Kynetix Unveils Trade Exception Software for New LME Clearing House
Kynetix, a vendor of data matching, reconciliation and exception management software, has unveiled new trade exception software for trades cleared by the London Metal Exchange's (LME) new clearing house, LME Clear, which is due to launch in September.
LME Clear will use a set of messaging standards based on the FIX protocol.
At the end of each day, Kynetix' new software will pick up trade information from LME members and use a high-performance matching engine to compare it with the records held
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