Published On: Thu, Nov 27th, 2014

LME Approves China Merchants Securities As Category 2 Member

Garry Jones London Metal Exchange CEO -

Garry Jones London Metal Exchange CEO –

The London Metal Exchange (LME) has approved China Merchants Securities (UK) Limited (CMS) for category 2, associate broker clearing membership. CMS was also approved as a member of LME Clear, the LME’s new clearing house.

“We welcome CMS to the LME and look forward to extending our user base further in the Asia region,” said Garry Jones, chief executive of the LME.

“LME Clear is delighted to approve CMS as a new member as we further strengthen our presence in the global clearing space,” said Trevor Spanner, LME Clear chief executive.

CMS is the LME’s third Chinese-owned clearing member. GF Financial Markets (UK) Limited was approved as a category 1 member in January 2014 and BOCI Global Commodities (UK) Limited became a category 2 member in April 2012.

A member notice will be issued to confirm the date that CMS will commence trading and clearing.

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