The London Metal Exchange (LME) is pleased to announce that Optiver has been approved as a Category 4 member.

Optiver is a global market maker founded in Amsterdam, that provides liquidity to financial markets using its own capital to trade a wide range of products including listed derivatives, cash equities, ETFs, bonds and foreign currencies.

In addition, John Rothstein, COO of Optiver, has recently joined the LME’s User Committee while Ed Sternberg, Optiver’s Head of Metals Trading, has joined the LME’s Traded Options Committee.

Matthew Chamberlain, LME CEO, said: “We are delighted to welcome Optiver as a member. While already an established LME market participant, their membership will no doubt lead to additional liquidity in our market and, with their recognised strength in options, this is a strong endorsement of our plans to develop electronic options in the metals market from a leading market player.

“I’m also really grateful that John Rothstein and Ed Sternberg are bringing their extensive experience to our committees, adding to the deep pool of industry knowledge that we can draw upon.”

The LME will issue a further notice to confirm when Optiver will commence trading.

Source: LME