London Metal Exchange: Optiver Approved as a Category 4 Member

Founded in Amsterdam, Optiver is a global market maker that provides liquidity to financial markets using its own capital to trade a range of products, including listed derivatives, cash equities, ETFs, bonds and foreign currencies.

In addition to its membership, Optiver management has taken on two roles within LME governance. 

John Rothstein, the company’s chief operating officer, has joined the LME’s User Committee, while Ed Sternberg, head of metals trading, has joined its Traded Options Committee.

LME chief executive Matthew Chamberlain said: “We are delighted to welcome Optiver as a member. While already an established LME market participant, their membership will no doubt lead to additional liquidity in our market and, with their recognised strength in options, this is a strong endorsement of our plans to develop electronic options in the metals market from a leading market player.

“I’m also really grateful that John Rothstein and Ed Sternberg are bringing their extensive experience to our committees, adding to the deep pool of industry knowledge that we can draw upon.”

The LME said it will issue a further notice confirming when Optiver will commence trading.

Category 4 members can trade for their own account and on behalf of clients, using a Category 1 or 2 member to clear their trades.