LME Clear Taps Priyanka Malhotra as Head of Business Development

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 (LME) market, has appointed Priyanka Malhotra as its newest Head of Business Development, according to an LME Clear statement.

LME Clear is a relatively new construct, having been engineered and designed in consultation with the LME’s members and effectively christened on September 22, 2014. Despite being an emergent entrant to the clearing space, LME Clear has been fully EMIR-compliant since its launch.

In her new role as the head of business development at LME Clear, Ms. Malhotra will focus on product and relationship management. She will be reporting to the group’s CEO, Trevor Spanner, where she will officially begin her tenure on July 1, 2015. Furthermore, she will be joining LME Clear’s Executive Committee after the aforementioned date.

Ms. Malhotra joins LME Clear from the Bank of England (BoE), having held a number of leadership roles. Furthermore, she also has worked at the Financial Services Authority (FSA), JPMorgan Securities, and the International Monetary Fund, part of a highly decorated career.

“This is a fantastic hire for LME Clear. Priyanka’s strong experience, particularly in clearing and Regulation Regulation Like any other industry with a high net worth, the financial services industry is tightly regulated to help curb illicit behavior and manipulation. Each asset class has its own set of protocols put in place to combat their respective forms of abuse.In the foreign exchange space, regulation is assumed by authorities in multiple jurisdictions, though ultimately lacking a binding international order. Who are the Industry’s Leading Regulators?Regulators such as the UK’s Financial Conduct Authority ( Like any other industry with a high net worth, the financial services industry is tightly regulated to help curb illicit behavior and manipulation. Each asset class has its own set of protocols put in place to combat their respective forms of abuse.In the foreign exchange space, regulation is assumed by authorities in multiple jurisdictions, though ultimately lacking a binding international order. Who are the Industry’s Leading Regulators?Regulators such as the UK’s Financial Conduct Authority ( Read this Term, will be extremely valuable as we continue on our course of innovation and development in real-time clearing,” noted Trevor Spanner, CEO of LME Clear, in a recent statement on the hire.