LME considers permanent closure of Ring trading floor
The LME believes it is the right time to consider the permanent closure of the Ring and a move to an electronic pricing structure.
The LME believes it is the right time to consider the permanent closure of the Ring and a move to an electronic pricing structure.
The London Metal Exchange (LME) has approved a membership application of Britannia Global Markets Limited.
The London Metal Exchange has approved the resignation of China Merchants Securities (UK) Limited.
From January 22, 2021, the LME will stop calculating and publishing the LMEprecious Reference Prices.
The prohibition will apply to native discretionary orders in relation to all LME Contracts, and native iceberg orders in relation to Cash-Settled Futures Contracts.
Any use of LME data other than where the use of the data is in support of its display or distribution may be licensable under the LME’s Non-Display licence.
LME intends to prohibit the use of the discretionary order type for all tradeable Contracts, and the iceberg order type for Cash-Settled Futures Contracts.
LME has approved the resignation of Société Générale as Category 2 and LMEprecious GCM member.