LME works to launch self-clearing platform

05/15/2013 | Reuters · Wall Street Journal, The · Bloomberg

Trades on the London Metal Exchange are currently cleared by LCH.Clearnet, but the exchange is working to launch its self-clearing platform, called LMEClear. Meanwhile, LCH.Clearnet is raising its fees for LME contracts. Also, Oleg Mukhamedshin, deputy-CEO of United Co. Rusal, said LME should offer more information about the holdings of traders to improve metals-market analysis.

View Full Article in:

Reuters · Wall Street Journal, The · Bloomberg

Published in Brief: