If the proposed changes to the London Metal Exchange's margin methodology go ahead, it would be a "disaster" for the provision of credit to clients by its brokers, according to the acting managing director for Minmetals (UK).
Liangmin Gu said that a change would have a "huge" effect on the metals trading company, and would increase costs and reduce the LME's competitiveness against its peers in the metals trading world."This provision has proven to...