Trevor Spanner speaks to FOW on the first anniversary of LME Clear's launch
The chief executive of the London Metal
Exchange’s clearing house said he will target the
over-the-counter metals market and Asia next year after
delivering a raft of new services in November.
Speaking on the first anniversary of LME
Clear’s launch, its chief executive Trevor Spanner
told FOW: "We are looking to develop more OTC services to allow
members to clear more of their OTC products. These products
fall outside of the current European clearing mandate but we
feel that OTC clearing of metals is compelling from a risk
point of view."
LME Clear has focused in its first year on
the vanilla futures contracts traded on the LME exchange but
will look in 2016 to increase its coverage to enable members to
clear their more complex over-the-counter products.
This article is available exclusively to subscribers
Please log in to continue reading.
Not yet a subscriber?
Click here to take a free trial.
Already have an account? |
Please fill in your details below and a customer service representative will contact you.