The London Metal Exchange (LME) is launching seven new cash-settled futures cont...
LONDON - The London Metal Exchange is launching seven new cash-settled futures contracts on Monday, including hot-rolled coil steel, alumina and cobalt, aiming to attract more business after profits fell last year.
The steel and alumina contracts have the best chance of succeeding, according to analysts, traders and other industry sources. The exchange hopes to boost volumes to make up for weaker revenues last year resulting from fee cuts as it rowed back after heavy criticism about a previous jump in fees.
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