LME Approves GF Financial Markets As Category 1 Member - Lee Kee Group And Vitol S.A As Category 5 Members

The London Metal Exchange (LME) has approved GF Financial Markets (UK) Limited for category 1, Ring dealing membership. GF Financial Markets will be the LME’s first Chinese-owned Ring dealing member company. 

Lee Kee Group and Vitol S.A have also been approved as category 5 associate trade members with immediate effect. 

“We welcome GF Financial Markets to the Ring and look forward to expanding our client base further, particularly in the Asia region,” said Garry Jones, chief executive of the LME. “Our growing membership shows confidence in our markets and a growing interest in risk management from the global metals industry.” 

A further notice will be issued to confirm the date that GF Financial Markets will commence trading and clearing. 

Background

• 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 the clearing house.
• Category 5 members or associate trade members have no trading right except as clients.