LME says it will trade yuan-denominated contracts in Hong Kong

11/20/2013 | Reuters

The London Metal Exchange says it plans to roll out futures contracts denominated in yuan. LME, which was bought by Hong Kong Exchanges and Clearing, will trade the derivatives on the HKEx platform. "As a metal exchange, we have a foot in London and a foot in Hong Kong. It's a good place for us," said Garry Jones, LME's chief executive.

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