Participation in member and vendor testing is mandatory for all members and vendors wishing to use the LMEprecious service. As part of the LME and LME Clear’s regulatory responsibility to ensure a fair and orderly market, it is essential that all user systems connected to LME and LME Clear systems are conformant.
Testing will take place prior to launch of the new gold and silver contracts; this testing is separate to existing conformance activities associated with LME base metals.
Full front to back member and vendor testing will begin on 27 February 2017 with market data vendor testing starting from 20 March 2017. LMEprecious gold and silver contracts will be launching 10 July 2017 subject to regulatory approval.
For more details on the schedule of new system releases, and system testing for LMEprecious, please refer to LME Notice 17/048 and the LMEprecious testing and conformance FAQs below.