LMEselect is the electronic member to member trading system.
Its tradable hours are 01.00-19.00, Monday-Friday (London time) with pre-trade and post-trade periods 00.45-01.00 and 19.00-19.30 respectively.
LMEselect can be accessed by membership categories 1 & 2 and allows members to anonymously execute trades with other member firms. All LME contracts - futures, options and TAPOs can be traded this way.
LMEselect benefits from straight through processing efficiencies where trades are automatically sent to the matching and clearing systems - LMEsmart and the LME Clear system (LMEmercury).
Clients of members can connect to LMEselect via a member using third party applications via FIX API protocol. FIX applications are developed by members internally or via an Independent Software Vendor (ISV).
The available connectivity options to LMEselect in production are via LMEnet or CDC. In Member test, LMEselect can be accessed via Internet, LMEnet or CDC.