The goal is to attract new members and boost volumes while the exchange branches further out into ferrous and precious metals and considers plans for additional new contracts in the future.
For some time, members have complained about the process for trading B shares, which are required for the first four categories of LME membership. They argue that a third-party facility for B shares trading would add transparency to a process that has become inefficient and complex over the past several years.
Until 2014, JP Morgan Cazenove operated a matched bargain share dealing service, which allowed interested buyers and sellers of B shares to trade through the broker.
If shares could not be bought from existing...