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)