# LME Clear

> London Metal Exchange clearing platform

**Wikidata**: [Q107232467](https://www.wikidata.org/wiki/Q107232467)  
**Source**: https://4ort.xyz/entity/lme-clear

## Summary
LME Clear is the London Metal Exchange clearing platform, headquartered in London, United Kingdom. Operating under the Market Identification Code (MIC) "LMEC," it functions as a stock exchange entity that provides clearing services for the London Metal Exchange.

## Key Facts
- **Entity Type**: Stock exchange / Stock market
- **Aliases**: LMEC
- **Parent Organization**: London Metal Exchange
- **Headquarters**: London, United Kingdom
- **Market Identification Code (MIC)**: LMEC (effective from February 24, 2014)
- **Official Website**: https://www.lme.com (English language)
- **Domain Name**: lme.com
- **Description**: London Metal Exchange clearing platform

## FAQs

**What is LME Clear?**
LME Clear is the clearing platform operated by the London Metal Exchange, headquartered in London, United Kingdom. It provides clearing services under the Market Identification Code "LMEC."

**Where is LME Clear located?**
LME Clear is headquartered in London, United Kingdom, as documented in the LMEC reference database.

**What is the Market Identification Code for LME Clear?**
The MIC code for LME Clear is "LMEC," which became effective on February 24, 2014, according to LMEC database records accessed in 2020 and 2022.

**How is LME Clear classified?**
LME Clear is classified as both a stock exchange and a stock market entity. It operates under the broader category of trading venues and capital markets.

**Who operates LME Clear?**
The London Metal Exchange serves as the parent organization of LME Clear.

## Why It Matters
LME Clear serves as the dedicated clearing infrastructure for the London Metal Exchange, one of the world's major metal trading venues. As a clearing platform, it plays a critical role in ensuring trade settlement and risk management for transactions conducted on the exchange. Its establishment under the MIC code "LMEC" in 2014 formalized its position within global financial markets, providing standardized identification for market participants. Operating from London—a major global financial hub—LME Clear contributes to the transparency, efficiency, and stability of metals trading by providing a centralized clearing function.

## Notable For
- Serving as the exclusive clearing platform for the London Metal Exchange
- Operating under the MIC code "LMEC," effective February 24, 2014
- Functioning as both a stock exchange and stock market entity
- Being headquartered in London, United Kingdom, a major global financial center
- Maintaining the domain lme.com with documentation in the Internet Domains Wikibase

## Body

### Overview
LME Clear is the clearing platform of the London Metal Exchange, providing essential clearing services for one of the world's prominent metal trading venues. It operates under the alias "LMEC" and maintains its headquarters in London, United Kingdom. The platform is classified as both a stock exchange and stock market entity.

### Organizational Structure
LME Clear operates under the London Metal Exchange as its parent organization. This relationship positions the clearing platform within the broader operational framework of the exchange, supporting the clearing and settlement of trades conducted on the London Metal Exchange.

### Market Identification
The platform holds the Market Identification Code (MIC) "LMEC," which became effective on February 24, 2014. This code serves as a standardized identifier in financial markets, facilitating accurate transaction reporting and market recognition. The MIC designation is documented in the LMEC reference database, with records accessed on March 1, 2020, and September 2022.

### Digital Presence
LME Clear maintains an official website at https://www.lme.com, presented in English. The associated domain name, lme.com, is documented in the Internet Domains Wikibase (entity Q167932), with references dated March 14, 2025. The website and domain documentation are sourced from the LMEC database and the Internet Domains Wikibase.

### Classification and Context
As an instance of both "stock exchange" and "stock market," LME Clear falls within the broader category of trading venues and capital markets. Stock exchanges, as a class, are organizations that provide services for stock brokers and traders to trade securities through open outcry or electronic trade matching systems. They operate stock markets and serve as critical infrastructure for capital formation and investment activities.

### Related Entities: Stock Exchange Classification
The broader "stock exchange" classification encompasses organizations that facilitate securities trading. This category is identified by multiple standardized codes, including GND ID 4079188-9, YSO ID 11924, and Dewey Decimal Classification codes 332.642 and 346.0926. Stock exchanges are documented across more than 40 Wikipedia languages and are known by various aliases including "bolsa," "Effektenbörse," "Aktienbörse," and "بورصة." Additional identifiers include Freebase ID /m/06_4x and Iconclass notation 46B52.

### Reference Sources
Information about LME Clear is sourced from the LMEC database (referenced as Q6770697) with access dates of 2022-09-00, and the Internet Domains Wikibase. The platform's MIC code data is supported by multiple reference entries within the LMEC database system.

## References

1. Market Identifier Code
2. [Internet Domains Wikibase](https://domains.wikibase.cloud/entity/Q167932)