Trend towards in-house clearing could increase fees and admin
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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