to help Chile fight the global economic crisis and create as many as 100,000 jobs. The so-called "Anti-Crisis Plan" is based […]