LME engages global collaboration to improve its ESG data platform LeapRate

October 10, 2023 BY Elizabeth Anderson

LME engages global collaboration to improve its ESG data platform

Known as LMEpassport, the platform in question is the digital information register that details the sustainability of metals traded on this exchange. To date, it lists 466 disclosures from 219 brands, including copper, aluminium, zinc, and lead. Don’t miss out the latest news, subscribe to LeapRate’s newsletter In 2021, when LMEpassport launched, it contained only…

March 11, 2021 BY Steffy Bogdanova

Avelacom to provide low latency connectivity to the London Metal Exchange

With the new partnership, trading firms using Avelacom’s network, firms benefit from low latencies between LME and other global commodity markets, connecting to market data and executing trades for all instruments across multiple commodity markets via a single cross-connect established at Interxion, the LME’s primary data centre. Aleksey Larichev, CEO of Avelacom said: Avelacom’s network…

October 05, 2018 BY Valentina Kirilova

LME proposes requirements for the responsible sourcing of metal in listed brands

The London Metal Exchange (LME) has published a position paper detailing new proposed requirements for listed brands regarding the responsible sourcing of metals, which align with the principles set out by the Organisation for Economic Co-operation and Development’s (OECD) “Due Diligence Guidance for Responsible Supply Chains of Minerals from Conflict-Affected and High-Risk Areas” (Guidance). LME…

INTL FCStone opens its know-risk platform to broader market

July 17, 2018 BY Valentina Kirilova

INTL FCStone Ltd becomes member of LMEprecious service

INTL FCStone Inc. (NASDAQ: INTL) has announced that its London-based subsidiary, INTL FCStone Ltd, is one of the first general clearing members to join the London Metal Exchange's (LME) newly created LMEprecious service, following its launch last year. The LME, along with the World Gold Council and a group of industry participants, created LMEprecious to…

July 17, 2018 BY Valentina Kirilova

McKay Brothers reduces latency on UK metals data

McKay Brothers International (MBI) announced that it has reduced latency on the select London Metal Exchange (LME) data it redistributes via the wireless Quincy Extreme Data (QED) service. The reduction reflects MBI’s adoption of the new LMEsource multicast feed and the deployment of FPGA feed handlers. The median improvement from these changes is 400 microseconds,…

June 05, 2017 BY LeapRate Staff

LME competitor NFEx Markets to launch in 2018 as electronic trading platform for metals

The Financial Times is reporting that former LME CEO Martin Abbott is part of a five person founding board of NFEx Markets, which aims to compete with the London Metals Exchange (LME). NFEx Markets will reportedly run on a system designed by London-based tech provider Autilla, with a target to launch in the first quarter…

May 09, 2017 BY Valentina Kirilova

HKEX launching Qianhai commodity trading platform with LME hookup

Hong Kong Exchanges and Clearing Limited (HKEX) unveils its Qianhai commodity trading platform this week - a move that it hopes will firmly establish its presence in mainland China, Reuters reported earlier today. As the metals industry meets for LMEWeek Asia in the Chinese territory, the focus will be on the Hong Kong bourse's latest…

April 21, 2017 BY Valentina Kirilova

HKEX and LME announce new LME Chief Executive and leadership structure

Hong Kong Exchanges and Clearing Limited (HKEX) and the London Metal Exchange (LME), a wholly-owned subsidiary of HKEX, announced the appointment of Matthew Chamberlain as Chief Executive of the LME effective immediately subject to the approval of the Financial Conduct Authority (FCA) of the UK. Mr Chamberlain will remain on the LME Board and will…

January 23, 2017 BY Valentina Kirilova

London Metal Exchange Chief Executive Garry Jones retires

Hong Kong Exchanges and Clearing Limited (HKEX), The London Metal Exchange (LME) and LME Clear (LMEC) (wholly-owned subsidiaries of HKEX) just announced that Garry Jones, the LME’s Chief Executive and an executive director of the LME and LMEC, is retiring from all his positions within the HKEX Group, including his positions at the LME and…

January 09, 2017 BY Valentina Kirilova

HKEX announces new record highs in 2016 Market Statistics

Just a few days after Hong Kong Exchanges and Clearing Limited (HKEX) announced that USD/CNH futures volume rose to all-time high, the exchange published a set of market statistics for the full year of 2016. The year saw an outstanding performance in Hong Kong’s derivatives market with a number of new records set. Total turnover…

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