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LME May Launch Clearing House

The London Metal Exchange is mulling on setting up its own clearing house.

The London Metal Exchange (LME) is mulling on setting up its own clearing house. The exchange will soon start talks with the shareholders, members and other stakeholders.

With the move, LME will be able to gain control over the launch of new products, adds Financial Times. Currently, it depends on LCH.Clearnet for clearing new products. LME will also be able to internalize clearing revenues that currently accrue to LCH.Clearnet.

Click here for the release from London Metal Exchange.

Click here for additional coverage from Financial Times.

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