LME chief technology officer (CTO) Michael Warren said that he was "pleased to welcome on board a significant player in the market data field" and said that Fixnetix would benefit by "adding LME data to their mix".

He added: "The platform and location upgrades we have made over the last year or so, which have significantly reduced latency and made connectivity more straight-forward are now making the LME feed more attractive to firms such as Fixnetix, justifying our investment decisions."