Also Read | How hunger came back to haunt IndiaAlthough large brokerage companies want a presence in Shanghai, its trading volume remains very low compared with London, by far the bigger sister in the relationship.London has historically dominated exchanges.The London Metal Exchange (LME), which was founded in 1877, proclaims itself the "world centre" for industrial metals trading, especially non-ferrous metals such as copper, alminium, lead and zinc.The LME, a subsidiary since 2012 of the HKEX -- owner of the Hong Kong Stock Exchange -- has significant technical advantages to retain its pre-eminence.They include a network of warehouses around the world as well as a degree of liquidity and flexibility that its superior size provides.It also.
Read more on livemint.com