What is a non-display licence?
The non-display licence covers any use of LME Data other than where the use of the data is in support of its display or distribution.
Who is it for?
A non-display licence is required for those who consume LME Data other than in support of its display or distribution. The LME categorises non-display use into three categories:
If you have any questions regarding your specific use case and how the above categories may apply, please contact market.data@lme.com.
The non-display licence does not grant the right to use the Data for any commercial purposes. As such, further licensing may be required alongside the non-display licence.
For more information on how the non-display licence complements the other LME licensing policies, please refer to the FAQs.
How to apply:
Applications can be submitted using the Online Licensing Portal from 1st January 2021.
Non-display licence Fees
Category of non-display use | Monthly fee (USD) per entity |
Trading Activities | 1,000 |
Risk management of LME positions | 300 |
Other | 500 |
The fees are applicable per month per category of use, and are invoiced quarterly in arrears, based on the reporting submitted by the Licensee via the LME Reporting Portal. Applied per Group – ie Entity and unlimited Affiliates.
Fee waivers
Fee waiver | Eligible users | Eligible categories |
LME Member waiver | LME Members of Categories 1, 2, 3 and 4 | Risk management of LME positions |
New LME Client waiver | LME Clients for 12 calendar months from the date of receipt of the first LME Client Contract issued to any entity within the Licensee's group | Trading Activities; Risk Management of LME positions |
Delayed data waiver | Any Licensee solely using data that is 30 minutes delayed from time of original publication by the LME |
Trading Activities; Risk Management of LME positions |
For the avoidance of doubt, the above fee waivers do not exempt Licensees from execution of the licence and submission of reports to the LME.
Licence exemptions
The following firms are exempt from the Non-display policy, subject to confirmation from the LME by contacting market.data@lme.com:
Exchange fees for the relevant service apply irrespective of the non-display policy and exemptions. For additional information on the fees, reporting, fee waivers and licence exemptions, please refer to the FAQs.
For further information please email our Market Data team.