TAS (Trade at settlement) specification

LME Nickel 3-month Closing Price

An LME TAS (trade-at-settlement) order type allows a trader to enter an order to buy or sell a contract (during the course of the trading day) at a price that is equal to, or a number of $1 ticks above or below the 3-month Closing Price.

Tick size $100
Price band Initially, 25 ticks above and below zero
Lot size  6 metric tonnes
Underlying contract  LME Nickel
Trading window 01:00 - 17:02 (when Closing Prices are established on LMEselect)
01.00 - 17.00 (when Closing Prices are established on Ring)
Fees $0.50 per lot, per leg, per side
Reference price LME Nickel 3-month Closing Price
Settlement type Into underlying 3-month LME Nickel future
Trading venues LMEselect, inter-office telephone market

 

LME Nickel contract specifications

Useful links

Contact us

For further information please get in touch.