London Metal Exchange (LME) officials are seriously considering closing their 144-year-old open outcry futures trading floor, dubbed the Ring, but it’s unclear if this action is a sign that other outcry trading venues will follow suit. The Ring has been shut down for the past 10-plus months by the pandemic lockdown, and in that time,… Read More >>
LME Clarifies Executive Leadership Team
LME Interim CEO Becomes Permanent Matthew Chamberlain, the interim CEO for the London Metal Exchange (LME) since January, has been appointed to the post on a permanent basis, subject to the approval of the Financial Conduct Authority (FCA) a U.K. regulator, officials say. The LME leadership changes are intended to help the LME “strengthen and… Read More >>
Brexit Could Put U.K. Clearinghouses in Limbo
The Brexit wars are heating up in the U.K. as the European Referendum draws closer but it is still too early to call the outcome. In the meantime, President Obama lent support to the remain or stay-in campaign during his recent visit to the U.K. But the leave party is doing its level best to… Read More >>
R.J. O’Brien Becomes LME Member
Futures brokerage and clearing firm R.J. O’Brien & Associates (RJO) has announced that its London-based affiliate R.J. O’Brien Ltd. has been approved as a clearing member of the London Metal Exchange (LME), officials say. “Joining the London Metal Exchange as a Category 2 member is the latest in a series of long-term growth initiatives for… Read More >>
SS&C Has a New SVP for Outsourcing as Former LSE CTO Takes Same Post at LME
SS&C Taps PwC for Outsourcing SVP SS&C Technologies has hired Timothy Reilly, former assurance partner for international accounting firm PwC, to be its senior vice president of institutional outsourcing for its institutional services division, say officials at the financial services software vendor.Reilly will oversee SS&C’s institutional outsourcing division and lead efforts to enhance its presence… Read More >>
