LME MARKET STRUCTURE EVOLUTION

On 19 January 2021, we issued a discussion paper on market structure, which set out a range of proposals designed to enable the LME to modernise and adapt to emerging trends and evolving customer needs to create a metals market fit for the future. 

Building on the groundwork of 2017’s Strategic Pathway this discussion paper considered several structural changes to the LME, which are focused on four main topics:

  • the Ring and reference prices;
  • enhancing liquidity in the market;
  • the potential benefits of moving to a realised variation margin methodology; and
  • the introduction of potential additional disclosures and policies to strengthen market conduct.

On 8 June 2021 we published a summary of the broad market feedback we received, together with the outcomes of the discussion paper process, which will enhance the LME’s electronic offering and provide greater transparency, while also preserving user choice for the Exchange’s diverse global customer base.

Full LME response documents:

Supporting and related documents:

 

LME CEO MATTHEW CHAMBERLAIN SUMMARISES THE OUTCOMES OF THE DISCUSSION PAPER ON MARKET STRUCTURE

In this video update, LME Chief Executive Matthew Chamberlain provides an overview and brief explanation of the feedback and outcomes of the LME Discussion Paper on Market Structure.



LME DISCUSSION PAPER ON MARKET STRUCTURE DOCUMENTS – ISSUED JANUARY 2021

LME Press Release – LME issues discussion paper on future market structure

LME Discussion Paper on Market Structure 2021

LME Discussion Paper video: LME CEO Matthew Chamberlain outlines the Market Structure Discussion Paper

LME Discussion Paper Overview Video

LME Discussion Paper Q&A Webinar Series

 

LME Strategic Pathway 2017

Strategic Pathway 2017 video: LME CEO Matthew Chamberlain speaks to Brunswick Group’s Kim Fletcher about the LME Strategic Pathway, happiness and electric cars.

LME Strategic Pathway infographics

LME Strategic Pathway videos

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