Britannia Global Markets has received Category 4 membership approval from the London Metal Exchange (LME).
The derivatives broker applied for membership in response to growing client demand for its metals trading services.
Britannia has focused on Over-The-Counter (OTC) metal trading over the past three years. The company’s move to join the LME follows increased customer interest in direct market access and recent hires within its metals team.
Neil Welsh rejoined the firm as Head of Metals in November 2024, and Francisco Gomes recently joined from Marex as a Metals Broker.
Steve Pettitt, CEO of Britannia Global Markets, said: “The LME remains the world’s most important and preeminent trading venue for base metals, so we are very pleased to receive our Cat 4 membership.
“Demand for metals trading at Britannia Global Markets has grown to such an extent that our clients will benefit hugely from this move. Being able to trade directly via the LME will greatly enhance our metals offering from several standpoints, including pricing, transparency and above all credibility.”
Jamie Turner, chief operating officer and head of trading at LME, said: “We are delighted that Britannia Global Markets will be joining the LME as a Category 4 member.
“As well-established participants in the metals sector we look forward to them bringing additional liquidity to our market.”
