London Metal Exchange (LME) said on Thursday that it had agreed to Optiver as a 4 -category member.
Optiver was founded in Amsterdam, a global market maker company that provides liquidity for financial markets using its own capital to trade a group of products, including derivatives, cash shares, traded investment funds, bonds and foreign currencies.
In addition to its membership, Optiver Management has taken two floors in LME governance.
John Rothstein, Executive Officer of the Operations of the company, joined the LME user committee, while Ed Sternburg, head of minerals circulation, joined the current options committee.
“We are pleased to welcome Optiver as a member. While participating in the LEME market is already in force, their membership will undoubtedly lead to additional liquidity in our market, and the joy of its recognized power in the options, this is a strong support for our plans to develop electronic options in the mineral market from one of the market players The pioneer.
“I am really grateful because John Rothstein and Ed Sternberg brought their extensive experience to our committees, adding to the deep group of knowledge of the industry that we can benefit from.”
LME said it would issue another notice that confirms when Optiver will start trading.
The 4 Series 4 members can trade for their own account, on behalf of customers, using a 1 or 2 member to a member to scan their trading.