LCH.Clearnet increases LME trade fees, shocking brokers
May 17, 2013 | 11:58 AM
| Mark Burton
LONDON LCH.Clearnet has increased the registration fee for London Metal Exchange trades to 15 pence per lot (23 cents) from 5 pence (8 cents), it announced May 15.
The hike in fees at the clearinghouse comes as it "continues to make significant investments to finance increasing risk capital, achieve regulatory compliance and provide enhanced risk-management services," the clearinghouse said in a notice to members.
"LCH has said it has incurred an awful lot of cost associated with regulation and reckons it has about 18 months to recoup it, before LME Clear (the LMEs clearinghouse) is launched," a source at a major brokerage firm said.....
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