Question
London Metal Exchange is owned by which one of the
following?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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