SINGAPORE (Reuters) - CME Group
CME is one of four bourses on a shortlist of bidders for the London Metal Exchange, and the newspaper said CME's plan may be an alternative option in case it does not win the bid for LME.
CME has operated a clearing house in London since last year, but because of the group's wide product range, "we would have to consider what we would do on the (exchange-traded) futures side, so we would need to have an exchange (in London)", the newspaper quoted William Knottenbelt as saying.
CME's main rival, InterContinental Exchange (ICE)
Apart from CME, those shortlisted for the LME bid are ICE, NYSE Euronext
The four exchanges are looking at LME operations in the city ahead of a May 7 deadline to make offers in the second bidding round of a process the 135-year-old bourse kicked off last September.
(Writing by Manolo Serapio Jr.; Editing by Sugita Katyal)