New Market Participant Programme

The New Market Participant Programme is available for client trades placed by new individual traders at clients of members who have not traded on the market before.

Members will receive rebates of trading and clearing fees for a defined period of time in respect of client contracts (and the accompanying exchange contract) for outright 3 months and outright third Wednesday contracts for aluminium, copper and zinc placed on LMEselect.

Eligibility for the programme

Members are eligible to participate in the New Market Participant Programme in respect of client contracts executed by Members that are initiated by individual traders within their clients that are Proprietary Trading Firms, provided the criteria below are met:

The individual trader must satisfy the following conditions:

  • He/she has not previously traded eligible contracts for which they wish to register (this includes trading at previous firms); and
  • His/her principal activities must include trading futures on a discretionary basis for his/her own account, or for the proprietary account of an employer in which he/she has an interest
  • Download LME Notice 17/273  for full eligibility criteria and complete details of both the Liquidity Provider and New Market Participant Programmes.

Application process

The New Market Participant Programme is now available. If you wish to apply for the programme, please complete and submit an application form. View the application process and apply.