Regulation through transparency

diarmuid o'hegarty

For any exchange to succeed, its users, and those who rely on it, need to have confidence that it provides a safe and stable environment in which to operate, and that its trading systems do not, in themselves, create risk.

In the case of the LME, it is also imperative that market participants have confidence that the prices 'discovered' at the exchange are an accurate representation of real-world activity.

Over the years, the regulatory framework within which the LME operates has changed, and