London Metal Exchange approves Bank of Montreal as member
Published by Global Banking & Finance Review®
Posted on January 14, 2025
1 min readLast updated: January 27, 2026

Published by Global Banking & Finance Review®
Posted on January 14, 2025
1 min readLast updated: January 27, 2026

The London Metal Exchange has approved Bank of Montreal as a Category 2 member, allowing it to trade electronically and via telephone in the industrial metals market.
LONDON (Reuters) - The London Metal Exchange (LME) has approved Bank of Montreal (BMO) as a category 2 member, the exchange said on Tuesday.
The LME, the world's oldest and largest market for industrial metals, said it would issue another notice about when BMO would start trading and clearing on the LME.
Category 2 members can issue LME contracts, trade on the electronic LMEselect system and the telephone market, but cannot trade on the open-outcry floor, which is reserved for category 1 members.
BMO is over 200 years old and the eighth largest bank in North America by assets, according to its website.
The LME is owned by Hong Kong Exchanges and Clearing Ltd.
(Reporting by Eric Onstad, Editing by Louise Heavens)
The article discusses Bank of Montreal's approval as a Category 2 member of the London Metal Exchange.
Category 2 members can issue LME contracts and trade on the electronic LMEselect system and via telephone.
The London Metal Exchange is owned by Hong Kong Exchanges and Clearing Ltd.
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