LME launches direct data offering

Source: London Metal Exchange

The London Metal Exchange (LME) has today launched its own real-time direct data product, LMElive, which provides comprehensive market information on all LME contracts direct from source, for the first time in the Exchange's 131 year history.

The product includes full market information and price depth for the LME's nonferrous metals and plastics contracts across all trading platforms. From 25 February it will also incorporate price and market information for the Exchange's new steel billet contracts.

LMElive has been developed in response to demand for greater simplicity and portability in exchange data provision, and is available for as little as $160 per month. It integrates intuitive, user-friendly functionality and is fully configurable for any users' individual needs. The product is completely portable via an internet-delivered application and is also available for Blackberrys, PDAs and mobile phones.

Commenting on the launch, Martin Abbott, LME Chief Executive said: "LMElive is another addition to our expanding portfolio of service offerings and is a natural extension to the LME's highly effective data distribution model. Our inherent knowledge and experience of exchange market data puts us in an ideal position to offer a competitive and cost-effective product direct to the market."

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