Following market feedback, we have made two key changes to enhance our average-price offering. They are:
The changes are designed to extend MAF and LME futures pairs trading from three months out, up to two years out. Currently, second business day settlement on LME futures is only available on the front three months.
MAFs, which settle on the second business day, can be traded in conjunction with LME futures to give the economic effect of buying an LME future at the average price of the month.
The prompt dates will appear in LME reports and calendars from 10 July 2017, and were made available for trading on 1 August 2017. Please refer to LME Notice 17:213 for full details.