Innovative new services launches LME Clear.
By Sums on Tuesday,
Clearing house for (LME) London market Metal Exchange, LME Clear. Recent LME Clear announced Innovative new services launches LME Clear that they the successful two new services: trade compression and the ability to post metals warrants as collateral.
LME Clear is the first clearinghouse to accept any orders as collateral. Now Market participants are able to put their documents property metals against their negotiating positions under the process of compensation, giving the LME market a new source of protection against risk.
About Innovative new services launches LME Clear that the new trade compression service allows members to reduce the value nominal of their simplify portfolio management and positions. It also allows them to make multiple trades that have compatible features in a single trade or reduce operations to a net zero position without alternative the risk profile of your portfolio.
About Innovative new services launches LME Clear, Trevor Spanner, CEO of LME Clear, said, “We are delighted to be offering these two new services. As a new clearing house, LME Clear is in a great position to innovate and keep pace with change, and the launch of these services shows LME Clear understands the unique and particular workings of our market.”
LME Clear is the first clearing house ever to accept warrants as collateral. Market participants are now able to place their metals ownership documents against their trading positions as part of the clearing process, giving the LME market a new source of protection against risk.
The launch of the new services was timed to coincide with an upgrade of LME Clear’s real-time clearing system, LME mercury, which completed successfully on 23 November.
Source: lme .