London-based clearing house testing new service in September and October
The London Metal Exchange’s
(LME) clearing house, LME Clear, said it will launch in
November its new trade compression service after winning
Tuesday approval from the Bank of England to offer the
Trevor Spanner, chief executive of LME
Clear, told FOW the service will launch in November after the
exchange conducts member testing throughout September and
The exchange’s new service
will allow members to reduce the notional value of their
positions and simplify portfolio management, the British
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