The London Metal Exchange has introduced a package of warehouse reforms following an extensive three-month consultation with the market.
Designed to shrink existing queues and prevent the formation of new ones, the new measures come after a thorough review of the extensive feedback received from our July 2013 proposal.
The reforms include the following measures:
- Modified proposal to affect all warehouses with queues of more than 50 days
- LME will act to prevent queue incentivisation
- Full-scale external logistical review planned for LME warehousing network
- Related changes: new transparency reports, creation of Physical Market Committee, on-going commitment to best practice information barriers
Should you have any questions relating to the consultation and the warehouse report, please contact us at email@example.com.