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London Metal Exchange faces new challenge

Posted on 08 June 2016

If you want to understand why some members of the London Metal Exchange (LME) are so unhappy with the way things are going that they are considering forming their own metals-trading platform, look no further than the latest exchange notice to members.
Dated Monday, the LME said it has received an application for exchange membership from Jump Trading Futures LLC. If accepted as a Category 3 (”Associate Trade Clearing”) member, Jump Trading will be able to trade and clear its own business on the LME but won’t be able to issue client contracts or trade on the open-outcry ring………………………………………..Full Article: Source


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