The London Metal Exchange said it had completed a major upgrade to its electronic trading platform called LMEselect with partner Cinnober to handle increased volumes – trading to date is up more than 20% compared to last year’s record volumes.
A takeover of the the LME, which handles some 80% of global trade in metals futures, appears to be in the offing as it gears up to compete against Asian metal trading hubs.
See http://www.mining.com/2011/12/06/lme-upgrades-electronic-platform-as-trading-volumes-surge/