Xchanging has lost a £25 million per annum infrastructure servicing contract with the London Metal Exchange as the LME's new owners call time on a profitable eight-year relationship for the BPO provider.
TMX Atrium, provider of smarter infrastructure solutions for the financial community, today announced that the London Metal Exchange (LME) joined TMX Atrium's community to access multi-asset trading locations.
The London Metal Exchange (LME) has selected Citi, Bank of America Merrill Lynch and J.P. Morgan as key providers of financial infrastructure to LME Clear, its self-clearing platform.
The Board of The London Metal Exchange has approved the creation of the LME User Committee.
The NASDAQ OMX Group, Inc. (NDAQ) announced the launch of SMARTS Broker market surveillance solution for commodities trading on the London Metals Exchange (LME). The launch includes the go-live of two global broker-dealer customers, including the global multi-asset brokerage Newedge.
Hong Kong Exchanges and Clearing Limited (HKEx) and LME Holdings Limited (LME Holdings), the parent company of The London Metal Exchange Limited (LME), are pleased to announce that the acquisition of the entire issued ordinary share capital of LME Holdings by HKEx has completed today.
References are made to the announcements made on 15 June, 9 July, 25 July and 29 November 2012 (collectively the "Announcements") by the Board of Directors ("Board") of Hong Kong Exchanges and Clearing Limited ("HKEx") in connection with the terms of a recommended acquisition for cash of the entire issued ordinary share capital of LME Holdings Limited ("LMEH") by HKEx's indirect wholly-owned subsidiary, HKEx Investment (UK) Limited, by way of a scheme of arrangement and a capital reduction to be effected under the Companies Act.
An update as to the satisfaction of the Regulatory Condition for the recommended acquisition of the entire issued ordinary share capital of LME Holdings Limited, the parent company of The London Metal Exchange Limited, by HKEx Investment by way of a scheme of arrangement and a capital reduction, as announced by HKEx on 15 June 2012.
Turquoise today announces that Natan Tiefenbrun has been appointed as its new Chief Executive Officer. This follows confirmation that Adrian Farnham will be stepping down from the role as CEO of Turquoise to pursue opportunities outside of London Stock Exchange Group.
The London Metal Exchange (LME) is pleased to announce that Chris Jones has been appointed as the chief risk officer for LME Clear, marking an important step in the LME's self-clearing programme.
© Finextra Research 2013