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
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