We are hosting a series of webinars focussing on our market structure discussion paper published in January. The webinars will provide a brief overview of each section of the paper, a discussion of the proposals as well as a Q&A around key topics.
The series will cover: the Ring and reference pricing, market conduct, margin methodology and enhancing liquidity.
Join us to hear more about the proposals and have your questions answered. You are welcome to submit your questions for any of the webinars ahead of time, by emailing DiscussionPaper@lme.com.
As a reminder, we invite feedback on all topics in the discussion paper from market participants and broader stakeholders by 19 March 2021. Please submit your comments by email to the team by this date.
LME Discussion Paper Q&A: The Ring and reference pricing
James Cressy (COO) and Jamie Turner (Head of Market Structure)
In this webinar we’ll provide a brief overview of our key proposals – including the closure of the Ring and transition to an electronic pricing structure. We’ll discuss the rationale behind these proposals as well as the benefits and challenges they may bring, and we’ll answer any questions you might have about what they may mean for the market.
Watch on demand >
LME Discussion Paper Q&A: Market conduct
Jamie Turner (Head of Market Structure) and Katy Hyams (Head of Regulatory Policy)
This webinar will address the topic of market conduct in the context of market structure and the current regulatory landscape. We’ll look at the main areas considered in the paper including stocks and the physical movement of metal. We’ll answer any questions you might have about this topic and what our proposals may mean for the market. Watch on demand >
|LME Discussion Paper Q&A: Enhancing liquidity
Tuesday 2 March, 12.00-12.30 GMT
Georgina Hallett (Chief of Staff) and Robin Martin (Head of Market Development)
This webinar will consider the proposed methods outlined in the discussion paper for enhancing liquidity on the central electronic order book while maintaining the date structure and preserving the LME client servicing model. As well as the rebalancing of fees we’ll discuss the "enhanced transparency cross" and the associated benefits and challenges of this and other proposals. We’ll answer any questions you might have about what these proposals may mean for the market.
Register now >
|LME Discussion Paper Q&A: Margin methodology
Wednesday 3 March, 12.00-12.30 GMT
Keti Tano (Senior Legal Counsel) and Matt Wade (Head of Risk)
This webinar provides an overview of the margin methodology proposals and what impact a change to this methodology may have on the LME market. We will be looking both at the key potential benefits of switching from our current contingent variation margin (CVM) methodology to a realised variation margin (RVM) methodology for base metal contracts – such as greater standardisation and reduced regulatory costs – as well as the main drawbacks – such as the possible impact on the provision of client credit. We look forward to answering any questions you might have about what these proposals may mean for the market.
Register now >