gata.org / By Jan Harvey and Peter Hobson via Reuters / October 10, 2017
LONDON — The London Metal Exchange expects three more clearing members to join its precious metals contracts by year-end and is looking to expand trading around its gold and silver reference prices, Chief Executive Matthew Chamberlain told Reuters on Tuesday.
Adding further clearing members is a top priority for the exchange as it looks to expand volumes on LME precious, the suite of gold and silver spot and futures it launched in July, Chamberlain said.
“We have three clearing members who are in the testing environment now,” he said. “They have done all their documentation and are now configuring their systems to be ready to go. I’ll be very disappointed if those three weren’t publicly announced and publicly trading in the next couple of months.” …
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