London Metal Exchange is being courted as a possible acquisition target, according to its CEO, Martin Abbott. Which major financial institution now owns a 9.5 percent stake in the exchange?

October 3, 2011 Bonus Bucks Answer to Question 2

Question:

London Metal Exchange is being courted as a possible acquisition target, according to its CEO, Martin Abbott. Which major financial institution now owns a 9.5 percent stake in the exchange?

Answer:

A. Goldman Sachs

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This site is for entertainment purposes only. I am not a financial advisor. No information found on this site should be construed as financial advice. CFTC RULE 4.41: HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT BEEN EXECUTED, THE RESULTS MAY HAVE UNDER-OR-OVER COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFIT OR LOSSES SIMILAR TO THOSE THAT MAY BE SHOWN.

London Metal Exchange is being courted as a possible acquisition target, according to its CEO, Martin Abbott. Which major financial institution now owns a 9.5 percent stake in the exchange?

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October 2011