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Regulation
London Metal Exchange Sent Junior Staff on Night Shift, Now Must Pay FCA Over £9 Million Fine
2025-03-20T12:15:50.131+02:00
The regulator FCA fined LME £9.2 million for inadequate systems during extreme nickel price volatility in March 2022.
The price has more than doubled to over $100,000, with most of the rise occurring in a little over an hour.
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Institutional FX
Sucden Financial Expands in Europe with New Hamburg Office Focused on LME Contracts
2025-01-07T13:25:17.911+02:00
The new Hamburg office is licensed by BaFin and is a Category 4 Member of the LME.
The team will initially focus on LME contracts for clients in Germany and the EU.
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Exchanges
LME Issues Discussion Paper on Development of Electronic Options Market
2020-07-01T16:41:32.000+02:00
The exchange proposes to move from a “volatility quoted format” to a “premium quoted format”.
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Executive Moves
Former LME Head of Sales Paul MacGregor Joins Perfect Channel
2020-03-23T17:13:50.000+02:00
He moves to the fintech firm in early March 2020.
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Exchanges
Trading Technologies to Provide Front-End for LME
2020-02-04T15:30:59.000+02:00
Trading Technologies front end will replace LME’s current GUI in 2021.
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Celeste Skinner
Executive Moves
Gay Huey Evans to Replace Sir Brian Bender as LME Chairman
2019-05-10T09:57:15.000+02:00
Evans will assume the role at the end of the year after Bender retires.
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Execution
INTL FCStone Emphasizing Metals Product Offering in New Expansion
2018-08-02T12:05:18.000+02:00
A total of eight hires were made to the metals team to spur a new expansion and emphasis on user experience
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Technology
Beeks Adds London Metal Exchange as New Liquidity Venue
2018-07-09T12:24:10.000+02:00
The announcement comes one month after the firm was granted access to Interxion's London data centre
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Technology
Tullett Prebon Rolls Out tpMATCH Matching System to LME Members
2017-10-25T19:04:29.000+02:00
Tullett Prebon will open its algorithmic matching system, tpMATCH, to LME’s 41 category 1 and 2 members.
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Executive Moves
Trading Places: Institutional Venues See Uptick in Hires
2016-12-25T10:59:31.000+02:00
Catch up on the latest executive moves from around the financial services industry.
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Executive Moves
LME Clear Names James Proudlock as Deputy Chief Executive
2016-12-22T19:41:41.000+02:00
James joins from JP Morgan Securities PLC, where he has held a number of leadership positions.
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Aziz Abdel-Qader
Exchanges
HKEx Posts Solid Trading Metrics as LME Reports Bump in Volumes
2016-12-20T15:26:55.000+02:00
RMB Currency Futures also achieved a steadfast level of growth, broadly higher than the extent of overall volumes.
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Exchanges
Clash of the Titans: Venues Vying for Control of London Gold Market
2016-12-16T20:49:07.000+02:00
The London gold market is undergoing a shift, with several exchange groups entering the market.
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Exchanges
LME, World Gold Council to Launch LMEprecious
2016-08-09T09:52:45.000+02:00
LME and the World Gold Council are set to introduce a suite of exchange-traded and centrally-cleared precious metals products.
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Execution
Metalprodex Looking to Offer Physical Metals Delivery on LME
2016-07-25T22:09:25.000+02:00
Metalprodex is also setting its sights on the London Metal Exchange for its service offering.
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Jeff Patterson
Exchanges
LME Trading Resumes Despite Technical Delays During Asian Session
2016-07-22T08:34:28.000+02:00
After a four-hour technical outage at the LME, trading has resumed after connectivity issues plagued the exchange.
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Exchanges
Marex Steers Growth Away From LME Following Fee Hikes
2016-06-13T09:39:09.000+02:00
The commodities broker is looking to boost its base metals business in response to increased LME trading fees.
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Exchanges
HKEx Announces Plans for Industrial User Base for China Metals Hub
2016-06-09T10:54:37.000+02:00
The bourse’s plan to develop the industrial user base is welcomed after continued attempts to break into China.
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Exchanges
Ex-LME Boss Contemplates Rival Metals Exchange
2016-06-07T19:56:08.000+02:00
Martin Abbott, the former chief executive of the London Metal Exchange, is considering setting up a competing trading platform.
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Executive Moves
Sucden Financial Adds Barry Gershon To Its LME Team
2016-05-12T12:11:09.000+02:00
In his new role, Barry Gershon will help enhance Sucden Financial’s international strong metals presence.
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Executive Moves
Sucden Financial Welcomes Back Chris Adams to its LME Trading Team
2016-03-10T19:15:48.000+02:00
Sucden Financial has welcomed back one of its former trading mavens, Chris Adams, who rejoins its LME trading team.
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Exchanges
LME Denounces EU Regulation as Damaging to the Market and Traders
2015-10-13T19:53:50.000+02:00
The commodities trading venue says that Europe's 'one-size-fits-all' approach won’t fit the metals market.
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Prime Brokerage
R.J. O'Brien Limited Goes Live on London Metal Exchange as Clearing Member
2015-08-19T15:31:02.000+02:00
The announcement follows on the heels of a July 23 regulatory approval as a Category 2 clearing member on the LME.
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Exchanges
LME Clear Accepts Collateral Payments in Offshore Renminbi
2015-07-28T21:47:54.000+02:00
In another sign that the Chinese currency is internationalising, the London clearing house embraces CNH cash collateral payments.
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Andy Traveller
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Exchanges
London Metal Exchange On-boards First Korean Broker Dealer Sorin
2015-02-11T21:05:36.000+02:00
Global commodities exchange LME enhances its position with the signing of Sorin Corporation from Korea.
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Next
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