The LME’s Ambitious Tech Revamp – Matt Chamberlain, LME
Listen to the story
Spencer Doar
Associate Editor
London Metal Exchange CEO Matt Chamberlain knows that the more than 150-year-old exchange has not been at the front of the pack when it comes to technology, but he also knows that gives it an opportunity to survey what other market participants have done in their markets. The exchange spent 2018 making some structural and technological tweaks but the big lift comes as LME rips out its interconnected “spaghetti” of technology and develops its next market data system using HKEX’s Orion platform as a base. (HKEX owns LME.) In this video from JLN’s Industry Leader Series, Chamberlain talks about straddling the line between being a monthly futures market and a daily forwards market all while building out this next iteration of exchange technology.
Produced by Mike Forrester
John Lothian Newsletter
Today's Newsletter
UK watchdog FCA snarls at EU criticism over derivatives; SEC opens debate on finding alternatives to IPOs
See also: Russia plans exchange for US-sanctioned companies to raise debt, Boris Johnson intensifies efforts to secure Brexit deal majority, and more.
We visit more than 100 websites daily for financial news (Would YOU do that?)
Now Watch This
The Weekend Update: October 14-18, 2019
JLN PRESS ROOM PICK OF THE WEEK “There Is Definite Hanky-Panky Going On”: The Fantastically Profitable Mystery of the Trump Chaos Trades In the last 10 minutes of trading at the Chicago Mercantile Exchange on Friday, September 13, someone got...
Risk of Big Rates Swings on Brexit Vote Is Options Trading Arena; Charles Schwab on no-commission trading: ‘Wall Street would have never done this’
See also: The Weekly Fix: Coming Full-Circle to a Mid-Cycle Adjustment; Wave and Vertalo start by tokenizing yield, with race horses and whiskey as long term possibilities, and more.
U.K. Financial Conduct Authority
The U.K. Financial Conduct Authority is disputing ESMA's assessment that its analysis and integration of EMIR data in its supervisory approach does not meet expectations. ESMA's peer review found that the UK financial watchdog had fallen behind its EU counterparts in...
G7
The Group of Seven (G7) released a report Thursday saying that stablecoins within proprietary systems like Libra ‘pose challenges for competition and antitrust policies,’ and should not be permitted to launch unless certain regulatory issues are addressed.
