LME will not be ‘Asia-based’ after sale: Abbott

Oct 16, 2012 | 12:04 PM | Claire Hack

Tags  LME, HKEx, London Metal Exchange, Hong Kong Exchanges & Clearing, Martin Abbott, Claire Hack

LONDON — London Metal Exchange chief executive officer Martin Abbott has reassured market participants that the exchange will not be "Asia-based and -focused" as Hong Kong Exchanges & Clearing Ltd. (HKEx) moves closer to completing its acquisition of the LME.

"Our success is based on our penetration into markets across the globe," Abbott told delegates during LME Week in London. "(The acquisition) will not in any way distract us from giving our full attention to customers from the rest of the world. We will continue to be present around the world and we will continue to design initiatives to deliver in the global industry."....

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