Sign up for free newsletter

 

Thumbs up

LMEswaps volumes strong in first month of trading  

Thu, 23/02/2012 - 13:49

The London Metal Exchange (LME) saw encouraging volumes in LMEswaps trading since launching the contracts on 23 January 2012. A total of 2,400 lots traded, of which 2,368 were in aluminium, 30 in copper and two in nickel.
 

LMEswaps introduce a new kind of contract to the market, which responds to the needs of the physical industry. For the first time, LMEswap users can benefit from a regulated market with the same counterparty default risk protection offered by other LME contracts.
              
Tradable on LMEselect and the 24-hour telephone market, LMEswaps enable market participants to enter into a fixed price and settle the difference against the floating price (the Monthly Average Settlement Price or MASP) at the end of the averaging period – all in one simple trade.
 


Subscribe to free daily newsletter
latestjobs
Senior Network Engineer

Fri, 06 Mar 2015 00:00:00 GMT

Senior C++ Engineer Greenfield Development

Fri, 06 Mar 2015 00:00:00 GMT

Senior Hadoop Developer

Fri, 06 Mar 2015 00:00:00 GMT

events
2 days 11 hours from now - Boston
2 days 21 hours from now - Tokyo
3 days 11 hours from now - Singapore
3 days 11 hours from now - London
specialreports