The Hong Kong Futures Exchange and the London Metal Exchange announced a reciprocal membership arrangement. Subject to approval of this plan by the HK Securities and Futures Commission, a member at one exchange would not have to pay application charges or their first year’s annual subscription fees to become a member of the other exchange. This arrangement is being adopted to encourage participation by existing LME members in new Asia commodities being offered by HKFE beginning December 1.
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HKFE and LME offer reciprocal membership arrangement
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