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LME Clear is the clearing house for the London Metal Exchange. Launched in 2014 it was designed and built in consultation with the market to provide cost-efficient, EMIR compliant clearing and settlement services, using cutting-edge technology. LME Clear has announced the appointment of David Warren as Chairman effective July 20, 2023.
LME Aluminium contracts trade on the London Metal Exchange, which introduced them in 1978. [12] The contracts require physical delivery of the asset for settlement, and deliverable assets for the contracts are 25 tonnes of high grade primary Aluminium. The contracts prices are quoted in US dollars per tonne.
The contract prices are quoted in US dollars per ton. LME prices have minimum tick sizes of $0.50 per ton (or $12.50 for one contract) for open outcry trading in the LME Ring and electronic trading on LME-select, while minimum tick sizes are reduced for inter-office telephone trading to $0.01 per ton (or $0.50 for one contract).
LME Nickel stands for a group of spot, forward, and Futures contracts, trading on the London Metal Exchange (LME), for delivery of primary Nickel that can be used for price hedging, physical delivery of sales or purchases, investment, and speculation. Producers, semi-fabricators, consumers, recyclers, and merchants can use Nickel futures ...
The Abaxx delivery date is the third Wednesday of every month, which is the same date that LME contracts expire, while the Abaxx daily settlement price occurs at 1330 London time, shortly after ...
LME Copper contracts trade on the London Metal Exchange, which began trading in the metal at the start of the exchange in 1877. [1] The contracts require physical delivery of the asset for settlement, and deliverable assets for the contracts are 25 tonnes of Grade A copper cathode. The contracts prices are quoted in US dollars per tonne.
In June 2012, HKEX announced its cash offer to acquire the London Metal Exchange (LME), the world's premier metal exchange since its founding in 1877, for GBP1.388 billion. [8] The acquisition was completed in December 2012.
The London Metal Exchange is an example of a metals exchange where metal is traded as futures contracts providing pricing for defined purity and contract size. The LME Copper contract for example is for delivery of 25 tonnes of Grade A copper cathode at a specified location and priced in United States dollars. This is used to set the price of ...