GF Futures set to expand beyond London by joining CME
GF Futures has become the first Chinese broker to become a fully fledged member of the London Metal Exchange – and now it’s turning its attention to the US market
Xiao Cheng, chairman of GF Futures, describes the acquisition of Natixis Commodity Markets (NCM) from its parent French bank last year, which made it the first Chinese firm to gain category-one membership at the London Metal Exchange (LME), as "a bold and lucky marriage". But instead of going on an extended honeymoon, the Chinese firm is looking to expand further – and the US is firmly in its sights.
The Guangdong-based futures broker is planning to increase its presence by seeking settlement
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