Hong Kong Exchanges and Clearing Limited (00388) senior advisor advocates for LME market to accelerate reform and promote cross-listing of contracts.
He proposed that LME should actively explore opportunities for cross-listing contracts on other exchanges to increase market liquidity and accessibility. In addition, LME also needs to consider further expanding its international business footprint.
According to media reports, HKEX (00388) senior advisor Alphie Bagrie stated that the subsidiary London Metal Exchange (LME) and its users will need to take "unsettling" measures in order to modernize more quickly. Bagrie made the remarks at LME's annual dinner, emphasizing the importance of modernization for the long-term future. He suggested that LME and its users should consider taking "controversial" measures to ensure profitability. He proposed that LME should actively explore opportunities for contracts to be cross-listed on other exchanges to increase market liquidity and accessibility. Additionally, LME should consider expanding its international business footprint further.
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