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LME approves Jeffries Bache as ring-dealing member
August 21, 2012 / 3:47 PM / 5 years ago

LME approves Jeffries Bache as ring-dealing member

LONDON, Aug 21 (Reuters) - The London Metal Exchange (LME) has approved U.S. investment bank Jeffries Bache as a Category 1, or ring-dealing member, the exchange said on Tuesday.

Jeffries Bache had been a Category 2 member of the LME. Category 1 members are entitled to trade in the open-outcry ring, electronic LMESelect and the telephone market.

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