JPM buying London Metals Exchange (LME)

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hedgehog
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JPM buying London Metals Exchange (LME)

Anybody else see that JPM plans to buy MF's former stake in LME?  As most members here know, there is a great deal of speculation that JPM's "influence" in the LME market is already quite nefarious.  Gee, now that they will be the largest single shareholder, I am certain (sarc) that the exchange will be promptly looking into suspect trading activities.

I welcome comments / insights of others that are educated on the matter.

http://www.bloomberg.com/news/2011-11-22/jpmorgan-said-to-near-deal-for-mf-global-s-stake-in-lme.html#

- Hedgehog

Edited by admin on 11/08/2014 - 06:02
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