INTERVIEW: LME could offer Sword system externally, ceo says

The London Metal Exchange is looking at ways to globalise its warehouse process and could offer its Sword system externally, its ceo Garry Jones told Metal Bulletin in an interview.

Jones said the exchange has been approached by a number of financial market participants who have said are looking for a secure and standardised process for recording their ownership of products. The LME uses the Sword system to record the ownership of LME warrants. "We are looking, with technology providers, to extend Sword to offer it to other people – even competitors, exchanges or spot markets, all alternatives – because we think that would help the...

Published

Andrea Hotter

March 13, 2015

19:08 GMT

Boca Raton, Florida