FCA fines London Metal Exchange £9.2M
The FCA has fined LME £9.2 million for failing to ensure its systems and controls were adequate to deal with severe market stress.
LME
BMO to commence trading as LME Category 2 member
BMO will commence trading with effect from Monday 27 January 2025 as a Category 2 member of The London Metal Exchange (LME).
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 approves Hong Kong as warehouse location
The London Metal Exchange (LME) has confirmed its approval of Hong Kong as an LME warehouse location.
LME welcomes BMO as Category 2 member
The London Metal Exchange (LME) has announced that BMO was today approved as a Category 2 member.
Sucden Financial Hamburg to commence trading as Category 4 member of LME on Jan 2, 2025
Sucden Financial Hamburg GmbH will commence trading with effect from January 2, 2025 as a Category 4 member of LME.
Clear Street launches in the UK following FCA approval, joins LME
Clear Street has been approved as the latest ‘Category 1’ member of the London Metal Exchange (LME).
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 imposes £40k fine on Marex Financial
The London Metal Exchange (LME) has posted a notice of a settlement between LME and Marex Financial (MFL) which includes a financial penalty of £40,000.
LME appoints Robert Arbuthnott as Chief Financial and Administrative Officer
LME and LME Clear today announced the appointment of Robert Arbuthnott as Group Chief Financial and Administrative Officer.
