MiFID II and MiFIR introduce new obligations for LME market data to be made available on a reasonable commercial basis from 3 January 2018.
Natural User Reporting
Subscribers of fee liable Transparency Data may be eligible to sign a direct agreement with the LME under the ‘Natural User Licence’. This Licence is only available for end-users accessing Transparency Data via display devices/terminals.
Eligible users/firms are required to report directly to the exchange to enable netting of fees across multiple data sources (on a ‘per user’ basis). To apply, please visit the Online Licensing Portal.
LME Market Data Fees
As well as maintaining the existing LME Data monthly subscriptions (real-time and 30 minutes delayed), the LME has contractually defined its Pre-Trade Information and Post-Trade Information as distinct subscriptions that vendors can offer to customers. Until further notice, only Real Time Pre-Trade Information is subject to monthly end user fees of $30 USD. Post-Trade Information accessed via the LME’s sFTP service is currently fee waived.
If you are interested in accessing Real Time Pre-Trade Information as a standalone subscription, you should contact your data provider to request this service. View list of all LME licensed data distributors
All LME market data licence fees including distribution, usage, derived and historical can be found on the LME Group fees and charges page.
The LME’s Online Licensing Portal contains up-to-date market data agreements that can be accessed upon registration.