The London Metal Exchange (LME) is introducing a new fee schedule, which provides an all-in transaction fee with trading and clearing components, all now charged in USD.
The new simplified tariff, which comes into effect on 1 January, 2015, aligns exchange fees with the currency of the contracts traded.
The average LME transaction fee (including trading and clearing) will increase by 34 per cent.
“Our new tariff is integral to our evolution into a truly commercial global exchange and underpins our continued investment and our next phase of expansion following the successful launch of LME Clear last week,” says Garry Jones, LME chief executive and HKEx co-head of global markets. “The new LME tariff is competitive and ensures we can continue focusing on innovation and offering users the highest levels of service.”
The new fee structure simplifies and levels out the transaction fees across the LME user base. The tariff also includes a significant discount on trades transacted on the Ring.
The LME Clear fee remains unchanged.
