By Pratima Desai | LONDON The London Metal Exchange is expected to cut trading fees within months after two years of complaints but might only do so for a trial period of up to six months to see if volumes that moved to over-the-counter markets return to the exchange, sources said. A 31 percent average fee hike in January 2015 is cited by metal industry sources as a major reason behind tumbling LME volumes. Three metal industry sources said cutting the fees would be the result of a discussion paper on market structure launched by the exchange in April. Responses are due by the end of June. The LME said it would be inappropriate to second guess the outcomes of the discussion paper when asked about any move to cut fees, but said that it would take “the necessary steps to protect and grow the market”. Fee cuts will be targeted at carry trades — buying and selling for random dates that don’t match contract dates — where volumes have been hit the worst. “We’ve been told there’s a 180-degree turn coming on carry fees. It’s classic textbook, you have a new chief executive who kitchen sinks the numbers and
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