LME Select to open six hours earlier

Source: London Metal Exchange

The London Metal Exchange (LME) has today confirmed that the Exchange’s electronic trading platform, LME Select, will open six hours earlier from 1 June 2006. The new trading times will be from 0100hrs London time to 1900hrs.

LME Select can currently be accessed from the United Kingdom and the United States of America and, following receipt of the necessary regulatory approvals, from 1 June members will also be able to access Select from Singapore, Japan and the People’s Republic of China provided members have obtained the relevant regulatory approvals in those jurisdictions. The Exchange is currently in the process of applying for authorisation from Australia and Hong Kong.

Commenting on the announcement, Simon Heale, LME Chief Executive said:

"I am delighted to confirm that the extension to LME Select will now begin from 0100hrs as of 1 June. The Exchange and its members have been working hard to ensure that the service is up and running and we look forward to providing LME Select during valuable Asian trading hours."

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