The consolidation of global exchanges enters a new phase. After a series of mergers and acquisitions between stock exchanges (NASDAQ-OMX, NYSE-Euronext, LSE-Borsa Italiana, etc.), operators of stock exchanges have decided to start its expansion in the area, trading in commodities. According to sources, Reuters and The Wall Street Journal, the fourth largest stock exchange and the LSE is one of the largest exchanges Asia - Singapore - are in talks about filing a joint application for the world's largest exchange for trading non-ferrous metals and steel - the London Metal Exchange.
Traded on the LME futures contracts for the supply of aluminum, cobalt, copper, zinc, molybdenum and steel. In addition, LME provides technical assistance to the London Stock Exchange in precious metals, which is the world's largest exchange for trading contracts for gold, silver and other precious metals. The annual turnover of contracts on the LME was $ 11.6 trillion.
Earlier this week, LME, which this year because of volatility in the stock market registers record turnover of contracts on non-ferrous metals, reported that its interest in buying at least nine companies. Officially, the applicants were not called, but the market is circulating about that, apart from the LSE and SGX are American IntercontinentalExchange and the Chicago raw materials exchange, futures exchange Eurex, owned by Deutsche Borse and the Swiss Exchange, as well as Hong Kong Raw Materials Exchange. However, according to Western media, the most active are the LSE and SGX, which, according to analysts, due to the fact that recently they have tried to expand its influence through M & A, but these attempts were unsuccessful. In February, LSE has made an offer to buy the Toronto Stock Exchange for $ 3.1 billion, but shareholders did not approve the latest deal. In October last year, SGX has applied to buy the Australian Stock Exchange for $ 8.3 billion, but in April the Australian government blocked the deal.
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