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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Related Companies London Metal Exchange. LME to expand access to electronic trading 26 May 0.
The Thomson Reuters Trust Principles. New case study by Finextra, Facebook and Santander. Some blockchain predictions for Why will things change in ? There are several llme 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. A combination of the new OTC fees, potentially higher volumes and extra business from new contracts is expected to lift LME turnover.
LME confident of enforcing new fee on OTC business | Reuters
Wholesale banking Trade execution. Write a blog post about this story membership required. Some metals trading 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.
News in your inbox For Finextra’s free daily newsletter, breaking news and flashes and weekly job board. 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. Contributed what does this mean?
LME confident of enforcing new fee on OTC business
We’ll assume you’re ok with this, but you may change your preferences at our Cookie Centre. OTC fees would not be charged to miners or consumers who use LME prices to structure a physical supply rulebpok.
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.
Find your next role: 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. The LME cut short-dated carry fees from Oct. Short-dated trades or carries are those between one and 15 rulebkok days ahead while medium-dated trades are up to 35 days forward. This content is contributed or sourced from third parties but has lje subject to Finextra editorial review.
LME Fines Nine Dealers…For Standing Up – MoneyBeat – WSJ