LME courts Baltic in bid to form new exchange
by
Steve Matthews, London
—
last modified
Feb 26, 2010 04:09 PM
THE LONDON Metal Exchange (LME) has written to the Baltic Exchange with a controversial proposal that the two companies establish a joint venture exchange 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 cooperation with all freight market participants”.
The exchange would have regulated...
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