LMEsource, the LME’s new multicast market data platform launched on 21st May 2018. Please find below a high level summary of LMEsource's features and timelines, as well as the technical specifications for phase one of the project. To be kept aware of project developments, timelines and for further information please contact the Market Data team.
Documents for Data Vendors, Members, and ISVs relating to LMEsource testing and production can be found on the Documentation and Specifications page.
LMEsource is the new LME Market Data Platform, which is a real-time multicast market data dissemination based platform.
The first phase of LMEsource launched on 21st May 2018 will broadcast LMEselect trading data only. All market data prices and reports from all LME venues will initially remain on the existing LMEselectMD and will run in parallel with LMEsource until they are migrated at a future release.
Phase two of the platform will include all remaining datasets. The implementation dates will be confirmed in due course.
LMEsource will broadcast the LME’s latency sensitive data (i.e. LMEselect only) simultaneously; hence fair, consistent and transparent to all LME trading and market data participants.
Alignment with HKEX
LMEsource aligns with the OMD platform from HKEX.
Customisation of Market Data Products
Enables multiple multicast products to be broadcast via different channels, including a Level 1 (Best Bid and Offer) channel that is available to Vendors, and a separate channel for LMEprecious products.
Uses industry standard data dissemination formats and technical protocols.
Replay and Recovery
Enables market data to be recovered if a subscriber temporarily loses connectivity, experiences network issues (i.e. dropped multicast packets), or is late to join the market.
LMEsource can only be accessed via LMEnet lines or via the Interxion London Campus Community Data Centre (CDC) for all environments. LME Market Data Vendors should contact the LME Market Data team Members and all other participants should contact the LME Technical Account Management team for further information.
LMEselectMD will run in parallel with LMEsource, the new LME Market Data Platform, until further notice. Please note that initially, LMEsource will publish LMEselect (electronic) trading data for phase one.
The test environment for LMEsource is available as of April 9, 2018. The throttles on the LMEsource in each test environment (MT-A and MT-B) are set to ~ 5mbps (1 second interval).
Based on currently observed production traffic, with some headroom, it is recommended that participants allocate the following bandwidth for the LMEsource production service:
• LMEprecious - 30mbps of bandwidth for LMEsource when measured on a 10millisecond interval.
• LME (all other non-LMEprecious contracts) - 20mbps of bandwidth for LMEsource when measured on a 10millisecond interval.
The above quoted bandwidth is for a single LMEsource product and single feed. All participants (including Members / ISVs / Market Data Vendors) should allow additional bandwidth if planning to run LMEsource in parallel to other services including LMEselect and LMEselectMD.
If you need further guidance or have any questions related to bandwidth requirements please email.
The technical specification for phase one is currently available from the LMEselectMD page. The phase two technical specification will be communicated in due course.
Multicast is not supported over Internet. LMEsource will only be available via LMEnet lines or via the Interxion London Campus Community Data Centre (CDC), for all environments.
No, member test environment requires an additional cross connect. It is physically separated from production CDC cross-connects. A single cross connect can be provided for member test environment. Members and all other participants should contact the LME Technical Account Management team for further information.
No, ‘Reference Data’ is only available for current business date.
Evening Evaluation messages are currently not available on LMEsource. Vendors can continue to access Evening Evaluations through the LMEselect API while Vendors will need to have a LMEselectMD connection.
The Annual Licence fees and Subscriber fees will not change for distribution of data from LMEsource, compared with LMEselectMD. Fees will be as follows (in USD):
In addition to these pre-existing packages, LMEsource introduced a Level 1 package for distribution. This package offers the best bid and offer, trades, and end of day statistics from LMEselect only, and will incur subscriber fees of $35 per subscriber per month.
Please be aware of any relevant bandwidth requirements and connectivity costs associated with the LMEsource feed.
Please contact Market Data with any queries regarding fees.