Hong Kong-based GH Financials has applied for Category four LME membership
Electronic market-maker Jump has been
approved to become a member of the London Metal Exchange amid
concerns from some clients that the historic exchange is
opening up to electronic traders too rapidly.
Jump Trading Futures, founded by traders
Bill DiSomma and Paul Gurinas in 1999, was approved for
membership on the London Metals Exchange on Monday, after
applying to become a category three member on June 6.
Third tier, or associate trade clearing
members, can clear their own business, but are not permitted to
issue client contracts or trade in the exchange’s
open outcry ring.
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