CME Group is aiming to boost its clearing service for over-the-counter (OTC) base metals products in the U.K., Reuters reports. CME seeks to provide capital efficiencies between OTC metals markets and listed metals, building on the base metals business it already has.
Currently, the listed models clear in the U.S. with regards to the OTC metals, said Kim Taylor, managing director and president of CME Clearing. The London Metal Exchange (LME) is also mulling on setting up its own clearing system.
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