EXCHANGE - LME approves Jump Trading as Cat 3 member

Ewa Mantheyewa.manthey@fastmarkets.comCorrespondent+44 (0) 20 7337 2146

London 13/06/2016 - The London Metal Exchange (LME) has approved Jump Trading Futures LLC as category 3 member, the exchange said on Monday.

The Chicago, Illinois-based high-frequency trading (HFT) firm is part of a growing number of algorithmic traders seeking access to the LMESelect platform.

As part of the LME's five-tier membership programme, category 3 members are not authorised to trade in the ring but are a member of the clearing house and are authorised to clear exchange contracts. However, they are not authorised to issue client contracts.

(Editing by Tom Jennemann)

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