4 days ago
Electronic-Trading Specialist Optiver Joins LME in Metals Push
Electronic market maker Optiver Holding BV is joining the London Metal Exchange, offering a vote of confidence in the 148-year-old exchange's efforts to modernize in the wake of the 2022 nickel crisis.
The Dutch options-trading specialist — which applied for non-clearing membership of the LME on Thursday — will initially focus on options in aluminum and copper, which are the most liquid markets on the LME, executives said in an interview. It will hedge its exposure in the LME's main futures contracts, and may make markets there eventually too.
