Over the past couple of years we have implemented a series of initiatives, as well as updates to our electronic trading platform (LMEselect) designed to provide:
The initiatives that facilitate electronic trading on the LME include:
LMEselect enhancements - Our electronic member-to-member trading system, LMEselect, provides optimal trading functionality for the metals market.
Membership enhancements - Category 3 and 4 members now have direct access to LMEselect, alongside the introduction of additional flexibility in admission criteria for all membership categories. In addition, we have introduced a new membership category for Registered Intermediating Brokers (RIBs) which offers two different levels of access to our markets. These changes are designed to facilitate greater market access and participation.
Incentive programmesThe London Metal Exchange (LME) runs a number of incentive programmes designed to encourage trading and enhance liquidity for both new and existing participants on our markets.
Liquidity Provider Programmes - Liquidity Provider Programmes are available for our ferrous and LMEprecious contracts.