The board of directors of The London Metal Exchange Limited (LME) has approved the membership application of Tullett Prebon (Europe) Limited to become an Associate Broker Clearing Member (‘category 2’) of the LME.
Associate Broker Clearing Members have the ability to issue and clear LME contracts. They operate through the 24 hour inter-office telephone market and also utilise the Exchange’s electronic trading platform, LMEselect, but are not permitted to trade in the Exchange’s open outcry trading floor, the Ring. They are members of LCH.Clearnet and are authorised by the Financial Services Authority.
