New initiatives

	LME Strategic Pathway The LME Strategic Pathway was published in September 2017 and set out our vision to drive growth. It includes our key principles and new initiatives like; fee discounts, tick-size review, new products and a financial OTC booking fee.
	Trade at settlement The London Metal Exchange (LME) is introducing trade-at-settlement (TAS) functionality on LMEselect for 3-month LME Nickel Closing Prices on 18 February 2019.
	Electronic Closing Price trial The London Metal Exchange (LME) is introducing an electronic Closing Price trial for LME Nickel, beginning 18 March 2019.
	New products The London Metal Exchange launched seven cash-settled futures on 11 March 2019, with one further futures contract and two options contracts to follow (all subject to regulatory approvals and rulebook consultations).
	Implied pricing As part of the LME Strategic Pathway, the London Metal Exchange (LME) is expanding implied pricing functionality on LMEselect to include aluminium, copper, lead, nickel, tin and zinc.
	Electric vehicle battery materials As set out in the LME Strategic Pathway, the LME are actively exploring new risk-management tools for electric vehicle battery materials.
	Financial OTC booking fee The LME has introduced a new Financial OTC Booking Fee. The new fee is designed to be fairer and put OTC contracts and “Client Contracts” on a similar fee construct, following a market-wide consultation.

Useful links

For further information please get in touch.