The London Metal Exchange (LME) has issued a notice approving the membership application of Britannia Global Markets Limited. The company will be a Category 2 member of LME.

Let’s note that Category 1 members of LME have the exclusive right to trade LME contracts by open outcry in the Ring, in the telephone market and on LMEselect and are entitled to issue client contracts to their clients. As clearing members, they are permitted to clear trades on their own behalf and on behalf of their clients and, as a result, must be members of LME Clear.

Category 2 members are clearing members and are permitted to trade LME contracts in the telephone market and on LMEselect and issue client contracts. As clearing members, they are permitted to clear trades on their behalf and on behalf of their customers and, as a result, must be members of LME Clear.

Britannia is a bespoke, all-encompassing, brokerage house that offers clients the ability to trade a multitude of markets worldwide. A member of the Dubai Gold and Commodities Exchange (DGCX), the London Stock Exchange, FIA Europe and a Category 4 Member of the London Metal Exchange (LME), Britannia offers Futures, Options, Bullion, Forex and Equities.

Clients may trade online through various platforms 24 hours a day or over the telephone from 6:30am until 9:15pm (London time). Online clients have access to Britannia’s dealing desk as a back-up service between these hours.