LMEwire is operated by LME Clear and is the core platform used for EMIR transaction and position reporting, the service allows LME Clear to submit trades to the elected Trade Repository, DTCC. These will be LME Exchange Traded Derivatives (ETD’s), OTC Lite Trades and Non LME ETD trades.
LMEwire processes and enriches the data from LMEsmart and reports the required data to the Trade Repository on a T+1 basis. OTC Lite is an additional reporting service allowing firms to report their Over The Counter (OTC) derivatives transactions that are reportable under EMIR to the Global Trade Repository.
The LMEwire service also provides a Members Portal for Members to submit their OTC Lite or Non LME ETD csv files as well as any amended files for LME ETD, OTC Lite or Non LME ETD.