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
- 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.”