The London Metal Exchange is partnering with the digital metals trading platform Metalshub to establish a spot trading platform and marketplace, the exchange said.
Initially focused on base metals, the platform will be run by Metalshub and will exist in parallel with the LME's existing derivative contracts and trading mechanisms. Users of the spot trading platform will be directed to the Metalshub site, with the LME partnering to bring in contracts and users, in addition to marketing aid.The exchange said it plans to consult with its industrial user groups globally over the coming months in order to...