LME Clear’s impact on the clearing industry

Blog - 2015.04.15

What new benchmarking role does the London Metal Exchange have for the global metal markets? Patrick L Young elaborates around the impacts of the launch of the clearinghouse, LME Clear

According to Patrick, LME “has transformed its way forward to be the market of the future.” With the increasing globalization of the metal business and a widening of the market to include more users, especially in China and India, LME needed a new generation clearing solution. From having never operated a clearinghouse in its life, the LME has now become an important benchmark for other markets with LME Clear’s new open standards of real-time risk and clearing.

Previous video interviews with Patrick are also available: 

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