LME Clear went live on Monday after a three year implementation project
LME Clear, the London-based clearing house that went live on
Monday, is already in talks with other trading venues about the
possibility of clearing on their behalf, according to chief
executive Trevor Spanner.
LME Clear went live at 9.30 on Monday when 43 LME members
moved more than 2 million positions in 11 underlying metals
contracts from LCH.Clearnet, the LME’s former
clearer, to LME Clear.
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