Under the LME's existing policy, clients can access data only through members or independent software vendors (ISVs).
The change, which will take effect on March 24, will allow members to pursue an expanded range of trading strategies, and will increase liquidity in LME's order book, officials say. Client orders will still have to pass through approved ISVs or LME members before connecting to the trading platform.
James talks about his trip to Chicago and some of the interesting topics that came up (including a look at disaster recovery demands). Then Anthony and James touch on ISDA's initial margin rules, with Phase 3 going live next year.Subscribe to Weekly Wrap emails