London Metal Exchange Signs Memorandum Of Understanding With Shanghai Futures Exchange

The London Metal Exchange (LME) and the Shanghai Futures Exchange (SHFE) yesterday signed a Memorandum of Understanding (MOU) to pursue joint business development initiatives in commodities products, the first such agreement between SHFE and a European exchange. Under the agreement, the Exchanges will discuss a variety of initiatives, including future product development, mutual sharing of information and assistance with the understanding of market regulation and compliance issues.

Commenting today, LME chief executive Simon Heale said, “We value our relationship with the Shanghai Futures Exchange and we admire their achievements. I am delighted, therefore, that we are today signing an MOU which confirms the strength of this relationship and gives us the opportunity of working together and progressing how best we can co-operate to provide a good service to our customers. This is an important step forward for both organisations”.