LME Hasn't Served Notice On LCH.CLearnet Yet - Document
17 Maggio 2012 - 10:08AM
Dow Jones News
The London Metal Exchange hasn't served notice on London
clearing house LCH.Clearnet, its current clearing provider, and
won't do so until and unless the LME board gives final approval for
the exchange to develop its own in-house clearing project, the LME
chairman said in a document seen by Dow Jones Newswires
Thursday.
In a statement to shareholders in the LME's 2011 accounts, Brian
Bender said that the building of a clearing house is seen as
approximately a two-year project from the beginning of phase
one.
By Andrea Hotter, Dow Jones Newswires; +44 (0)20 7842 9413;
andrea.hotter@dowjones.com
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