The LME employs a published set of rules and regulations which form the basis of sustaining an orderly market, membership criteria, committees, and. Parts 1 – 13 of this book set forth the Rules and Regulations of the London These rules, as amended from time to time, are available on the LME website. There are two types of contracts traded on the LME – Exchange Contracts and dates, option strike prices for metals etc. are detailed in the LME rulebook and.

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LME to expand access to electronic trading lmd May 0. The changes put forward include opening up LMEselect access to category 3 and category 4 members of the Exchange as well as adding flexibility to the criteria required to apply for LME membership. The LME cut short-dated carry fees from Oct.

Non-compliance with the rule book is a disciplinary breach. The year-old exchange last month announced it would start charging a new OTC fee in January balanced by cuts of other fees crucial to its physical user base designed to lure back volumes.


LME Fines Nine Dealers…For Standing Up – MoneyBeat – WSJ

Short-dated trades or carries are those between one and 15 calendar days ahead while medium-dated trades are up to 35 days forward. Contributed what does this mean? An official consultation will be held in November about the new fee, which will be applied through the LME rule book and its data licensing agreement. Related Companies London Metal Exchange.

LME to expand access to electronic trading

Find your next role: News in your inbox For Finextra’s free daily newsletter, breaking news and flashes and weekly job board. OTC fees would not be charged to miners or consumers who use Ruebook prices to structure a physical supply contract. Chamberlain does not expect the LME to recoup all of its lost volume, but believes the exchange should see a difference by early next year.

A combination of the new OTC fees, potentially higher volumes and extra business from new contracts is expected to lift LME turnover.

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LME to expand access to electronic trading

Some metals trading volumes have migrated to OTC deals, partially triggered by large hikes in LME rrulebook fees in that were introduced to lift profits for its owner, Hong Kong Exchanges and Clearing Ltd. The Thomson Reuters Trust Principles.

The tool provides LME clearing members the ability to set a variety of risk limits for their own traders and for clients submitting orders onto urlebook electronic platform. This content is contributed or sourced from third parties but has been subject to Finextra editorial review.