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Martin Abbott, the former chief executive of the London Metal Exchange (LME), which was bought by rival Hong Kong Exchanges and Clearing four years ago, is said to be considering setting up a rival trading platform.
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Abbott, who left the LME in 2013, a year after the world’s largest metals bourse was taken over, is reported to be holding talks with brokers and trading firms about establishing a rival exchange based in London.
He allegedly said: “There ... (read more)