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    Home > Finance > London Metal Exchange approves Bank of Montreal as member
    Finance

    London Metal Exchange approves Bank of Montreal as member

    Published by Global Banking & Finance Review®

    Posted on January 14, 2025

    1 min read

    Last updated: January 27, 2026

    This image illustrates the London Metal Exchange's approval of Bank of Montreal as a category 2 member, highlighting BMO's role in the finance sector and its capabilities in trading industrial metals.
    Bank of Montreal joins London Metal Exchange as a category 2 member - Global Banking & Finance Review
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    Quick Summary

    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.

    Bank of Montreal Joins LME as a Category 2 Member

    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)

    Key Takeaways

    • •Bank of Montreal approved as a Category 2 member of LME.
    • •Category 2 members can trade electronically and via telephone.
    • •BMO is the eighth largest bank in North America by assets.
    • •LME is owned by Hong Kong Exchanges and Clearing Ltd.
    • •Further notice on BMO's trading start date to be issued.

    Frequently Asked Questions about London Metal Exchange approves Bank of Montreal as member

    1What is the main topic?

    The article discusses Bank of Montreal's approval as a Category 2 member of the London Metal Exchange.

    2What privileges do Category 2 members have?

    Category 2 members can issue LME contracts and trade on the electronic LMEselect system and via telephone.

    3Who owns the LME?

    The London Metal Exchange is owned by Hong Kong Exchanges and Clearing Ltd.

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