The London Metal Exchange (LME) has approved global market maker Optiver as a Category 4 member, giving the firm greater trading access to the exchange’s metals market.

Optiver Joins LME Membership

Founded in Amsterdam, Optiver provides liquidity across listed derivatives, cash equities, ETFs, bonds, and foreign currencies. As a Category 4 member, it can trade on its own account and for clients, while using a Category 1 or 2 member for clearing. The LME will confirm the date when Optiver starts trading.

Optiver’s Chief Operating Officer, John Rothstein, has joined the LME’s User Committee, while Ed Sternberg, Head of Metals Trading, has joined the Traded Options Committee. LME CEO Matthew Chamberlain said the membership is expected to add liquidity to the market.

Focus on Options Market Growth

The LME is developing its electronic options offering to modernise the metals market. Optiver’s experience in global options trading is expected to support this initiative and attract more participants to the exchange.

Expect ongoing updates as this story evolves.

Source: Finance Magnates