LME Upgrade Nets Data Changes

The London Metal Exchange has changed the way it displays and distributes market data, to be organized by price level rather than per-order level, with all outright and carry orders displayed at a per-price level, with the total bid and ask volume at each price level, and to stream real-time market data into spreadsheets, as a result of rolling out a new version of its Cinnober-developed LMEselect trading platform. At the same time, LME has launched a proximity hosting facility to reduce latency

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The Cusip lawsuit: A love story

With possibly three years before the semblance of a verdict is reached in the ongoing class action lawsuit against Cusip Global Services and its affiliates, Reb wonders what exactly is so captivating about the ordeal.

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