The London Metal Exchange (LME) expects its in-house clearer LMEClear to charge members fees similar to provider LCH.Clearnet’s just-tripled charges for clearing LME trades.

Brokers will pass these LME charges on to clients next year because rules that are brought in to stop trading practices seen as contributing to the 2008 global financial crisis mean they will no longer be allowed to net client positions within their own accounts.

LCH.Clearnet tripled fees for clearing LME trades to 15 pence (HK$ 1.80) per lot from five pence from June 1.