Thumbs up

LMEswaps volumes strong in first month of trading  

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.
 

Further reading



Upcoming events

1 day 17 hours from now - Miami
1 day 17 hours from now - Dubai
1 day 17 hours from now - San Francisco
2 days 17 hours from now - Toronto
2 days 17 hours from now - New York

Upcoming training

Mon, 29/09/2014 (All day) - London
Thu, 02/10/2014 (All day) - London