Cinnober’s clearing technology wins the technical battle at LME
Cinnober and TRADExpress RealTime Clearing selected in competition with 20 technology vendorsThe London Metal Exchange (LME) has today announced the appointment of Cinnober as LME’s technology provider for their new clearinghouse, LME Clear. In December 2011, following an extensive feasibility study, the LME announced that the exchange had taken the decision to pursue self-clearing. The initial phase of the implementation program has included a tender process with more than 20 technology providers. Selecting the right one has involved a thorough process including a design study and