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Becoming a distributor

To send LME data outside of your organisation, or to display LME data on your public website/application, you must be a licensed data distributor.

The LME has a formal application process for licensing the distributors of its data to ensure that they are able to provide an accurate and informative service to end users on behalf of the Exchange. Distributors normally include LME data as part of their portfolio of services, including technical analysis, charting and news. Services can be delivered over the internet or leased line to your PC. Some also offer delivery direct to your mobile hand-held device.

Before proceeding with your application, you should read the entire contents of the pricing and data section of the website. It is also recommended that companies who are new to the LME market could also attend an Introduction to the LME education course as this overview would be beneficial for your product development for LME data.

Application process

The application process to become a licensed distributor consists of the following steps:

1.  Identify whether your company would like to distribute real-time, 15 minutes summary, 30 minutes or next day delayed data.  Please note, applicants will be able to distribute 15 minutes delayed summary data if they apply for a real-time license.  The annual license fee for distributing LME data is £9,500, except for next day distribution, which is a one-off fee of £1,500.  The application requirements for each of the delay classes are different, please refer to the table at the bottom.

2.  Download the appropriate application pack corresponding to the correct delay class. Review all documents, ensure you understand the document; ‘General Conditions’ which highlights the responsibilities of the licensed LME distributor in their dissemination of LME data.  Please see below for items listed within the real-time and 30 minutes delayed distribution application pack and the next day delayed distribution application pack:

  • LME distribution application form
  • General Conditions relating to the distribution of information
  • Requirements LME Data Distribution Agreement 2014
  • Schedule 1 Fees 2014 LME Data Distribution Agreement
  • Schedule 2 Reports LME Data Distribution Agreement
  • Schedule 3 Audits LME Data Distribution Agreement

3.  Once you have completed your application form, the LME recommends that you submit an electronic copy, along with the required information, to market.data@lme.com  for review.

4.  The LME will aim to review your application within 6 weeks of receipt of your completed application pack. Please note that this review period will be extended where applicants have not provided all the information requested in the application pack.

5.  After the review period, the LME will inform you if your application is successful.

Application checklist

 Sign and complete application form Organisational chart, including details of subsidaries and affiliates Audited accounts in English / last 3 yearsBusiness plan (see application pack)Product demoDemo of product permissioning systemSupporting product marketing materials

Applicant's subscriber agreement / T&C

Real-time, inc. 15 mins summary

 Yes

 Yes

 Yes

 Yes

 Yes

 Yes

 Yes

 Yes

30 mins delayed

 Yes

 Yes

 Yes

 Yes

 Yes

 Yes

 Yes

 Yes

Next day

 Yes

 Yes

   

 Yes

   

 Yes