LME Clear Names James Proudlock as Deputy Chief Executive

LME Clear, the Clearing House Clearing House A clearing house is defined as an intermediary between two parties, a buyer and seller, which helps facilitate the overall process from trade inception to settlement. Clearing houses streamline the exchange of payments, securities, or derivatives transactions.The clearing house is situated between two clearing firms who also helps reduce the risk of either member firm failing to honor their respective trade settlement obligations.Buyers and sellers enter into legally binding agreements for the e A clearing house is defined as an intermediary between two parties, a buyer and seller, which helps facilitate the overall process from trade inception to settlement. Clearing houses streamline the exchange of payments, securities, or derivatives transactions.The clearing house is situated between two clearing firms who also helps reduce the risk of either member firm failing to honor their respective trade settlement obligations.Buyers and sellers enter into legally binding agreements for the e Read this Term for the London Metal Exchange Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv Read this Term (LME) market, has selected James Proudlock as Deputy Chief Executive and a member of the venue’s executive committee, according to a corporate announcement.

James joins from JP Morgan Securities PLC, where he has held a number of leadership positions, including as managing director and commodity product lead for futures and options. He brings broad industry expertise and a robust track record across the commodity spectrum in London, Hong Kong, Singapore and New Zealand.

In addition, Mr. Proudlock will join Matthew Chamberlain, LME's Chief Operating Officer to co-head business development across LME and LME Clear to ensure alignment of strategy and promote growth and innovation across all areas of business, including spearheading product development and bringing on new members.

Adrian Farnham, LME Clear Chief Executive, commented: “James brings a wealth of commodities experience and knowledge to LME Clear and will be of great value as we focus on helping our members and clients manage their commodity risks.”