Britannia Global Markets Gets LME Nod for Category 2 Membership

The London Metal Exchange (LME), part of Hong Kong Stock Exchange (HKEX), has issued a notice saying that it has approved the application for Category 2 membership filed by Britannia Global Markets Limited (Britannia), a UK broker offering Futures, Options, Energy, Base Metals, Bullion, Forex and Equities. 

The new membership took effect on 14 January 2021. Becoming a Category 2 member means the UK brokerage firm is now permitted to trade LME contracts in the telephone market and on LMEselect and issue client contracts. Additionally, LME Category 2 members are clearing members of the LME Clear. As a clearing member, Britannia is allowed to clear trades on its own behalf and on behalf of its customers.

Britannia is an all-encompassing brokerage company regulated by the Financial Conduct Authority (FCA). It has offered dealing services in derivatives since 1986. In addition to the Category 2 membership of LME, Britannia is also a member of the Dubai Gold & Commodity Exchange (DGCX), London Stock Exchange, and FIA Europe.