Trading plastics futures on the LME

Prospective users of the Exchange can be assured that they are dealing with professional, recognised and experienced trading firms who are fully regulated for the capital and conduct of their business. Regulation of the market is carried out by the LME while the UK’s Financial Services Authority is responsible for regulating the business of LME members.

The LME provides the flexibility of complimentary trading platforms for LME Plastics Futures which operate side-by-side:

LME Plastics Futures focus on LMEselect

LMEselect
0100 to 1900 hours, London Time

LMEselect is the official Exchange-operated electronic trading platform. LME member firms are connected to the LMEselect system which allows accredited traders to execute trades electronically. It allows for straight-through processing in which LMEselect trades are automatically sent to the matching and clearing systems operated by LCH.Clearnet.

The system also enables LME members to connect their clients directly to the LMEselect trading system via third party applications, a process known as ‘order-routing’.

Telephone trading
24 hours a day

The Exchange also supports an inter-office telephone market between LME members which operates 24 hours a day.