Trend towards in-house clearing could increase fees and admin
The LME is the latest exchange considering whether to build its own clearing business. If the trend continues, banks could face more fees and administration
The London Metals Exchange (LME) has commenced discussions on the possibility of creating its own clearing house, in a move away from its current clearer, LCH.Clearnet, according to an LME spokesperson. The move signifies an emerging trend as more exchanges take their clearing business in-house.
"There is already a trend among exchanges to operate their own clearing houses," says Mikko Rusi, EMEA
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