LME to Use Itiviti’s FIX-based Offerings London Metal Exchange (LME) will be automating its client onboarding process with the help of FIX protocol-based offerings from technology and service provider Itiviti, officials say. The exchange will use Itiviti’s FIX Conductor and VeriFIX Enterprise solutions for onboarding as part of the LME’s effort “to refresh its overall… Read More >>
Will the London Metal Exchange End Outcry Trading?
London Metal Exchange (LME) officials are seriously considering closing their 144-year-old open outcry futures trading floor, dubbed the Ring, but it’s unclear if this action is a sign that other outcry trading venues will follow suit. The Ring has been shut down for the past 10-plus months by the pandemic lockdown, and in that time,… Read More >>
MiFID II Dawns Amid Panic & Yawns
MiFID II came in with a whimper on January 3, 2018 instead of a bang thanks to the painstaking groundwork laid by banks and brokers. However, not everyone was as prepared as they should have been. According to a new report by voice recording specialists Red Box Recorders, 73 percent of IT Data Management (ITDM)… Read More >>
R.J. O’Brien Becomes LME Member
Futures brokerage and clearing firm R.J. O’Brien & Associates (RJO) has announced that its London-based affiliate R.J. O’Brien Ltd. has been approved as a clearing member of the London Metal Exchange (LME), officials say. “Joining the London Metal Exchange as a Category 2 member is the latest in a series of long-term growth initiatives for… Read More >>
Borsa İstanbul to Buy LME’s Stake in LCH.Clearnet
Turkish exchange Borsa İstanbul will acquire the London Metal Exchange’s stake in clearinghouse LCH.Clearnet, under an agreement that will also see Hong Kong Exchanges and Clearing (HKEx), LME’s parent company, partner with Borsa İstanbul on the dissemination of market data, according to an LME statement. “Under the terms of the agreements, the LME will license… Read More >>
