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LME fees are set annually by the Exchange and agreed by its board. All fees are standard across membership category or service and apply only to LME members and users of LME systems. Fees charged by LME members to clients are subject to normal commercial negotiation.
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| Date |
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| Ring dealing members |
£55,000 |
| Associate broker clearing members |
£55,000 |
| Associate trade clearing members |
£19,000 |
| Associate broker members |
£45,000 |
| Associate trade members |
£ 1,250 |
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Individual members |
£ 250 |
| Honorary members |
£ Nil |
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Trading fees are invoiced on a monthly basis. Trading in LMEminis is currently subject to a trading fee holiday.
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The data-capture fee is charged to each side of a trade sent for matching and registration via LMEsmart, the LME's system for the matching and registration of trades prior to clearing.
The fee was introduced following the implementation of LMEsmart. This replaces the fee previously levied by LCH.Clearnet when they performed the matching and registration function on the LME’s behalf. The fee is 3 pence per lot per side of each trade.
Clearing fees continue to be charged by the clearing house.
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The settlment of LME contracts is facilitated through the exchange of warrants using LMEsword. The following fees and charges apply to transactions on LMEsword by member firms.
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Price
(USD) |
| Lodgement of an LMEsword |
Free |
| Withdrawal of an LMEsword warrant |
$3.00 |
| Safekeeping LMEsword warrants per warrant in depository per calendar day |
$0.01 |
LMEsword fees are invoiced monthly.
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The following fees are charged to non-member LMEsword account holders:
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Price
(GBP) |
| Non-member LMEsword account holder |
£5,000 |
| Non-member LMEsword remote participant account holder |
£2,500 |
Non-members also pay an annual fee of £1,000 per account holder.
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Fees and levies charged to LME approved and applicant warehouses
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Price
(USD) |
| Annual warehouse listing fee per warehouse company, per good delivery point |
$5,000 |
| Listing fee for additional warehouse(s) |
$4,000 |
The waiver in respect of listing fees for steel warehouses will remain in place.
A stock levy of 1.10 per cent of the daily rent collectable on LME warrants.
This calculation will be the total reported tonnage (cancelled plus live warrants) on each day, multiplied by the published rent rate for each warehouse, multiplied by 1.10 per cent.
Stock levies are invoiced on a half-yearly basis.
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Applications to list material as an LME approved brand are subject to a one off £40,000 application fee per brand of metal. The Exchange does not currently levy an initial listing charge for steel brands.
Applications are subject to the relevant guidance notes. Fees are not refundable for unsucessful or lapsed applications.
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Members wishing to distribute market prices to clients via LMEselect’s API are charged £15 per month, per client, subject to a maximum of £4,500 per month, irrespective of the number of clients.
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