Is LME a clearing house?
quick access. 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.
What does LME mean in shipping?
Understanding the London Metal Exchange (LME) It also lists futures contracts on its London Metal Exchange Index (LMEX), which is an index that tracks the prices of the metals that trade on the exchange. Options and futures contracts on the LME are standardized with respect to expiration dates and size.
Can you visit the LME?
Day-to-day activities on LMEsmart, LMEsword, and LMEshield. Requests to visit the trading floor (the Ring) from the general public and educational bodies unfortunately cannot be accommodated. LME members and groups associated with the metals industry are asked to enquire by email.
How do the LME work?
The LME connects physical and financial market participants to create a global pool of liquidity. These participants buy and sell LME futures and options to transfer (hedge) and take on (invest in) price risk and in that process discover globally relevant prices.
Is LME A CCP?
LME Clear delivers innovative clearing and settlement services for traded transactions. As clearing house for the London Metal Exchange (LME), LME Clear is the central counterparty (CCP) for all LME clearing members and their trading activity.
What is LME cash?
LME Cash Settlement Price means in respect of each of aluminium, copper, lead, nickel, tin andzinc and any LME Business Day, the daily last offer price (expressed in US dollars) for that type of Metal before the bell is sounded to mark the end of the second ring, first session of trading in respect of that type of …
What does LME cash mean?
Cash. The LME Cash price is used to represent the market price for spot metal that will be delivered in two LME trading days. This is the last full day a contract can be cash settled or cleared in any of the official LME currencies – Tom positions can only be cleared in US dollars. Prompt Days.
What is the LME price for copper today?
LME Copper Official Prices
Contract | Bid | Offer |
---|---|---|
3-month | 10305.00 | 10310.00 |
Dec-23 | 10235.00 | 10245.00 |
Dec-24 | 10080.00 | 10090.00 |
Dec-25 | 10000.00 | 10010.00 |
Is LME open?
Breaking Down the LME Trading Schedule The London Metal Exchange is open Monday through Friday from 1:00am to 7:00pm Greenwich Mean Time (GMT+00:00).