“We look forward to exploring extending the connectivity with Qianhai Mercantile Exchange (QME) and LME in order to fully capture the potential upside of China’s internationalisation.”
In order to encourage participation from LME members and their clients with the launch of the new USD London Metal Mini Futures, Hong Kong Futures Exchange Limited (HKFE) is also pleased to announce the reintroduction of a reciprocal membership arrangement (RMA) in conjunction with LME. Under this reciprocal arrangement, the LME and HKFE will waive their respective first year’s annual subscription and application processing fees for new applicants who already hold a membership or participantship at either one of the Exchanges.
The reintroduction of RMA is aligned with HKEX’s strategy for developing its commodities business, including the launch of USD Minis and other commodities products that may have synergies with the LME products. Details of the RMA are available in this circular.