2005

Making a material difference

By Neil Banks of London Metal Exchange and Ian Berriman and Martin Pluves of PA Consulting Group

Exchanges face increasing demand from the market and the boardroom to launch new products in aggressive timescales.  Enabling an agile response requires a new approach.

FO World (Futures and Options World), January 2005

Introduction

Early in 2004, London Metal Exchange (LME) announced the intention to offer facilities for trading of two polymer plastics feature contracts, polypropylene and linear low-density polyethylene.  Over the last 127 years, LME has established a dominant position in the non-ferrous metals futures industry.  It could be argued that the decision to launch plastics on the exchange is a bold one and in many ways it is, however, while this is an innovative development at LME, it is not as radical as it may seem.

• The full article is available by downloading a PDF file (192Kb) using the link at top right

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