EXCHANGE - Software group Sinara to develop new LME matching system

Kathleen Retournekathleen.retourne@fastmarkets.comJoint News Editor - Europe+44 (0) 20 7337 2144

London 06/07/2016 - The London Metal Exchange (LME) has chosen software and exchange IT specialist company Sinara Consultants to develop its new matching system.

As part of its plans to upgrade its core systems to meet MiFID II requirements, the LME will deploy a new and more flexible matching system to replace LMEsmart. This will integrate with the LME's trading and clearing systems.

"The LME continuously invests in infrastructure and technology to ensure we provide the optimum level of service for our markets," Stuart Sloan, chief operating officer and head of strategy at the LME, said.

(Editing by Mark Shaw)

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