CME aluminum contract to focus on liquidity

Oct 10, 2013 | 12:57 PM | Claire Hack

Tags  CME Group, aluminum futures contract, Harriet Hunnable, aluminum, London Metal Exchange, LME, Claire Hack

LONDON — CME Group Inc.’s planned physically delivered aluminum contract will rely on getting the specification right and driving liquidity for the contract, managing director of metals products Harriet Hunnable told AMM sister publication Metal Bulletin.

"The CME is very good at driving liquidity around new markets. We’ve already brought in liquidity around iron ore contracts and around small, 1,000-ounce silver contracts," she said.

"We will make sure we have investments to bring it through (on aluminum). The key thing is getting the contract specs right and the warehousing set up."....

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