LME needs transparency: economist
Nov 01, 2013 | 04:00 PM
| Michael Cowden
CHICAGO The London Metal Exchange should be more transparent as it aims to trim long queues for aluminum at warehouses in Detroit and the Netherlands, according to a former chief economist for the U.S. Commodity Futures Trading Commission (CFTC).
"I think one of the issues with that entire (aluminum futures) market in particular is there is not a lot of transparency," said Jeffrey Harris, who was the CFTCs chief economist from 2007 to 2010 and is now the Deans Chair of Finance at Syracuse University.
"Its a little bit different than the regular futures market where we are getting daily reports on whos long and whos short," Harris said during a presentation at a recent Metals Service Center Institute conference in Palm Beach, Fla.....
To access AMM's full content, please log in below. If you do not have an AMM account, we invite you to take a free trial or subscribe below.
Already a registered amm.com user?
Access to amm.com editorial content is granted only to paid subscribers and trialists. If you do not have an active account in your own name, please either subscribe or take a trial and you will have instant access to amm.com content. Sharing your login credentials with individuals who are not subscribers represents a violation of AMM copyright.
Every morning, every minute no matter how often you follow the markets, there's an AMM subscription to fit your needs.
Not sure if you are ready to invest in a subscription right now? Take a free, no-obligation trial. Start your free trial today.