19 October 2017
visit www.response.ncr.com

LME to move all plastics trading to Select and phone market

13 July 2009  |  1009 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.fivedegrees.nlvisit www.vasco.com

Top topics

Most viewed Most shared
Ripple looks to drive bank adoption with $300m XRP rebate programmeRipple looks to drive bank adoption with $...
15569 views comments | 12 tweets | 4 linkedin
Swift positive on blockchain, but big challenges remainSwift positive on blockchain, but big chal...
8755 views comments | 16 tweets | 22 linkedin
hands typing furiouslyHow artificial intelligence can deliver a...
8403 views 0 | 8 tweets | 9 linkedin
satelliteGates Foundation backs Ripple collaboratio...
7850 views comments | 13 tweets | 10 linkedin
IBM uses blockchain to improve cross-border payments processingIBM uses blockchain to improve cross-borde...
6997 views comments | 9 tweets | 17 linkedin

Featured job

Find your next job