CFTC defers LME application for access

The US Commodity Futures Trading Commission (CFTC) has deferred an application by the London Metal Exchange Limited to allow US traders to directly access their electronic trading platform, citing concerns about the LME’s warehousing system for metals.

"We want to make sure that there are no artificial issues affecting trade other than supply and demand," CFTC director of public affairs Steven Adamske told Metal Bulletin sister publication AMM. The LME was informed of the deferment via a letter dated March 24, Adamske confirmed. The CFTC...


This article was first published by AMM

April 13, 2015

00:47 GMT

New York