HKEX Senior Advisor Advocates for Accelerated LME Market Transformation and Cross-Listing Initiative
Stock News
Oct 15
HKEX (00388) senior advisor Apurv Bagri has stated that subsidiary London Metal Exchange (LME) and its users will need to implement "disturbing" measures to achieve modernization more rapidly. Speaking at LME's annual dinner, Bagri emphasized that modernization efforts are critical for the exchange's long-term sustainability, suggesting that LME and its users should contemplate "controversial" actions to ensure continued profitability.
He recommended that LME should actively pursue cross-listing opportunities for its contracts on other exchanges to enhance market liquidity and accessibility. Additionally, Bagri highlighted the need for LME to further expand its international business footprint as part of its strategic development.
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