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LCH.Clearnet to clear for HKMEx
Hong Kong Mercantile Exchange (HKMEx) has recruited clearing house LCH.Clearnet to provide a clearing service for its participants, subject to regulatory approval.
According to Roger Liddell, chief executive of LCH.Clearnet, the move should help develop commodities markets in the region: "HKMEx has the potential to be a key turning point in the development of commodities trading in Asia," he says.
LCH.Clearnet provides clearing for the London Metal Exchange (LME) and the New York Stock Exchange's Liffe platform.
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