LME proposes joint venture with Baltic Exchange
by
Steve Matthews - Lloyd's List
—
last modified
Feb 22, 2010 12:05 PM
The London Metal Exchange has written to the Baltic Exchange with a controversial proposal that the two companies establish a joint venture to trade forward freight agreements.
The LME has proposed the creation of a new regulated exchange to “bring transparency, efficiency and a robust technology platform to the dry bulk FFA market, in collaboration and co-operation with all freight market participants”.
The exchange would have regulated investment...
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