LME announces Honorary Membership of David Warren
The London Metal Exchange (LME) confirmed today that Mr David Warren has been made an Honorary Member of the LME in recognition of his service to LME Group.
LME Clear
LME Clear selects State Street as Cash Investment Agent
State Street Corporation (NYSE:STT) has been selected by LME Clear Limited, the clearing house for the London Metal Exchange, as its cash investment agent.
LME Clear appoints Julie Carruthers as Interim Chair
LME Clear today announced the appointment of Julie Carruthers, current Senior Independent Director (SID) of the Board, as Interim Chair.
ESMA maintains recognition of LCH Limited as Tier 2 CCP and LME Clear Limited as Tier 1 CCP
ESMA determined that maintaining the recognition of LCH Limited as Tier 2 CCP and LME Clear Limited as Tier 1 CCP is appropriate.
LME Clear introduces triparty member margin collateral service
LME today confirmed the full business launch of LME Clear’s triparty member margin collateral service.
ESMA extends tiering and recognition of three UK-based CCPs
The three recognised UK CCPs are ICE Clear Europe Ltd, LCH Ltd (as Tier 2) and LME Clear Ltd (as Tier 1).
Sigma Broking to pay £70,000 fine for alleged breaches of LME Clear rules
LME has published a notice of a settlement between General Clearing Member, Sigma Broking Limited and LME Clear Limited.
LME Clear proposes to increase clearing members’ minimum net capital requirement
LME Clear proposes to increase clearing members’ minimum net capital requirement from US$10 million to US$30 million.
LME Clear appoints Claire Chapman as Non-Exec Director
LME Clear announces the appointment of Claire Chapman as Independent Non-Executive Director of the Board.
LME Clear announces management changes
LME Clear has announced the appointments of Chris Jones as Chief Operating Officer (COO) and Matt Wade as Chief Risk Officer (CRO).
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