11 December 2017
visit www.solutions.lexisnexis.com

LME to move all plastics trading to Select and phone market

13 July 2009  |  1014 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 www.response.ncr.comvisit www.atos.netvisit www.solutions.lexisnexis.com

Top topics

Most viewed Most shared
Revolut lets customers buy Bitcoin, Litecoin and EthereumRevolut lets customers buy Bitcoin, Liteco...
18127 views comments | 26 tweets | 22 linkedin
Saxo Bank's 'Outrageous Prediction': Bitcoin to peak at $60k next year before spectacular crashSaxo Bank's 'Outrageous Prediction': Bitco...
11036 views comments | 7 tweets | 6 linkedin
Deutsche Bank paper hails 'huge' blockchain potentialDeutsche Bank paper hails 'huge' blockchai...
6698 views comments | 13 tweets | 20 linkedin
Santander UK poaches Barclays innovation chief Michael HarteSantander UK poaches Barclays innovation c...
6416 views comments | 8 tweets | 17 linkedin
Barclays, First Direct and Nationwide join FCA sandbox cohortBarclays, First Direct and Nationwide join...
5824 views comments | 5 tweets | 12 linkedin

Featured job

Competitive base + commission + benefits
New York City, NY - USA

Find your next job