LME delays launch date for minor metals

The contracts' launch was originally intended to coincide with the launch of clearing house LCH.Clearnet's multi asset derivatives clearing system Synapse, which will clear the new LME products. However, delays to Synapse mean the LME has now opted to set a firm date for the minor metals contracts, and is redeveloping the contracts for clearing using the existing matching and clearing system (MCS). LCH.Clearnet says that the Synapse platform will go live by the end of September 2009 but will not