LMEselect FAQs

The correct Java version is bundled with the trading client.

LMEselect is compatible and supported on Windows 10.

Production system is currently running from data centre 1.

No.

Trading hours are between 01:00am and 19:00pm London time.

LMEselect can be downloaded from the LME website under the documents section on the LMEselect page.

Yes. A list of conformed ISV’s can be found on the LME website.

All members and ISVs accessing LMEselect for FIX order entry, market data or drop copy services must certify their operational readiness prior to their access to the production system. The LMEselect Member and ISV self-certification process can be found on the LMEselect 'documents' section.

The user to be accredited should call the LME helpdesk and arrange a suitable time with a member of the LME Select team to go through the accreditation. The actual accreditation will be done over the phone.

No.

It is possible to change screen colour and font size by selecting ‘Properties’ from the drop down on each window in the trading client.

Users can view but not change the LME set hard limits.

The LME hard limits can be found under User Profile> User settings, under the tab 'Order Entry.'

Yes. This can be set from User Profile> User settings, under the tab 'Order Entry.'

The user must inform Trading Operations by telephone, on +44 (0) 20 7113 8200, within 15 minutes of executing the trade.

The LME will determine whether the trade is eligible for price adjustment. The full 'Error Trades and Erroneous Order Submissions Policy' can be found under 'Policies' on the LMEselect page.

The policy on error trades and erroneous order submissions deals with the three different circumstances relating to error trades and the submission of erroneous orders on LME Select:

• the no-cancellation range within which members will not be permitted to cancel error trades
• the procedures for the LME to permit the cancellation of error trades outside the no-cancellation range where both parties agree to cancel
• the power of the LME to invalidate an error trade(s) and remove an erroneous order(s), or to invalidate an error trade and replace it with an identical trade (but modified as to price) in order to protect the integrity of the market

The member requesting a trade cancellation must contact the LME’s Trading Operations team by telephone on +44 (0) 20 7113 8200 within 15 minutes of the trade.

The full policy can be found under 'Policies' on the LMEselect page.

This is a policy that the LME enforces to maintain an orderly market.

The full policy can be found on under 'Policies' on the LMEselect page. 

Historical data is retained for 30 business days.

The screen settings are stored locally to the PC.