State Street selected by LME Clear
12 March 2026 UK
Image: Nataliia_Trushchenko/stock.adobe.com
State Street Corporation has been chosen by LME Clear Limited, the clearing house for the London Metal Exchange, as its cash investment agent to service the central counterparty鈥檚 cash reinvestment activity.
Both firms have commenced activity with a global agency repo service, including agency trading, to support LME鈥檚 cash reinvestment activity and enhance LME Clear鈥檚 portfolio liquidity management.
State Street and LME Clear are also looking to integrate this service with other solutions, including the execution of repo transactions via sponsored member and peer-to-peer models.
Joseph Thompson, LME clear head of Treasury, notes: 鈥淓nsuring the safety and liquidity of our members鈥� cash is of paramount importance to us.
鈥淧artnering with State Street will add further resilience and flexibility to our existing front-to-back-office Treasury activities, supporting capital and liquidity preservation on behalf of our members.鈥�
Simon Nottage, EMEA head of financing solutions, State Street, adds: 鈥淲e are excited to be appointed by LME Clear and to begin a partnership with such an established participant of the financial markets both in the UK and globally. 鈥�
Both firms have commenced activity with a global agency repo service, including agency trading, to support LME鈥檚 cash reinvestment activity and enhance LME Clear鈥檚 portfolio liquidity management.
State Street and LME Clear are also looking to integrate this service with other solutions, including the execution of repo transactions via sponsored member and peer-to-peer models.
Joseph Thompson, LME clear head of Treasury, notes: 鈥淓nsuring the safety and liquidity of our members鈥� cash is of paramount importance to us.
鈥淧artnering with State Street will add further resilience and flexibility to our existing front-to-back-office Treasury activities, supporting capital and liquidity preservation on behalf of our members.鈥�
Simon Nottage, EMEA head of financing solutions, State Street, adds: 鈥淲e are excited to be appointed by LME Clear and to begin a partnership with such an established participant of the financial markets both in the UK and globally. 鈥�
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