LMEminis are five tonne cash-settled monthly future contracts that settle against the LME 'parent' contract Official LME Settlement price.
Credible reference price
Because LMEminis are settled basis the LME Official Settlement Price and benefit from the liquidity of the parent contracts, investors can be confident the price at settlement is reflective of global supply and demand.
Smaller
Traded in lots of five tonnes, they are designed to be less capital intensive than their 25-tonne parent equivalents both in outlay and margin. This allows a wider range of investor involvement in the market.
Accessible
It's never been easier to access and trade the world’s most liquid industrial metals market. LME member firms, supported by a growing number of Independent Software Vendors, offer market access to the electronic trading of LMEminis on LMEselect and the LME’s inter-office telephone market.
Solid foundations
LMEminis' parent futures, LME Aluminium, LME Copper and LME Zinc, are the Exchange’s most liquid and high-volume contracts.
LMEminis are five tonne cash-settled monthly future contracts that settle against the LME 'parent' contract Official LME Settlement price for:
Contract specifications
| Lot size | 5 tonnes |
| Prompt date | Third Wednesday of each maturity month, subject to trading regulations |
| Maturity months |
Monthly out to for 12 months |
| Price quotation |
US dollars |
| Clearable currency |
US dollars |
| Last trading time |
By 12.30 two business days before the third Wednesday of the contract month trading in the expiring contract |
| Daily price limit |
None |
| Position limit |
None |
| Minimum price fluctuation (tick size) |
Outright - $0.50 Carries - $0.01 |
| Settlement type |
Cash settled on the last trading day basis the Official Cash Settlement Price determined for the prompt date for the relevant underlying metal |
| Trading venues |
LMEselect and inter-office telephone market |
All contracts subject to LME rules and regulations and LME Clear SPAN margining.
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