Avelacom to provide low latency connectivity to the London Metal Exchange LeapRate

March 11, 2021 BY Steffy Bogdanova

Avelacom to provide low latency connectivity to the London Metal Exchange

With the new partnership, trading firms using Avelacom’s network, firms benefit from low latencies between LME and other global commodity markets, connecting to market data and executing trades for all instruments across multiple commodity markets via a single cross-connect established at Interxion, the LME’s primary data centre. Aleksey Larichev, CEO of Avelacom said: Avelacom’s network…

October 05, 2018 BY Valentina Kirilova

LME proposes requirements for the responsible sourcing of metal in listed brands

The London Metal Exchange (LME) has published a position paper detailing new proposed requirements for listed brands regarding the responsible sourcing of metals, which align with the principles set out by the Organisation for Economic Co-operation and Development’s (OECD) “Due Diligence Guidance for Responsible Supply Chains of Minerals from Conflict-Affected and High-Risk Areas” (Guidance). LME…

INTL FCStone opens its know-risk platform to broader market

July 17, 2018 BY Valentina Kirilova

INTL FCStone Ltd becomes member of LMEprecious service

INTL FCStone Inc. (NASDAQ: INTL) has announced that its London-based subsidiary, INTL FCStone Ltd, is one of the first general clearing members to join the London Metal Exchange's (LME) newly created LMEprecious service, following its launch last year. The LME, along with the World Gold Council and a group of industry participants, created LMEprecious to…

July 17, 2018 BY Valentina Kirilova

McKay Brothers reduces latency on UK metals data

McKay Brothers International (MBI) announced that it has reduced latency on the select London Metal Exchange (LME) data it redistributes via the wireless Quincy Extreme Data (QED) service. The reduction reflects MBI’s adoption of the new LMEsource multicast feed and the deployment of FPGA feed handlers. The median improvement from these changes is 400 microseconds,…

October 30, 2017 BY Valentina Kirilova

LME announces strategic pathway delivery programme

The London Metal Exchange and LME Clear (together, the LME) today announced the delivery programme for their strategic pathway, including product launches, membership enhancements and new trading efficiencies. 2017: carry fee reductions; financial OTC booking fee consultation; tick size review H1 2018: introducing broker membership; B share initiatives; optional T2 booking model H2 2018: new…

May 09, 2017 BY Valentina Kirilova

HKEX launching Qianhai commodity trading platform with LME hookup

Hong Kong Exchanges and Clearing Limited (HKEX) unveils its Qianhai commodity trading platform this week - a move that it hopes will firmly establish its presence in mainland China, Reuters reported earlier today. As the metals industry meets for LMEWeek Asia in the Chinese territory, the focus will be on the Hong Kong bourse's latest…

April 21, 2017 BY Valentina Kirilova

HKEX and LME announce new LME Chief Executive and leadership structure

Hong Kong Exchanges and Clearing Limited (HKEX) and the London Metal Exchange (LME), a wholly-owned subsidiary of HKEX, announced the appointment of Matthew Chamberlain as Chief Executive of the LME effective immediately subject to the approval of the Financial Conduct Authority (FCA) of the UK. Mr Chamberlain will remain on the LME Board and will…

January 09, 2017 BY Valentina Kirilova

HKEX announces new record highs in 2016 Market Statistics

Just a few days after Hong Kong Exchanges and Clearing Limited (HKEX) announced that USD/CNH futures volume rose to all-time high, the exchange published a set of market statistics for the full year of 2016. The year saw an outstanding performance in Hong Kong’s derivatives market with a number of new records set. Total turnover…

August 09, 2016 BY Mike Fox

World Gold Council, LME and global banks to launch exchange-traded metals products

The World Gold Council and the London Metal Exchange (LME), together with Goldman Sachs, ICBC Standard Bank, Morgan Stanley, Natixis, OSTC and Societe Generale, today announce their intention to introduce a suite of exchange-traded and centrally-cleared precious metals products. The initiative has been driven by the need for greater market transparency, to support and aid…

May 04, 2016 BY Maria Nikolova

LME and LME Clear appoint Antony Stuart as independent non-exec director

The Boards of the London Metal Exchange (LME) and LME Clear on Tuesday announced the appointment of Antony Stuart as an independent non-executive director. Mr Stuart is a chartered accountant with 30 years of experience as an investment banker and corporate adviser. Before his retirement in 2011, he was Managing Director at NM Rothschild. Mr…

Tag: london metal exchange