After much anticipation and debate, the International Energy Exchange's bonded copper futures contract launched on Thursday November 19 to some fanfare and respectable volume.
A total of 8,344 lots traded on the INE's 'BC' contract on Thursday, following up with another 4,893 on Friday, the majority for delivery in March.The contract's launch means Shanghai, which already has a dominant contract for copper inside of China on the Shanghai Futures Exchange, is now set to both complement and compete with London and Chicago as a hub for international futures trade in copper, of which China is by far the...