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Monthly Futures (3rd Wednesdays)

We have introduced several initiatives to enhance trading opportunities on LMEselect, our electronic trading platform, and over the past year we have seen liquidity steadily increase month on month. Particularly on 3rd Wednesdays, where one-third of open interest sits.

What are 3rd Wednesday contracts?

3rd Wednesday contracts are monthly futures that exist within the current prompt date structure for all major LME contracts. The overall contract specification (trading times, contract size, and physical delivery) is exactly the same as the 3 Months contract, or for any other prompt date. The key difference between the 3rd Wednesday and any other prompt date is that it does not expire every day. It only expires on the 3rd Wednesday of that month - hence, it is a monthly future.

3rd Wednesday outright volumes on LMEselect

Find out more

For more information about each stage of the Roadmap on our website at lme.com/roadmap

The LME Team are available to discuss the Liquidity Roadmap and any of the specific initiatives in more detail.

Join us on the journey and get in touch with the team by email.