Accessing the LMEprecious contracts

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.

For member contact details, please visit our LMEprecious membership page.

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 -
Société Générale GCM SGL -
Societe Generale International Limited GCM SNC -
Natixis ICM NAT -
Morgan Stanley Capital Group Inc. NCM MSG MST
OSTC Limited NCM OST SNC
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.

Clients 

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.

LMEprecious Accessing the contracts

Useful links

Contact us

For further information please email our LMEprecious team.