December 15, 2016 / 3:46 PM / a year ago

LME will not cut trading fees next year

LONDON, Dec 15 (Reuters) - The London Metal Exchange (LME) will not cut trading and clearing fees next year, it said on Thursday, despite criticism that high fees were driving business away from the exchange.

The exchange, the world’s oldest and largest market for industrial metals, made one concession, however, saying it would waive a usage licence fee for physical market participants.

The LME is owned by Hong Kong Exchanges and Clearing Ltd. . (Reporting by Eric Onstad; Editing by Susan Fenton)

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