The London Metal Exchange (LME) is pleased to announce that Clear Street UK has today been approved as a Category 1, Ring-dealing member.
Clear Street UK is a subsidiary of Clear Street, a US financial technology and services group.
Matthew Chamberlain, LME CEO, said: “We are delighted to welcome Clear Street to the LME. The arrival of a new member of the calibre of Clear Street demonstrates the LME’s ability to provide a dynamic marketplace for industrial metals and our place at the centre of global metals trading.”
The LME will issue a further notice to confirm when Clear Street will commence trading and clearing.
Notes to editors
- Category 1 or Ring-dealing members are entitled to trade in the Ring, LMEselect and the telephone market. Ring-dealing members can issue LME contracts – buying and selling material for their clients. They are also members of LME Clear.
- A full list of LME members can be found on our website.
- Clear Street is a US financial technology and services group built on a proprietary, cloud-native clearing platform. Led by Wall Street veterans from firms including CBOE, ED&F Man, Goldman Sachs, Morgan Stanley and others, the group is backed by PrysmCapital, NextGen Venture Partners, IMC Investments, Walleye Capital, Belvedere, NEAR Foundation, McLaren Strategic Ventures, and Validus Growth Investors.
Contact us
For further information or to speak to an LME spokesperson, please contact:
Miriam Heywood
+44 (0)7554 667 846
Joseph Eyre
+44 (0)7740 413 234