London Metal Exchange (LME) announces that Optiver has been approved today as a member of Class 4.
Class 4 members can exchange for their own account and on behalf of customers and use the services of a Class 1 or 2 member to clean their transactions.
Opiver is a global market manufacturer founded in Amsterdam, which provides liquidity to financial markets using its own trade capital for a wide range of products, including the agents offered, shares, ETFs, bonds and foreign coins.
In addition, John Rothstein, Coo of Optiver, recently joined the LME user committee, while Ed Sternberg, head of Optiver’s metal trading, joined the LME options committee.
Matthew Chamberlain, LME’s chief executive, said:
“We are pleased to welcome Optiver as a member, and already an established LME market participant, their participation will undoubtedly lead to additional liquidity in our market and, with their recognized power in the choices, this is a powerful approval of our plans for the development of electronic choices in the market.
“I am also really grateful that John Rothstein and Ed Sternberg bring their extensive experience to our committees, adding to the deep tank of the industry that we can draw.”