LMEmercury is operated by LME Clear and is the core clearing platform.
Our revolutionary clearing system allows members to monitor and assess the risk they are taking on in real time, reducing risk for all participants in the global metals market. It is capable of clearing matched trades at a rate of more than 500 trades-per-second, calculating margins and prices in real time, and providing an always up-to-date view of market behaviours and risk factors.
The technology and processes that underpin LMEmercury have transformed the industry. LME Clear has taken technology more normally found in a high-volume, low-latency trading environments and applied it to the clearing business – transforming traditional end-of-day risk reporting into active, real-time risk management with robust systematic controls, alerts and monitoring. LMEmercury also uses an innovative traffic light system to show the collateral position of clearing members against their collateral requirement.
As a new entrant in the clearing space, LME Clear has been able to take an innovative and inclusive approach to clearing based on cutting-edge technology. The new clearing house was designed and built from the ground up in consultation with the LME’s members and in conjunction with technology partner Cinnober.
LMEmercury is a browser-delivered application providing real-time screens and reports. Users always have the latest information on display, with the ability to export data directly from the user interface or via the comprehensive reporting capabilities. LMEmercury stores all clearing-related information in a database designed to scale with the ambitions of LME Clear, architected for rapid data retrieval, large volumes and efficient storage.
Learn more about the technology delivering LME Clear