19 August 2017
visit www.avoka.com

London Metal Exchange updates systems for Emir

12 December 2013  |  838 views  |  0 Source: London Metal Exchange (LME)

The London Metal Exchange (LME) has successfully delivered the systems modifications necessary to support its members and clearing house in response to the European Market Infrastructure Regulation (EMIR) requirements.

The on-schedule delivery of the technology changes means that LME members can make necessary modifications to their own systems in advance of EMIR coming into force.

"We are pleased that the changes were successfully implemented on schedule," said Robin Paine, Chief Technology Officer at the LME. "This delivery is testament to effective collaboration between the LME, its partners and the regulators. We will continue to work closely with members, the clearing house and ISVs to support member readiness over the coming months to the benefit of all market participants."

The LME's core member matching and warrant delivery management systems, LMEsmart and LMEsword are now ready to accommodate EMIR, and LME members are now able to make arrangements to operate multiple segregated accounts at the clearing house.

Comments: (0)

Comment on this story (membership required)

Related company news

 

Related blogs

Create a blog about this story (membership required)
visit www.dorsum.euvisit www.worldpaymentsreport.comdownload the paper now

Top topics

Most viewed Most shared
Mobile contactless spending accelerating in UKMobile contactless spending accelerating i...
8891 views comments | 23 tweets | 23 linkedin
Norwegian banks and startups form fintech clusterNorwegian banks and startups form fintech...
7789 views comments | 19 tweets | 23 linkedin
RBS to bring Silicon Valley to EdinburghRBS to bring Silicon Valley to Edinburgh
7125 views comments | 10 tweets | 7 linkedin
hands typing furiouslyWhy Blockchain Might Not Be The Future For...
6415 views 1 | 5 tweets | 3 linkedin
Apple sidelined as Beijing transit system launches payments appApple sidelined as Beijing transit system...
6279 views comments | 11 tweets | 9 linkedin