As part of the LME Liquidity Roadmap, we have increased LMEselect tick sizes to match our open outcry platform, the Ring, and better align our markets.
All tick sizes were changed (see table below) to increase the depth of liquidity at each tick value by concentrating orders to fewer levels in the order book. We are already seeing tighter LMEselect spreads as a result.
LMEselect tick sizes as of January 2015
Join us on our journey and get in touch to find out more: firstname.lastname@example.org
Liquidity Roadmap Member Notice, 14 January 2015, 15/023, A023
Liquidity Roadmap Press Release
Tick Size Notice, 2 December 2014, 14/358, A349
Order to trade Ratio Notice, 14 January 2015 15/022, A022
PTRM LMEselect 7.4 Notice, 26 January 2015 15/037, A037