LMEsource

the New LME Market Data Platform

LMEselectMD will be replaced by LMEsource, the LME’s new multicast market data platform which is currently under development. Please find below a high level summary of the new LMEsource's features and timelines, as well as the technical specifications for phase 1 of the project. To be kept aware of project developments, timelines and for further information please contact the Market Data team.

 

 

FAQs

When will the current LMEselectMD be decommissioned?

LMEselectMD will run in parallel with LMEsource, the new LME Market Data Platform, until further notice. Please note that initially, LMEsource will only publish LMEselect trading data for phase one.

When will the Connectivity Guide be available?

An update to the LME Connectivity Guide and a Connectivity Guide for the Community Data Centre POP will be available in Q1 2018.

Can I access LMEsource member test environment over the production CDC cross-connects?

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.

Can I get ‘Reference Data’ for business day’s other than current business date from LMEsource?

No, ‘Reference Data’ is only available for current business date.

Can I request ‘Floor Closing price’ messages from LMEsource?

‘Floor Closing price’ messages are currently not available on LMEsource. Member market data users will still need to subscribe to them from LMEselectMD after switching to LMEsource.

How can I access LMEsource?

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.

Is LMEsource available over Internet?

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.

What are the benefits of LMEsource, the new LME Market Data Platform?

Multicast
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.

Customisation of Market Data Products
Enables multiple multicast products to be broadcast via different channels, including a Level 1 (Best Bid and Offer) channel and a separate channel for LMEprecious products.

Binary Protocols
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.

What are the fees involved in upgrading to LMEsource?

Bandwidth requirements will be communicated in due course which may have cost implications for users of the platform. Current market data fees are available on the website and fees relating to any new services available on LMEsource, will be communicated shortly.

What is the bandwidth requirement for LMEsource?

Information on bandwidth requirements will be provided in due course.

What is LMEsource?

LMEsource is the new LME Market Data Platform, which is a real-time multicast market data dissemination based platform.

When will LMEsource be launched?

The first phase of LMEsource will be technically available on 21st May 2018 and 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.

When will the technical specifications be available?

The technical specification for phase one is currently available from the LMEselectMD page. The phase two technical specification will be communicated in due course.

Contact us

For further information please email our Market data team.