london: In fact, before this proposal, as early as 2012, after HKEX acquired the London Metal Exchange LME HKEX implemented business integration, rebuilt the London Metal Exchange Clear, and reformed the warehousing system, pricing system and risk disclosure system, according to Global Times China. On July 28, 2015, the LME said it would accept the yuan as a pledge for banks and brokers to trade on the platform. Together, the two would create an international trading platform connecting the global financial infrastructure, exchange groups and financial assets. The yuan became another pledge currency accepted by the LME after the US dollar, the euro, the pound sterling and the Japanese yen. Establishing a clearing link between the company and the London Metal Exchange and Settlement Agency. Meanwhile, in 2015, Hong Kong Futures Exchange Limited, Hong Kong Futures Settlement Limited, LME and London Metal Exchange Clear signed a memorandum of cooperation, intending to establish trading links between the Hong Kong Futures Exchange and LME, as well as futures settlement.
(news.financializer.com). As
reported in the news.
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