LME To Replace OM with Cinnober System

Exchange Technologies

LONDON—The London Metal Exchange (LME) has begun replacing a two-year-old OM-based system with a customized platform from Cinnober, and has started internal testing of a new version of its LME Select trading system.

For its internal tests, LME will install a preliminary version of Cinnober’s Java-based system, says Cinnober sales and marketing manager Peter Fredriksson, based in Stockholm, Sweden. Cinnober conducted a design study in December last year for the exchange and began development of

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