22 October 2017

LME upgrades e-trading platform

04 November 2008  |  1512 views  |  0 Source: London Metal Exchange

The London Metal Exchange (LME) has today upgraded its electronic trading platform LMEselect.

The upgrade, which became effective from 01:00 London time this morning, will provide a more robust system that offers operational efficiencies.

The upgrade comes on the back of a record trading month for the Exchange overall and also LMEselect. Exchange volumes were up 44% in October compared to the corresponding period of 2007 with 11,218,308 lots traded. LMEselect also recorded an increase of 23% on its previous record month.

Commenting on this announcement, Martin Abbott, LME Chief Executive said: "The introduction of the upgraded LMEselect has gone smoothly and will provide a more robust system that offers operational efficiencies going forward. This comes at a time in the current exceptional trading environment when the LME is experiencing record volumes that require efficient and robust systems."

 

Comments: (0)

Comment on this story (membership required)

Related company news

 

Related blogs

Create a blog about this story (membership required)
visit www.atos.net Register now

Top topics

Most viewed Most shared
HSBC partners Bud for open banking trialHSBC partners Bud for open banking trial
10869 views comments | 22 tweets | 26 linkedin
Mastercard to roll out blockchain APIMastercard to roll out blockchain API
10674 views comments | 17 tweets | 24 linkedin
satelliteGates Foundation backs Ripple collaboratio...
9170 views comments | 13 tweets | 10 linkedin
IBM uses blockchain to improve cross-border payments processingIBM uses blockchain to improve cross-borde...
8227 views comments | 9 tweets | 17 linkedin
Sibos 2017: API or the highwaySibos 2017: API or the highway
8130 views comments | 10 tweets | 22 linkedin

Featured job

to £70K base, £105K ote, benefits
London, UK

Find your next job