LME Gold and LME Silver contracts are traded on the LME’s electronic market, LMEselect, from 01.00-20.00 (London time) and via the 24-hour telephone market.
To access the contracts you can contact one of the member firms listed below. We will update this list regularly as new LMEprecious members join.
|Member name||Category||Trading / Matching mnemonic||General Clearing Member|
|BOCI Global Commodities (UK) Limited||GCM||PRC||-|
|Goldman Sachs International||GCM||GSP||-|
|ICBC Standard Bank PLC||GCM||ISP||-|
|MAREX Financial Limited||GCM||MFP||-|
|Morgan Stanley & Co. International PLC||GCM||MST||-|
|Societe Generale International Limited||GCM||SNC||-|
|Morgan Stanley Capital Group Inc.||NCM||MSG||MST|
|XTX Markets Limited||NCM||XTX||MFP|
GCM - General Clearing Member
ICM - Individual Clearing Member
NCM - Non-Clearing Member
LME Members - existing and prospective
Existing LME members are eligible to participate in the LMEprecious product suite. Members can opt in to trade, clear or do both for these new contracts both on their own account, and on behalf of their clients.The LMEprecious contracts are operationally traded in the same way as existing LME base metals contracts, using the same systems, connectivity and rulebook.
If your firm is not currently an LME member, but would like to trade LMEprecious contracts without trading our existing base metals contracts, there is a new type of membership which will allow you to access the new gold and silver contracts, with reduced membership fees and shareholding requirements. Please get in touch with us to find out more about this route.
LMEprecious clearing members are also able to clear trades. Clearing members are required to satisfy LME Clear’s specific requirements for clearing the LMEprecious contracts.
If you are a client of an existing LME member, please get in touch with them to discuss trading the new contracts on your behalf. We are confident that your LME member will be keen to facilitate your LMEprecious trading.
If you are not already a client of an LME member, we can provide you with a list of members who are offering the LMEprecious contracts and you can talk to them about getting access to trading.
LMEprecious membership and trading
As with the LME’s existing base metals suite, you can trade LMEprecious as either a member or a client.
LMEprecious membership is most suitable for banks, brokers and large principal traders. Clients trade through a member, and do not need to enter into a direct relationship with the LME. Client trading is most suitable for industrial users, funds, investors and other principal traders.