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In other categories one associate broker member (ABM) and four associate trade members (ATM) have notified the Exchange that they wish to take the financial settlement proposed. At present there are 7 ABMs and 45 ATMs.
Commenting on the announcement today, The Lord Bagri CBE, the chairman of the LME, said: "Without prejudging the outcome of the vote on restructuring, the response we have seen to the prospect of taking shares in a new shareholder owned entity appears to be an expression of great confidence in the way we are moving forward.
"This matches very clearly the responses the chief executive, David King, and I found in our discussions with every category of LME member following the consultation document we issued in June. It is very clear that our members see us moving confidently in a proactive way to take up the opportunities of a changing competitive environment.
"The LME is going through one of the most stimulating and exciting periods in its long history at the moment. Aside from the work on restructuring, we are now entering the final straight in deciding on which of two world leading technology companies will develop our screen based trading system.
David King, chief executive of the LME, added: " Today the two companies shortlisted to become our supplier of a screen based trading system will complete and submit their final evaluation. We anticipate comprehensive documents that will require very thorough analysis for us to prepare for presentations to the board. That work, of course is high priority and will be completed early next week.
" I expect that the board will be able to come to a conclusion shortly. That decision will not be easy, as there is no doubt that both companies are capable of providing an outstanding system for the LME."
