Hong Kong Exchanges and Clearing Limited (HKEx) and the London Metal Exchange (LME) hosted a seminar in Tokyo on Wednesday to update participants on the LME’s markets.
The theme of the seminar was the metals marketplace.
The event included a speech by HKEx’s global markets co-head and LME chief executive Garry Jones on the evolution of the LME, as well as three panel discussions. There were also speeches by Tatsuya Terazawa, a director-general of the Ministry of Economy, Trade and Industry of Japan (METI), and Takamichi Hamada, executive vice president and chief operating officer of the Tokyo Commodity Exchange (TOCOM). Key topics discussed included issues critical to the LME's markets such as financial investors in a wholesale market and influence of other markets on a regional metals market.
About 190 guests representing over 70 companies attended the seminar.
“Japan’s economy is the world’s third largest and Japanese investors have been key participants in the LME market for decades,” says Jones. “We were delighted to see so many of our stakeholders today and to meet potential business partners. We would like to keep users informed of our products and services and how trading on the LME can benefit their businesses. We welcomed this opportunity to hear more from the industry so we can continue to improve and better serve the community.”