New Enroll in RBI Grade B New Batch - Starts on May 21

    Question

    London Metal Exchange is owned by which one of the

    following?
    A Tokyo Stoke Exchange Correct Answer Incorrect Answer
    B Hong Kong Stock Exchange Correct Answer Incorrect Answer
    C Toronto Stoke Exchange Correct Answer Incorrect Answer
    D Korea Exchange Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    The London Metal Exchange (LME) is the futures exchange with the world's largest market in options and future contracts on base and other metals. As the LME offers contracts with daily expiry dates of up to three months from trade date, weekly contracts to six months, and monthly contracts up to 123 months it also allows for cash trading. Since 2012 it has been owned by Hong Kong Exchange and clearing , after LME's shareholders voted in July 2012 to approve the sale of the exchange for a price of £1.4 billion.

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