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Commodities Briefing - Categorized | Commodities Exchanges, Market Moves more

LME considers forming own clearing house

Posted on 04 May 2011

The London Metal Exchange is considering building its own clearing system to boost earnings, it said on Tuesday, but European clearing house LCH.Clearnet said it was still best placed to serve the market.

“The LME is giving serious consideration to the possibility of building its own clearing house… we have reached the point at which deeper examination of the issues requires some discussion in the public arena,” the LME said in a notice to members……………………………………….Full Article: Source


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