The London Metal Exchange will remain based in London no matter what the outcome of further Brexit negotiations, chief executive officer Matthew Chamberlain confirmed.
Speaking at the LME update forum on Monday April 23, Chamberlain said: "I can happily say we are staying in London. Members are looking for clarity and now we can give it to them." The LME explained that it is planning to apply for individual trading licenses in each country and apply for qualifying central counterparty ("QCCP") status for LME Clear. "Brexit is of course still...