Broker Sucden Financial wants to clear LME metals trades in offshore yuan
By Pratima Desai and Tom DalyThe London Metal Exchange should allow its members to clear trades in offshore yuan because the Chinese currency is becoming important for Asian trade flows, Marc Bailey, CEO of broker Sucden Financial, told Reuters.Along with Hong Kong and Singapore, London is a major…
By Pratima Desai and Tom DalyThe London Metal Exchange should allow its members to clear trades in offshore yuan because the Chinese currency is becoming important for Asian trade flows, Marc Bailey, CEO of broker Sucden Financial, told Reuters.Along with Hong Kong and Singapore, London is a major…
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