18 February 2018
Visit www.avoka.com

LME to move all plastics trading to Select and phone market

13 July 2009  |  1020 views  |  0 Source: London Metal Exchange

The London Metal Exchange (LME), the world's premier exchange for base metals, steel billet and plastics, has completed a consultation with members on proposals to change the trading platforms supporting LME plastics contracts.

Under the proposals, the Exchange's plastics futures for linear low density polyethylene and polypropylene would be traded solely on the Exchange's electronic platform, LME Select, and on the inter-broker telephone market. Trading in the open outcry Ring would likely cease in February 2010.

Martin Abbott, Chief Executive of the London Metal Exchange comments: "Trading in the LME plastics contracts has been concentrated on LMESelect and the telephone markets. The decision to focus liquidity in these trading venues is a reflection of the way in which the industry trades."

Proposals and member responses are currently being reviewed by the LME Executive Committee and will be put to the Board.


Comments: (0)

Comment on this story (membership required)

Related company news


Related blogs

Create a blog about this story (membership required)
visit http://info.nice.comVisit www.vasco.comvisit www.nextgenbanking.co.uk

Who is commenting?

Top topics

Most viewed Most shared
Saudi central bank provides sandbox for banks to try out Ripple techSaudi central bank provides sandbox for ba...
10470 views comments | 16 tweets | 11 linkedin
Aussie real-time payments platform goes liveAussie real-time payments platform goes li...
8257 views comments | 15 tweets | 41 linkedin
ECB launches staunch defence of cashECB launches staunch defence of cash
7746 views 10 comments | 21 tweets | 26 linkedin
hands typing furiouslyHow can Blockchain Help with AML KYC
7619 views 3 | 9 tweets | 4 linkedin

Featured job

Competitive base + commission
London, UK

Find your next job