Metal Bulletin journalists round up the key themes and topics discussed at the sixth annual London Metal Exchange Asia Week held in Hong Kong on May 14-18.
1. The London Metal Exchange does not have revenue projections for over-the-counter (OTC) booking fees, chief executive officer Matthew Chamberlain said. "Overall, we have said that we hope to recover [the revenue lost from discounted fees] with a combination of volume growth, OTC booking fees and our new product initiatives," Chamberlain said. He added that OTC fees will not make up for entire revenue loss from discounted fees. But sources said they expect a "reasonable" amount to be raised by the fees. "The OTC booking fee will raise reasonable [revenue] for the LME," a senior broker told Metal Bulletin. 2. The LME has shelved its idea of developing a dealer-to-client platform, following the results of last year's discussion paper. "We got the very strong message that our members already provide the right set of connections and there was very little demand from the market," Chamberlain told delegates. 3. Helping China...