Trend towards in-house clearing could increase fees and admin

LME considering taking clearing business in house

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 head of metal sales at BNP Paribas in London, in reference to the IntercontinentalExchange, which

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