The London Metal Exchange's strategic pathway is on track with numerous new developments expected to come to the market over the next few years.
When the strategic pathway vision was launched in September 2017, it highlighted a number of areas that the LME wanted to develop or expand, and new contracts that it wanted to present to the market. "When we first launched the strategic pathway we were well aware it was a four- or five-year plan. But now, in the second quarter of 2018, we can firmly say that we are on track and doing well," said Matthew Chamberlain, chief executive officer of the LME. As LME Asia Week approaches, it is the perfect time to look at the developments which will aid the Asian markets. For example, LMEselect, the exchange's electronic trading platform, has already created broader access to the market outside of London. The member-to-member trading system has tradable hours from 01.00-19.00, Monday-Friday (London Time) and can be accessed by category one and two members of the exchange. In early 2019,...