What is a Usage Licence?
A LME Usage Licence is required by any firm that uses LME data or trademark(s) for either of the following uses, other than for limited internal business use:
A LBMA Usage Licence is required by any firm that uses London Bullion Market Association Platinum and Palladium (LBMA PGM) data or trademark(s) for either of the following uses, other than for limited internal business use:
Who is it for?
Example uses of data include (but are not limited to):
Use of LME and/or LBMA data as a reference in:
Use of LME data in valuation of funds, holdings, inventories and pricing curves when this use does not constitute Non-Display Use.
Use of LBMA data for the valuations of funds, holdings, inventories and pricing curves.
Firms may be exempt from the policy, subject to a fee waiver, or subject to the Financial OTC Booking Fee Policy for certain OTC transactions.
Firms that are accessing, processing or consuming LME data for a purpose other than in support of its display or distribution may be subject to a Non-display licence. For more information, please refer to our Non-display page.
How to apply:
Access the Online Licensing Portal and begin your application.
LME Usage Licence Fees (effective 2021)
Annual Licence Fees (USD) | ||
Licensee | Standard Licence* | Premium Licence** |
LME Member (Category 1-5) | Fee waived | Fee waived |
LME Client | Fee waived | 5,000 |
LPP Member Participant*** | 3,500 | 8,500 |
Physical Participant | Fee waived | Fee waived |
Other | 3,500 | 8,500 |
The following firms are exempt from the LME Usage Licence:
LBMA PGM Usage Licence Fees (effective 2021)
Annual Licence Fees (USD) | ||
Licensee | Standard Licence* | Premium Licence** |
LME Member (Category 1-5) | 2,500 | 5,000 |
LME Client | 2,500 | 5,000 |
LPP Member Participant*** | Fee waived | Fee waived |
Physical Participant | 2,500 | 5,000 |
Other | 2,500 | 5,000 |
* Standard – includes the firm and up to five Affiliates
** Premium – includes the firm and unlimited Affiliates
***LPP Member Participant - as defined in Section 3 of the LPP Price Regulations.
For further information please email our Market Data team.