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LME seeks market-wide feedback on structure

The London Metal Exchange (LME) and LME Clear have published a discussion paper on the company’s market structure in a bid to expand its user base.

The LME is seeking market-wide feedback until 30 June 2017. Analysis of the findings will be published in the autumn as part of a wider strategy for future developments.

The paper’s launch follows the latest offerings from the LME since it was acquired by Hong Kong Exchanges and Clearing (HKEX). These include building a new clearing house and launching new contracts and services.

The discussion paper focuses on six core topics:

  • The LME ecosystem, its stakeholders and their needs
  • Trading and booking structures
  • Clearing structures and services
  • Delivery and physical market structure
  • Membership
  • Volumes, fee structures and new products

Matthew Chamberlain, LME chief executive, said: “Our core strategic vision is to work with our members to make trading more accessible and efficient, while respecting our physical roots.

”This paper lays out the principles on which we plan to build our business, and invites feedback from all stakeholders on the routes by which we deliver that strategic vision.”

Adrian Farnham, LME Clear chief executive, said: “The LME is the global home to metals trading and clearing. Working closely and co-operatively with as many of our market participants as possible is critical to our mutual understanding as we map out our development strategy for the coming years.”

 

Readers' comments (1)

  • Dear Sir/Madam

    As a Environmental Legal Compliance Adviser to the Newbery Metals Group who are one of the biggest independent Metal Recycling Companies in the South West of England, I am interested to find out how the group could have input into the LMEs wanting to find out what is really happening at the "Coal Face" of Britain's metal recycling industry and managing the current economic and compliance challenges. After all this is a good moment to learn from each other.
    Please could you reply with contact details as we would like to have some input especially being proud of our independent status and going through a successful period of expansion.

    Best Regards

    Miriam Smallridge
    07748 857687
    Environmental Legal Compliance Adviser to the Newbery Metal Recycling Group

    Unsuitable or offensive? Report this comment

  • Here is a link: http://www.lme.com/news-and-events/discussion-paper-2017/?utm_source=LME&utm_medium=Email&utm_campaign=The+Monthly+Prompt+-+May+2017&utm_content=The+Monthly+Prompt+-+May+2017&gator_td=cPMx6p4%2fGq5zCmjf2beRKWjTWMQ90jLKbpb5vAjopcF9a2norrIqJDaVBGc3C%2fwGG3T6PvgSacwcMPbKFl9ja4Y7BQVWc%2fDqKqn0C8XmeNSEPvDI%2ffmnWNCOdcugtPzJWlMPyEuoZ71RaTZfZbJOinWv2yD8JDJZz4KeA%2fN6SzEjrPWw%2b%2fRcCsjCzXJqKSAwdx4MRwNVzsX0l%2bEF134c67ODfNaln3pEs%2beoWzHISliQ%2bnFyjqGefVaHgtRQPExg5TdA1v%2fNl6ewi2eazTOXdZblpK1hn7lyD36CftijP4Y%3d

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