EXCHANGE - Jump Trading to start activity as Category Three member on June 20

Martin Hayesmartin.hayes@fastmarkets.com+44 (0) 20 7337 2148

London 16/06/2016 - The London Metal Exchange (LME) said on Thursday that its latest member, Jump Trading Futures LLC, will commence activity from the start of next week.

"(Jump) will commence trading and clearing with effect from Monday, June 20, 2016 as a Category Three member of the London Metal Exchange," it said in a notice.

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

As part of the LME's five-tier membership programme, category three 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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