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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The LME cut short-dated carry fees from Oct. 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. Write a blog post about this story membership required.

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LME confident of enforcing new fee on OTC business | Reuters

Contributed what does this mean? 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. News in your inbox For Finextra’s free daily newsletter, breaking news and flashes and weekly job board. There are several reasons for the growth of Bitcoin Fido Alliance specifications now adopted as ITU international standards InstaRem enables business users to make multi-currency payments in one go Paysafecard enters five new EU countries with Google.


LME confident of enforcing new fee on OTC business

Find your next role: Short-dated trades or carries are those between one and 15 calendar days ahead while medium-dated trades are up to 35 days forward. 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.

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 the electronic platform. The Thomson Reuters Trust Principles.

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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. Some blockchain predictions for Why will things change in ?

Some metals ruleboko volumes have migrated to OTC deals, partially triggered by large hikes in LME trading fees in that were introduced to lift profits for its owner, Hong Kong Exchanges and Clearing Ltd. This content is contributed or sourced from third parties but has been subject to Finextra editorial review.


Related Companies London Metal Exchange. A combination of the new OTC fees, potentially higher volumes and extra business from new lne is expected to lift LME turnover. We’ll assume you’re ok with this, but you may change your preferences at our Cookie Centre.

Non-compliance with the rule book is a disciplinary breach. LME to expand access to electronic trading 26 May 0. Wholesale banking Trade execution.

OTC fees would not be charged to miners or consumers who use LME prices to structure a physical supply contract.