The London Metal Exchange has approved the Registered Intermediating Broker (RIB) Tier 2 membership of GFI Brokers and ICAP Energy, it said in a note to members on Friday May 24.
Both brokers will now be able to commence activity as RIBs, allowing them to register trades directly into the LME's matching system - known as LMEsmart - on behalf of clearing members or clients.London-based ICAP Energy is...