This course considers the mechanics of how to trade on the London Metal Exchange. It goes through a range of methods of executing trades. It also explains the way they are monitored from inception all the way through.

It is aimed at companies thinking of investing in the LME, new personnel with limited experience joining LME firms and companies with metal and plastics trading clients.

Programme

Introduction to LME Trading • LME Contracts: non-ferrous, plastics and steel • Futures and options • Technical versus fundamental analysis

Order placement • When to trade • LME trading platforms: open outcry, electronic and inter-   office • How to pick your broker/dealer

Execution • Prompt date structure • Market situation awareness and implications:    backwardation and contango • Cost of trading • Transfers/give-ups

Options • How to trade • Delta neutral or directional • How to pick your broker/dealer • ‘Greeks’

Closing positions • Stoploss orders • Adjustments to original prompt date • Chart awareness

Reconciliation/controls • Impact of margins/credit lines • Position limits • Accurate maintenance of position structure

Date	Location	Venue	Time
26/11/2008	London	The London Metal Exchange, 56 Leadenhall Street, London, EC3A 2DX	8.30am-5pm	Book now

Course fees
Per delegate N.B. Please note that a 17.5% VAT rate will be added to all the courses taking place in the UK	£450
Early-bird discount N.B. Please note that this discount only applies when booking 60 or more days prior to the day of the course	10%
Additional delegate discount N.B. please note orders must be placed simultaneously for the discount to apply	£20

Fees include all course materials, lunch and refreshments.

All registration fees must be paid prior to the event.

Please note that the dress code is smart casual.

All LME courses are delivered in English unless otherwise stated.

Further information

Click here to view all LME course dates in 2008 and to book your place online. 

For more information about this course and other LME training courses, email lme.education@lme.com or telephone +44 (0) 20 7264 5555.